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3 years ago

5

Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spe

nd on his mortgage? A. 34.7% B. 40.9% C. 40.2% D. 37.8%

1 answer:

makkiz [27]3 years ago

6 0

Answer:B.40.9%

Explanation:

If $675 spend on mortgage and his monthly income is $1650

So the percentage will be:

$675 / $1650 × 100

= 0.409 ×100

= 40.9%

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In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $23,300 and Job 11 $31,500. On March 31, Job 10 is sold to the c

Feliz [49]

Answer and Explanation:

The journal entries are given below:

On Mar-31

Finished Goods $54,800($23,300 + $31,500)

To Work in Process $54,800

(Being two completed jobs are recorded)

On Mar-31

Cash $36,400

To Sales $36,400

(Being the sale of JOb 10 is recorded)

On Mar-31

Cost of goods sold $23,300

To Finished goods $23,300

(Being the cost of job 10 is recorded)

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3 years ago

What disadvantages could others' management responsibilities bring to your project? For instance, purchase and management of the

sergij07 [2.7K]

Answer:

mistakes

Explanation:

The main disadvantage would simply be "mistakes". Since it is your project, you are the one who has the vision of what it is supposed to be and what it is supposed to accomplish. If another individual is responsible for actions such as purchasing and managing technical equipment and staffing, they could make the mistake of buying the wrong equipment or hiring staff that is not necessarily suited to be part of the team. These are all mistakes that can be easily made if the individual in charge of these responsibilities does not have all the individual details of what the project is supposed to be.

6 0

3 years ago

Wolf Den Craft Beers projects that it will need $50 million in total assets to meet the sales projection of $65 million. The p

ivanzaharov [21]

Answer:

$5 million

Explanation:

As we know the asset is financed from two capital sources equity and liability.

Using Accounting equations as follow

Assets = Equity + Liabilities

Total Assets Value = Equity Value + ( Account Payable + Accrued expenses + Long-Term Debt )

As we both sides are not equal, asset are more that the sum of equity and liabilities so we need more borrowing to finance the assets.

$50 million = $25 millions + ( $8 million + $2 million + $10 million ) + Additional Borrowing

$50 million = $25 millions + $20 million + Additional Borrowing

$50 million = $45 millions + Additional Borrowing

Additional Borrowing = $50 million - $45 millions

Additional Borrowing = $5 million

7 0

3 years ago

Latting Corporation has entered into a 7 year lease for a building it will use as a warehouse. The annual payment under the leas

ira [324]

Answer:

D) $26,688

Explanation:

The computation of the present value is shown below:

= Annual payment × PVIFA for 7 years at 6%

= $4,781 × 5.5824

= $26,688

Refer to the PVIFA table

Simply we multiply the annual payment with the PVIFA so that the accurate amount can come.

The present value is come after considering the discount rate for the given number of periods

3 0

4 years ago

You are given the following information for Lightning Power Co. Assume the company's tax rate is 35 percent.

olga55 [171]

Answer:

The company's WACC is 9.14%

Explanation:

cost of preferred stock

= (dividend on preferred stock)/(current market price)

= [$100*4%]/$72

= 5.56%

total finance = debt + equity + preferred stock

= (8,000*$1,060) + (310,000*$57) + (15,000*$72)

= $8,480,000 + $17,670,000 + $1,080,000

= $27,230,000

weight of debt = debt/total finance

= $8,480,000/$27,230,000

= 0.31

weight on equity = equity/total finace

= $1.080.000/$27,230,000

= 0.04

WACC

= (weight of debt*after tax cost of debt) + (weight on equity*cost of equity)

= (0.31*0.0393) + (0.65-0.1185) + (0.04*0.0556)

= 9.14%

Therefore, The company's WACC is 9.14%

5 0

3 years ago