Answer:
= $ 41,940
Explanation:
Purchased machine for $178,000 cash on January 2
And readies it for use the next day at a $2,840 cost
On January 3, it is installed costing $1,160
Total Acquisition Cost = $ 181,640
Salvage value $14,000
Useful Life = 6 years
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Depreciation Straight Line Method= $ 181,640 -$14,000/6
= $ 167,640/6= $ 27,940
After 5 years its Value would be = $ 181,640 -$ 27,940*5
= $ 181,640 - 139,700
= $ 41,940
It must be disposed off to get a value at least equal to $ 41,940 which is its value .
Profit Margin = Net Income/Net Sales
Profit Margin = $6,125/$17,500 = 0.35= <u>35%</u>
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The profitability of your company can be gauged by looking at your profit margin. How much of each dollar of sales or services is retained as profit is stated as a percentage of those profits. In business, the profit margin is calculated by dividing the net income by the net sales or revenue. To calculate net income, or net profit, a business simply deducts operating costs from sales.
The difference between gross and net profit margins
While a high gross profit margin and solid operational profit margin are great signs, a low net profit margin indicates wasteful spending on non-core business functions. It's a sign that your running costs are higher than the price you're charging for your products or services if the operational profit margin is negative.
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To know more about Profit Margin refer here:
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Answer:
A.- we need to fund 1,000,000 to achieve a 50,000 dollar perpetuity.
B.- There will be 1,105 dolalrs after 10 years.
Explanation:
Formula for perpetuity:
annuity/rate = principal
50,000/0.05 = 1,000,000
we need to fund 1,000,000 to achieve a 50,000 dollar perpetuity.
B.- continuous interest formula:
we plug our values:
we deposit 1,000 dollar for 10 years at 1% rate
And now we solve:
Amount = 1,105.170918 = 1,105
A) you own a home
Hope this helped!
Answer:
D) $22.5 Million
Step-by-step Explanation:
To calculate the cost of goods sold of minerals we first need to compute the depletion cost.
- Calculate Cost depletion:
Formula: × <em>U</em>
<em>Where:</em>
<em>APV = </em>Adjusted property Value.
<em>TR = </em>Total reserves.
<em>U = </em>Units extracted in a given period.<em> </em>
Data:
- APV: [$40 + (0.25 × $100) + $60] = 125,000,000
- TR: $20 million tons
- U: 2 million tons.
Putting values in the formula:
Depletion cost = × 2,000,000 = 12,500,000
- Calculate costs of goods sold:
CGS = (Depletion cost + wages and extraction costs)
CGS = 12,500,000 + 10,000,000 = $22,500,000
- The wages and other cost wasn't included in Depletion cost because it is an inventory cost which is supposed to be included in the cost of goods sold.