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mrs_skeptik [129]
2 years ago
8

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement

for November. Sales (7,100 units) $ 326,600 Variable expenses 184,600 Contribution margin 142,000 Fixed expenses 103,500 Net operating income $ 38,500 If the company sells 7,000 units, its net operating income should be closest to: (Do not round intermediate calculations.)
Business
1 answer:
vaieri [72.5K]2 years ago
4 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales (7,100 units) $ 326,600

Variable expenses 184,600

Contribution margin 142,000

Fixed expenses 103,500

Firsts, we need to calculate the selling price and unitary varaible cost:

Selling price= 326,600/7,100= $46

Unitary variable cost= 184,600/7,100= $26

For 7,000 units:

Sales= (7,000*46)= 322,000

Variable cost= (7,000*26)= (182,000)

Total contribution margin= 140,000

Fixed costs= (103,500 )

Net operating income= 36,500

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Suppose Stark Ltd. just issued a dividend of $2.24 per share on its common stock. The company paid dividends of $1.80, $1.98, $2
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Answer:

Ans, The cost of the company’s cost of equity capital using the arithmetic average growth rate is 10.63% and using the geometric average of the growth rate is 10.60%

Explanation:

Hi, this is the equation we need to solve in order to find the company’s cost of equity capital.

r=\frac{Dividend}{Price} +g

As you can see, we almost have everything, the only problem here is "g", its growth rate, so let´s find "g" using the arithmetic average, but first, we need to find the growth rate for every period, the formula is

g=\frac{(FinalDividend-PastDividend}{PastDividend}

Therefore, we need to find 4 g´s, let´s call them g1, g2, g3 and g4:

g1=\frac{(1.98-1.80)}{1.80} =0.10

g2=\frac{(2.05-1.98)}{1.98} =0.0354

g3=\frac{(2.16-2.05)}{2.05} =0.0537

g4=\frac{(2.24-2.16)}{2.16} =0.0370

So the average is:

Average(g)=\frac{0.10+0.0354+0.0537+0.0370}{4} =0.0565

Therefore, the average growth rate is 5.65%

And the company’s cost of equity is:

r=\frac{2.24}{45} +0.0565=0.1063

so, if the average growth rate is found by using the arithmetic average is 10.63%.

Now, let´s find the geometric average

g(average)=\sqrt[4]{(1+0.10)(1+0.0354)(1+0.0537)(1+0.0370)} -1=0.0562

therefore, using the geometric average to find the growth rate, the company’s cost of equity is:

r=\frac{2.24}{45} +0.0562=0.1060

using the geometric average, the company’s cost of equity is 10.60%

Best of luck.

7 0
2 years ago
At August 31, 2022, Carla Vista Company has this bank information: cash balance per bank $10,690; outstanding checks $840; depos
Igoryamba

Answer:

$11,650

Explanation:

The adjusted cash balance per bank at August 31 2022 is calculated as;

= Cash balance per bank - Outstanding checks + Deposits in transits

Given that;

Cash balance per bank = $10,690

Outstanding checks = $840

Deposits in transits = $1,800

= $10,690 - $840 + $1,800

= $11,650

Therefore the adjusted cash balance per bank is $11,650. It means that the cash balance per bank statement has to be adjusted to accommodate outstanding checks and deposits in transit. For outstanding checks , they are checks that have not yet been found on the bank statement , while deposits in transit are those deposits, that have not yet been found or appear on the bank statement.

8 0
2 years ago
describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which sho
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A company in monopolistic opposition produces an allocatively green output degree even as a company in best opposition produces a productively green output degree.

The long-run equilibrium answer in monopolistic opposition usually produces 0 monetary income at a factor to the left of the minimal of the common overall value curve. The life of excessive limitations to access prevents corporations from coming into the marketplace even withinside the long run.  

Therefore, it's far viable for the monopolist to keep away from opposition and hold making tremendous monetary income withinside the long run. One feature of a monopolist is that it's far a income maximizer. Since there's no opposition in a monopolistic marketplace, a monopolist can manage the charge and the amount demanded. The degree of output that maximizes a monopoly's income is calculated through equating its marginal value to its marginal revenue.

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8 0
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Answer:

Explanation:

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contracts; in addition, the general partner is individually liable for the debts and obligations of a

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