Answer:
$940,000
Explanation:
The computation of the general and administrative expense is shown below:
= Legal and audit fees + rent for office space × basis
= $580,000 + $720,000 × 50%
= $580,000 + $360,000
= $940,000
In order to find out the general and administrative expense we simply added the legal & audit fees and the rent for office space so that the correct amount could arrive
Answer:
C) writ of execution
Explanation:
Writ of execution is a judicial order that a judgement be enforced.
Answer:
lose $2.000
Explanation:
with the 5000 you bought 2500 shares (5000/2)
Then the moment you decide to sell them your price drops.
2500 shares for $ 1.40 = $ 3500
which means a loss of = $ 1500
also, interest on the loan must be paid
$ 5000 10% = $ 500
Total loss of operations = 1500 + 500 = $ 2,000
Answer:
-$149,214
Explanation:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = assets / sales = 500,000 / 820,000 = 0.60976
ΔSales = $820,00 x 10% = $82,000
L/S = liabilities / sales = 125,000 / 820,000 = 0.15244
PM = profit margin = 23%
FS = forecasted sales = $902,000
1 - d = 1 - 10% = 0.9
EFN = (0.60976 x $82,000) - (0.15244 x $82,000) - ($902,000 x 0.23 x 0.9) = $
50,000 - $12,500 - $186,714 = -$149,214
Fixed costs = $3,000,000
Variable costs = 40% of Sales
Sales - x
Net income = $300,000
3,000,000 + 0.4 x + 300,000 = x
3,300,000 = x - 0.4 x
0.6 x = 3,300,000
x = 3,300,000 : 0.6
x = 5,500,000
We can prove it:
3,000,000 ( FC )+ 2,200,000 ( VC ) + 300,000 = 5,500,000
Answer:
The required sales for Montoya manufacturing: $ 5,500,000.
