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NISA [10]
3 years ago
6

Trust Construction builds custom houses for individual buyers. On April 1, it had one job, started with a beginning Work-in-Proc

ess of $70,000. During April the job was finished and sold. Direct labor for the job in April was $90,000 and direct materials used were $66,000. Overhead is computed at a rate of 55% of direct labor. There is a markup of 40% on all sales. What was the selling price of the house?
Business
1 answer:
RideAnS [48]3 years ago
7 0

Answer:

$385,700

Explanation:

Based on the information provided within the question we can say that the selling price of the house was that of $385,700 . This can be calculated by adding up all the prices provided plus the direct labor and markup like so.

Direct Labor: $90,000 * 0.55 = $49,500

Markup: 40% / 100 = 0.40 (percent to decimal) + 1 (to make it as an additional value) = 1.40

Price Before Markup: $70,000 + $90,000 + $66,000 + $49,500 = $275,500

Adding Markup: $275,500 * 1.40 = $385,700

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Michael's, Inc., just paid $2.20 to its shareholders as the annual dividend. Simultaneously, the company announced that future d
Whitepunk [10]

Answer:

The maximum price that should be paid for one share of the company today is $54.895

Explanation:

The price of a stock that pays a dividend that grows at a constant rate forever can be calculated using the constant growth model of Dividend discount model (DDM) approach. The DDM values a stock based on the present value of the expected future dividends. The formula for price today under this model is,

P0 = D1 / r - g

Where,

  • D1 is the expected dividend for the next period or D0 * (1+g)
  • r is the required rate of return
  • g is the growth rate in dividends

SO, the maximum that should be paid for this stock today is:

P0 = 2.2 * (1 + 0.048)  /  (0.09 - 0.048)

P0 = $54.895 rounded off to $54.90

5 0
3 years ago
You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
Talja [164]

Answer:

mentor

Explanation:

According to my research on business roles and responsibilities, I can say that based on the information provided within the question  the president realizes that you are acting as a mentor to junior employees. This is defined as a person has an expertise in a certain area, and gives advice or trains another individual (usually younger than you). This is what you seem to be doing with the younger employees that gravitate towards you for advice.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
According to federal law, an insurance company under the provisions of the Investment Company Act of 1940 must allow a variable
torisob [31]

Answer: 24 months

Explanation:

The law of the state allows for periods more than 24 months, a 2 years of conversion privilege is required by federal law.

7 0
3 years ago
Suppose that a simple society has an economy with only one resource, labor. Labor can be used to produce only two commodities ax
max2010maxim [7]

Answer:

a, The PPF intersect the Y-axis at 1000 units of luxury goods

   The PPF intersect the X-axis at 500 units of necessity good

    It means that when the society produces zero units of necessity, it can          produce 1000 units of luxury goods and if they use all resources to produce necessity, they can produce 500 units only

b. The economy can produce at a point inside the curve IF (1) There is underutilized of the available resources. (2) There is inefficiency in the use of resources  

c. I will want to produce more necessity than luxury. The decision on which point the society will want to be depend on the type of economic system being practiced by my society, if it is free market, the price system will determine it and for a socialist system, the government decides.

d. If I am a dictator, I will make decrees as to the economic direction I want for the society and where the product distribution is left to the free market, the price system decides.

Explanation:

The production possibility frontier is a graph that shows the trade-off between two commodities which a country can be assumed to produce. An economy can operate on the PPF in which case it is using its resources to the fullest. It can operate inside the curve which means under-utilization of resources or inefficiency in resources utilization. A country cannot operate outside the curve except there is technological progress or economic growth.

Download docx
4 0
3 years ago
Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help
erica [24]

Answer:

$294,412.8

Explanation:

In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.

Total number of shares required = (46,000 ÷ 2) + 1

= 23000 + 1

= 23,001 shares

Market price of share = $ 12.80

Total amount = Total number of shares required × Market price of share

= 23,001 × $ 12.80

= $294,412.8

The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8

7 0
3 years ago
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