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11111nata11111 [884]
3 years ago
8

This question refers to flexibleminusbudget variance formulas with the following descriptions for the​ variables: A​ = Actual; B

​ = Budgeted; P​ = Price; Q​ = Quantity. The flexibleminusbudget variance for materials is $ 2 comma 000 ​(U). The salesminusvolume variance is $ 13 comma 000 ​(U). The price variance for material is $ 38 comma 000 ​(F). The efficiency variance for direct manufacturing labor is $ 9 comma 000 ​(F). Calculate the efficiency variance for materials.
Business
1 answer:
natulia [17]3 years ago
3 0

Answer:

$40,000 (U)

Explanation:

Given that,

Flexible-budget variance for materials = $2,000

Price variance for material = $38,000

Sales-volume variance = $13,000

Efficiency variance for direct manufacturing labor = $9,000 (F)

Flexible-budget variance for materials = Price variance for material + Efficiency variance for materials

2,000 (U) = 38,000 (F) + Efficiency variance for materials

Efficiency variance for materials = 2,000 + 38,000

                                                      = $40,000 (U)

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Answer:

The answer is <u>"a. 8.13%".</u>

Explanation:

Given that;

d0 = $1.75

p0 = $40.00

g = 3.6% = 0.036

By using the formula;

Price of the stock = (Dividend this year)(1+g) ÷ (r - g)  

By putting the values;

40 = (1.75)(1+0.036) ÷ (r - 0.036)

r - 0.036 = (1.75)(1.036) ÷ 40

r - 0.036 = 1.813 ÷ 40

r - 0.036 = 0.045325

r = 0.045325 + 0.036

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<u>r = 8.13%</u>

7 0
3 years ago
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Cincinnati Exporters wants to raise $40 million to expand its business. To accomplish this, it plans to sell 22-year, $1,000 fac
IrinaVladis [17]

Answer:

Minimum number of units to be issued = 45,791.4 units

Explanation:

The units of the bonds to be sold to raise the money equals to the price of the bonds divided by the sum to be raised

The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.

These cash flows include interest payment and redemption value

The price of the bond can be calculated as follows:

Step 1

PV of interest payment

Semi-annual coupon rate = 5.72/2 = 2.86 %

Semi-annual Interest payment =( 2.86 %×$1000)= $28.6

Semi annual yield = 6.85%/2 = 3.42%

PV of interest payment  

= A ×(1- (1+r)^(-n))/r

A- interest payment, r- yield -3.42%, n- no of periods- 2 × 22 = 44 periods

= 28.6× (1-(1.0342)^(-44)/0.0342)= 645.82

 

Step 2  

PV of redemption value (RV)

PV = RV × (1+r)^(-n)

RV - redemption value- $1000, n- 7, r- 4.5%  

= 1,000 × (1+0.0342)^(-2×22)

= 1000 × 1.0342^(-44)= 227.7

Step 3

Price of bond = PV of interest payment + PV of RV

645.82 + 227.7= 873.525

Minimum number of units to be issued = $40 million/873.5= 45,791.4 units

 

Minimum number of units to be issued = 45,791.4 units

7 0
2 years ago
A tax structured so that people with the same income pay the same percentage of their income in taxes is called a (an)__________
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Answer:

c. progressive tax

Explanation:

Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.

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3 years ago
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By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods
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Answer:

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I hope my answer helps you

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Recruiting.

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