To solve for the length of a square the equation is A = x^2 To fully solve for the problem we would need to know what the value of x is to find the entire length of the side.
Answer:
Thursday following the auction date
Explanation:
Treasury bills are instruments used by government to control liquidity in the economy by mopping up excess cash. They are secure government investments that are interest bearing.
T-bills are usually announced on Thursday, actioned on Tuesdays, and issued on the Thursday after auction.
So if the customer places a bid of $10,000,000 for the T-bills on auction day on Tuesday, the settlement of the transaction will occur on the Thursday following the auction date.
Answer:
The present value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57
Explanation:
Solution:
Given that
The present value =∑ ⁿ t=1 cf/ (1 +r)t
where cf= cash flow
r =the required rate of return
t = the number of years
Now
The present value will be:
cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6
Hence,
cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years
Note: Kindly find an attached document of the part of the solution to this given question
Answer:
Cost tracing is important because it helps a firm to make wise decisions.
Explanation:
Cost tracing can be defined as the process of matching a cost directly with a product being produced.
Variable cost that are accompanied with inventory are direct materials, direct labour and variable manufacturing overheard. the variable manufacturing overheard flunctuates based on amount of production. example is cost of electricity and gas.
Variable costing can also be used in determining cost-volume-profit relationships. This cost-volume-profit analysis aids managers in comprehending the minimum amount of inventory they need to produce to break even on their cost.
Variable costing can also be used in valuing inventory which makes it easier to compare the profitability of a product.
Absorption costing on the other hand, is advantageous for a small business because it complies with GAAP ( Generally Accepted Accounting Principle).
Absorption costing systems are easy to setup and less complicated than other costing systems. but the drawback of absorption costing is the way they handle fixed overheard cost.
Answer:
$222,000
Explanation:
Given that,
Selling price per unit = $300.00
Variable expense per unit = $78.00
Fixed expense per month = $164,280
Contribution margin per unit:
= Selling price per unit - Variable expense per unit
= $300.00 - $78.00
= $222
Contribution ratio:
= Contribution margin per unit ÷ Selling price per unit
= $222 ÷ $300.00
= 0.74
Break-even in monthly dollar sales:
= Fixed expense per month ÷ Contribution ratio
= $164,280 ÷ 0.74
= $222,000