By providing a means for reliable transportation, the railroads made the regular shipping of manufacturing supplies and manufactured goods in mass quantities possible.<span> As a result, the railroads laid the groundwork for the Industrial Revolution through providing a foundational need in the development of industry.</span>
Answer:
4.04%
Explanation:
Given that,
Current sales = $5,000,000
Current total assets = $2,500,000
Profit margin = 7%
Payout ratio = 80%
Accounts payable = $500,000
Notes payable = $300,000
Accruals = $200,000
Current Spontaneous Liabilities:
= Accounts Payable + Accruals
= $500,000 + $200,000
= $700,000
Retention Ratio:
= 1 - Payout Ratio
= 1 - 0.8
= 0.2
Self-supporting Growth Rate:
= [Profit margin × Retention Ratio × Current Sales] ÷ [Current Total Assets - Current Spontaneous Liabilities - (Profit margin × Retention Ratio × Current Sales)]
= [0.07 × 0.2 × $5,000,000] ÷ [$2,500,000 - $700,000 - (0.07 × 0.2 × $5,000,000)]
= $70,000 ÷ $1,730,000
= 0.0404 or 4.04%
A set of keywords and symbols used to define searches on the internet are referred to as Boolean operators.
With boolean operators, we're talking about the AND, OR, NOT words that we would usually use when we would try to combine multiple strings together.
Answer:
$4,329,000
Explanation:
We know that
Pre-tax income = Sales - variable cost - fixed cost
where,
Sales = Number of units sold × selling price per unit
= 370,000 units × $20.10
= $7,437,000
And, the other items values remain the same
Now put these values to the above formula
So, the value would be equal to
$1,739,000 = $7,437,000 - variable cost - $1,369,000
So, the variable cost = $4,329,000
Answer:
overhead rate will be equal to $62 per machine hour
So option (B) will be correct option
Explanation:
We have given total overhead for the current year will be $15500000 with total 250000 machine hours.
And actual overhead is $16000000 and actual machine hour is 330000 hours
We have to find the overhead rate based on machine hour
Overhead rate is the ratio of estimated overhead to estimated total machine hours
So overhead rate $ per machine hour
So overhead rate will be equal to $62 per machine hour
So option (B) will be correct option