Why do objects used as money need to be in limited supply

During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers' wag

ella [17]

Answer:

$7,750

Explanation:

The computation of the net income for the first year is shown below:

but before that following calculations needed

The Cost of production is

= Direct material + Direct labor + Manufacturing overhead

= $11,625 + $11,000 + $10,000

= $32,625

The Unit product cost is

= $32,625 ÷ 7,250 units

= $4.50 per unit

Now

Cost of goods sold = Number of units sold × cost per unit

= 4,500 units × $4.50

= $20,250

And, finally

Net Income = Sales revenue - COGS - general, selling, and administrative expenses

= (4,500 units × $7) - $20,250 - $3,500

= $7,750

3 0

3 years ago

Suppose a farmer wants to borrow $176,590.00 to buy a tract of land. The BCS bank will make a 22-year loan fully amortized at 6.

Andrew [12]

Answer:

A Farmer

i) Loan principal = $178,033 ($176,590 + $443 + $1,000)

ii) Required stock purchase = $1,000

iii) Annual loan payment (fully amortized at 6.19%) is:

= a. $15,032.59

Explanation:

a) Data and Calculations:

Required loan amount = $176,590.00

Period of loan = 22 years

Interest rate = 6.19%

Loan fee = $443.00

Stock purchase = lesser of $1,000 or 3.00% of loan amount

= lesser of $1,000 or $5,297.70 ($176,590 * 3%)

i) Loan principal = $178,033 ($176,590 + $443 + $1,000)

ii) Required stock purchase = $1,000

iii) Annual loan payment (fully amortized at 6.19%) = $15,030 approximately :

(# of periods) 22

I/Y (Interest per year) 6.19

PV (Present Value) 178033

FV (Future Value) 0

PMT = $15,030.02

Sum of all periodic payments $330,660.34

Total Interest $152,627.34

7 0

3 years ago

Identify two examples of suitable places Sarah could advertise vacancies

Anika [276]

Answer:

permanent roles, and contract roles.

8 0

3 years ago

How can social media endanger the safety of military service members and journalists?

viktelen [127]

Answer:

"GPS technology may accidentally leak confidential information about the location."

Explanation:

A good case in point was a watch tracking service that leaked classified GPS coordinates of our military servicemen and women's location. It jeopardized our ability to effectively operate in a foreign land without notice of occupied territory.

In this question, it places our military and journalists at risk because they know where they are at and so forth.

5 0

3 years ago

The following information was taken from the records of Roland Carlson Inc. for the year 2017: income tax applicable to income f

avanturin [10]

Answer:

Following are the solution to the given question:

Explanation:

Revenue before continuing business 585000

less:income tax -187000

Continuous business revenue 398,000

Operations stopped

Loss of non-compliance -75000

Less: Applicable drop in income tax from 25500 - 49500

net sales 348500

Popular inventory per share

Continued operating revenue $[\frac{398000}{100000}] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3.98$

Losses on disrupted businesses, tax net $[\frac{-49500}{100000}]$ Net-0.495

Net profits $[\frac{348500}{100000}] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3.485$

8 0

3 years ago