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pishuonlain [190]
3 years ago
7

Jan wants to plan for her daughter’s education. Her daughter, Rachel was born today and will go to college at age 18 for five ye

ars. Tuition is currently $15,500 per year, in today’s dollars. Jan anticipates tuition inflation of 6% and believes she can earn an 11% return on her investment. How much must Jan save at the end of each year, if she wants to make her last payment at the beginning of her daughter’s first year of college? A.$4,009.13 B.$7,334.72 C.$3,882.03 D.$2,547.54
Business
1 answer:
melisa1 [442]3 years ago
8 0

Answer:

c

Explanation:

ur multiplication is involved

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Rosman Company has an opportunity to pursue a capital budgeting project with a five-year time horizon. After careful study, Rosm
vovangra [49]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
Buffalo Corporation reported net income of $415,720 in 2020 and had 208,000 shares of common stock outstanding throughout the ye
LuckyWell [14K]

Answer:

Buffalo Corporation

Diluted earnings per share is:

$1.67 per share.

Explanation:

a) Data and Calculations:

Reported net income = $415,720

Common Stock outstanding = 208,000 shares

Options outstanding = 40,500 shares

Total outstanding shares = 248,500 shares (208,000 + 40,500)

Option price per share = $11

Market price per share = $15

Earnings per share = Net Income/Common Stock outstanding

Computation of diluted earnings per share:

Diluted Earnings per share = Net Income/Total outstanding shares

= $415,720/248,500

= $1.67

b) Buffalo's diluted earnings per share uses the total outstanding shares (common stock plus options stock plus all convertible securities) to divide into the net income.  As the description implies, all convertible stocks are included in the calculation to arrive at the earnings per share.

4 0
3 years ago
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output 1.2 Standard variable o
ruslelena [56]

Answer:

Direct labor rate variance = $162,000 U

Direct labor efficiency variance = $48,000 U

Variable overhead rate variance = $240,000 F

Variable overhead efficiency variance = $72,000 U

Explanation:

As per the data given in the question,

Direct labor efficiency variance = (Standard hour - Actual hour) × Standard rate

-$48,000 = (60,000 * 1.2 - 73,600) × Standard rate

Standard rate = -$48,000 ÷ -1,600

= 30

Direct labor rate variance = (Standard rate × Actual hour - Direct labor)

= (30 × 73,600 - $2,370,000)

= -$162,000

= $162,000 U

Direct labor efficiency variance = $48,000 U

Variable overhead rate variance = (Direct labor hour × Actual hour - actual variable overhead)

= ($45 × 73,600 -$3,072,000)

= $240,000 F

Variable overhead efficiency variance = (72,000 - 73,600) × $45

= $72,000 U

3 0
3 years ago
How do I get more questions?
Tomtit [17]

Answer:

You need to get more points so you can ask questions.

Explanation:

You can do this by answering other people's questions

8 0
3 years ago
Read 2 more answers
Mike's Motors Corp. manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. I
Lapatulllka [165]

Answer:

Mike's Motors Corp.

Cash Budget

                                             July             August        September

Beginning balance          $41,000          $30,000          $30,000

Cash receipts                   92,000            118,000           157,000

Total cash available      $133,000         $148,000        $187,000

Cash payments              120,000           106,900           134,400

Interest/Loan repayment                         11,100              6,602

Cash balance                    13,000            30,000            45,998

Cash to borrow                 17,000                      0               0

Minimum cash balance $30,000          $30,000          $30,000

Explanation:

a) Data and Calculations:

Minimum cash balance = $30,000

Interest rate on borrowings = 3% per month

Beginning cash balance = $41,000

Cash Budget

                                           July             August        September

Beginning balance        $41,000          $30,000          $30,000

Cash receipts                 92,000            118,000           157,000

Total cash available    $133,000         $148,000        $187,000

Cash payments            120,000           106,900           134,400

Interest/Loan repayment                         11,100              6,602

Cash balance                  13,000            30,000            45,998

Cash to borrow               17,000                      0               0

Minimum cash balance 30,000            30,000            30,000

Loan repayment:

In August:

Interest is paid =   $510 ($17,000 * 3%)

Loan is repaid = 10,590

Total paid =        $11,100

Balance of loan unpaid = $6,410 ($17,000 - 10,590)

In September:

Interest on loan = $192 ($6,410 * 3%)

Loan repaid =     6,602 ($6,410 + 192)

6 0
2 years ago
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