Answer:
Please see explanation
Explanation:
1. Machine hours used by Krazy Kayak are given as follows
Machine hours=Actual manufacturing overhead costs/cost per hour
=$428,000/41
=10,439 hours
2.Manufacturing overheads are underapplied because the actual overhead cost amounting to $428,000 is greater than applied overheads amounting to $405,900. The factory overheads are under applied by $22,100(428,000-405,900)
3. The journal entry to close out over or under allocated overhead are given as follows:
Debit Credit
Factory overheads applied $405,900.
Profit and loss account $22,100
Factory overheads Control $428,000
Answer:
3) former sells similar, although not identical, products.
Explanation:
In a monopolistic competition, there may be many sellers of a specific good, but in order for each firm to possess a monopolistic edge over the other, minute differences may exist between the similar goods. For example, geometrical sets are more or less the same, in terms of content. However, producer A may include a formula sheet, something which producer B may compensate with a timetable sheet. A consumer may wish to buy a geometrical set, but will have to choose between one from producer A or B since they all have different special features. Both producers A and B possess a monopoly of sorts over each other, due to the difference in features. This is called product differentiation. It may be physical, like the one above or perceived, where product A may seem better than product B, though entirely similar, due to A’s massive advertising. Purely competitive firm sells standard product like its competitors.
Answer:
= 3.72%
Explanation:
We know,
The price of a preferred stock is calculated by dividing the dividends from preferred stock by the required rate of return of preference share. Assuming the stock is growing constantly.
The formula to calculate -
Price of preferred stock = Dividend from preferred stock ÷ required rate of return
Given,
Dividend from preferred stock = $3.35
Price of preferred stock = $90
Therefore,
$90 = $3.35 ÷
or, = $3.35 ÷ $90
or, = 0.0372
Hence, = 3.72%
The required return = 3.72%
Answer: business proposal
Explanation:
Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.
In summary, business proposal is written in other to convince investors to invest in a particular project.
Answer:
Since the market value equals face value,coupon rate =yield is 75/1000=7.5%
That is 7.5% is before tax cost of floating the bonds
At tax rate of 30%,after tax cost of floating bond =7.5%*(1-30%)=5.25%
However,with a flotation cost of 2%,the before tax cost of flotation is calculated using below formula found in the explanation section.
((75+(1000-980)/25)/(980+1000)*2)=7.66%
Since tax rate remains 30%,the after tax cost of floating the bond with floating cost of 2% is: 7.66%*(1-30%)=5.36%
Explanation:
(Interest payment+((Par value-Net Proceds Value)/number of yr)/(Net Proceds+Par value)/2
