Answer:
You would need to sell 54,137 units in order to cover your fixed costs
Explanation:
Answer:
$82,000
Explanation:
Jackson manufacturing company has a beginning inventory of $23,000
The recorded inventory purchases is $125,000
The cost of goods sold is $66,000
Therefore the ending inventory can be calculated as follows
= $23,000+$125,000-$66,000
= $148,000-$66,000
= $82,000
What do you need help with?
Answer:
Dr. Truck $80,869
CR. Note Payable $80,869
Explanation:
Note issued is a liability instrument. It is a promise of payment f principal amount and interest after a specific period of time. Zero interst interest bearing not does not offer any interest payment but it is issued at a discounted price . Present value of Note payable is the value that should be recognised as a cost of the truck.
Now calculate the present value of the Note.
PV of Zero coupon bond = FV / ( 1 + r )^n
Where
FV = FV maturity value of the note = $118,400
r = Interest rate = 10%
n= numbers of period = 4 years
Placing Values in the formula
PV of Zero coupon bond = $118,400 / ( 1 + 10% )^4
PV of Zero coupon bond = $80,869
The executive is exhibiting a mission-driven leadership characteristic.