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agasfer [191]
3 years ago
14

During a recent​ month, Cali Company planned to provide cleaning services to 30 customers for $ 31 per hour. Each job was expect

ed to take 4 hours. The company actually served 10 more customers than​ expected, but the average time spent on each job was only 3.5 hours each. Cali​'s revenues for the month were A. $ 620 less than expected. B. $ 1 comma 240 more than expected. C. Cannot be determined from data given D. $ 620 more than expected.
Business
1 answer:
11111nata11111 [884]3 years ago
5 0

Answer:

Option (D) is correct.

Explanation:

Expected Revenue = 30 Customers × 4 hours each × $31 per hour.

                                 = $3,720

Actual Revenue = 40 Customers × 3.5 hours each × $31 per hour.

                            = $4,340

Increased Revenue = $4,340 - $3,720

                                 = $620

Therefore, Cali​'s revenues for the month were 620 more than expected.

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Goodell Corporation just paid its annual dividend of $1.75, today. Dividends for the Goodell Corporation are expected to increas
AlekseyPX

Answer:

current price of Goodell Corporation stock is $48.26

Explanation:

given data

annual dividend = $1.75

expected to increase 1 year = 27.5 percent

expected to increase 2 year = 13.8 percent

expected to increase per year = 5 percent

required rate of return = 10 percent

solution

we get here first dividend that is

D1 = 1.75 × (1.275) = 2.23    ...............1

D2 = 2.23 × (1.138) = 2.54    ...............2

D3 = 2.54 × (1.05) = 2.67      ...............3

and

year 2 price will be

P2 = D3 ÷ (R – g)    ...............4

P2 = 2.67 ÷ (0.10 - 0.05)

P2 = 53.4     ...............5

so current price will be

P = 2.23 ÷ (1.10) + 2.54 ÷ (1.10)2 + 53.40 ÷ (1.10)2

P = $48.26

4 0
3 years ago
In 2017, Kerry Corp's financial statement showed accrued losses on disposal of unused plant facilities of $3,600,000. The facili
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Answer:

$1,260,000  Asset

Explanation:

The amount that Kerry Corp should report is as follows:

Amount to be reported = $3,600,000 * 35% = $1,260,000  asset.

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The goal of <u> ISO</u>  is to establish international technological standards to

facilitate the global exchange of information and barrier-free trade.

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