1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lesya692 [45]
4 years ago
10

A firm has the following accounts and financial data for 2007:

Business
1 answer:
Oksi-84 [34.3K]4 years ago
5 0

Answer:

The correct answer is $302.40.

Explanation:

According to the scenario, the computation can be done as:

To calculate firms' earning first we less cost of goods and total operating expenses from sales revenue:

= $3,060 - $1,800 - 600

= $660

Now we deduct the interest expense, then

= $660 - $126

= $534

Now we deduct tax rate, then

= $534 × $213.60    ( $534× 40%)

= $320.40

Now we finally deduct the dividends to get the firm's earning to common shareholder's, then

= $320.40 - 18

= $302.40

Hence, the firm's earning to common shareholder's is $302.40.

You might be interested in
Kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate
Lilit [14]

Answer:

using conventional costing system:

  • unit cost mercon = $21.40
  • unit cost wurcon = $90.80

total production costs using conventional costing system:

  • 4,000 units of mercon = 4,000 x $21.40 = $85,600
  • 8,000 units of wurcon = 8,000 x $90.80 = $726,400

Explanation:

                                                    Mercon           Wurcon

Direct materials cost per unit       $9.00             $7.00

Direct labor cost per unit             $6.00              $7.00

Direct labor-hours per unit            0.20                2.40

overhead rate applied                 $6.40            $76.80      

Number of units produced          4,000              8,000

overhead rate = total overhead / total direct labor hours = $640,000 / [(4,000 x 0.20) + (8,000 x 2.40)] = $640,000 / 20,000 = $32 per direct labor hour

unit cost mercon = $9 + $6 + $6.40 = $21.40

unit cost wurcon = $7 + $7 + $76.80 = $90.80

4 0
3 years ago
A few years ago the British government was considering​ retiring, or buying back from​ investors, some outstanding consols that
inna [77]

Answer:

a coupon bond that pays a fixed coupon rate and does not mature

Explanation:

3 0
3 years ago
Testbank Multiple Choice Question 86 Bonita Industries is constructing a building. Construction began on January 1 and was compl
eimsori [14]

Answer:

$8,318,333

Explanation:

The computation of the weighted average accumulated expenditure is shown below:

Date Amount       Capitalization period Weighted Average Accumulated Expenditures  

Mar 1 $6,300,000 10 months                  $5,250,000  ($6,300,000 × 10 months ÷ 12 months)

Jun 1 $5,260,000 7 months                   $3,068,333.33   ($5,260,000 ×  7 months  ÷ 12 months)

Dec 31 $8,450,000 0 months                    $0

Total                                                             $8,318,333

We simply multiplied the amount with the capitalization period so that the weighted average accumulated expenditure could come

4 0
3 years ago
What is one negative element about automated call answering service
avanturin [10]

Answer:

C. They are impersonal, which can result in dissatisfied customers.

Automated call service systems can help you, but if you have a more in depth question, it can't. The automated voice is impersonal, they don't show any emotional qualities, so they can't say, "sorry that happened to you," or, "sorry for the wait," (etc).

3 0
3 years ago
Read 2 more answers
With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the l
Vikentia [17]

Answer: Balloon Loan

A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.  

In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.

The interest falls due and is paid during the life of the loan.  

The principal however, is paid as a balloon payment on the final day of the life of the loan.


6 0
3 years ago
Other questions:
  • A consumer is making purchases of products Alpha and Beta such that the marginal utility of product Alpha is 30 and the marginal
    7·1 answer
  • Farrow Co. expects to sell 300,000 units of its product in the next period with the following results. Sales (300,000 units) $ 4
    12·1 answer
  • A tax levied on inherited money is known as a/an _______ tax.
    11·2 answers
  • Plans that identify costs and expenses under each manager's control prior to the reporting period, typically based on the flexib
    11·1 answer
  • Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be​ $37,00
    9·1 answer
  • Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer differentiated product
    9·1 answer
  • Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day.For a co
    15·1 answer
  • Billboard advertising is most effective for __________ advertising.
    10·1 answer
  • Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can.
    7·1 answer
  • Dockside Enterprises Incorporated operates two divisions: (1) a management division that owns and manages bulk carriers on the G
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!