Answer:
also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.
Explanation:
A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>
Answer:
Dallas Boot Corporation
Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than:_________
= $20.
Explanation:
a) Data and Calculations:
Pairs of military combat boots on the bid = 1,000
Direct material $8
Direct labor 6
Variable overhead 3
Variable selling cost (commission) 3
Fixed overhead (allocated) 2
Fixed selling and administrative cost 1
Total cost of production and sales $23
Less commission 3
Total cost per boot $20
b) The bidding price less sales commission will be a price that is greater than $20 per boot. The extra amount per boot will cover the profit expected from the transaction.
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Answer:
$8
Explanation:
The yearly amount of interest earned on a $100 deposit at 4 percent rate is:
Since simple interest investments yield a constant interest each year, the amount earned after two years is:
The total amount earned is $8.
