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3 years ago

Which of the expenses listed is a variable expense? A.electricity B.health insurance C.emergency fund D.retirement deduction

Business

1 answer:

rjkz [21]3 years ago

8 0

A) the amount of electricity you use can vary from month to month

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vSelected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales $ 2 comma 000 comma 000 Oper

ioda

Answer:

Capital turnover = 2.5 times

Explanation:

given data

Sales = $2,000,000

Operating income = $400,000

Total assets = $800,000

Current liabilities = $120,000

Target rate of return = 13%

Weighted average cost of capital = 6%

to find out

Portland Porcelain Works Coffee Mug Division capital turnover

solution

we get here Portland Porcelain Works Coffee Mug Division capital turnover that is find here by dividing sales by total assets

Capital turnover = $\frac{sales}{total\ assets}$ ......................1

put here value

Capital turnover = $\frac{2,000,000}{800,000}$

Capital turnover = 2.5 times

5 0

3 years ago

Mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new

Rom4ik [11]

On their classified balance sheet, Mason Corporation would classify this land as a long-term investment.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

7 0

3 years ago

Why would expanding the nation’s communications network be considered an increase in wealth, while improving the education of it

larisa86 [58]

To be honest i think that it is because the internet contains everythingnyou need to know. And it is also much more easy to use. Hope this helps!

4 0

3 years ago

Your cash t-account has a beginning debit balance of $5,000. New debits are $500 and new credits are three times new debits. Wha

gulaghasi [49]

Answer: 4000

Explanation:

7 0

3 years ago

If the appropriate discount rate for this bond is 6%, what would you be willing to pay for ABC’s bond?

Juliette [100K]

Question:

Suppose there is a bond in ABC Company that that pays coupons of 8.5%, and suppose that these coupons are paid annually.

Suppose the face value of the ABC bond is $1000 and the maturity is 11 years.

If the appropriate discount rate for this bond is 6%, what would you be willing to pay for ABC’s bond?

Answer:

Price of bond = $ 1197.17

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The price of the bond can be worked out as follows:

Step 1

PV of interest payments

Annual Interest payment = 8.5%× 1000 = 85

Annual yield = 6%

Total period to maturity (in years) = 11

PV of interest =

85 × (1- (1+0.06)^(-11)/)/0.06 = 670.38

Step 2

PV of Redemption Value

= 1,000 × (1.06)^(-11) = 526.78

Step 3:

Price of bond

670.38 + 526.78= 1,197.17

Price of bond = $ 1197.17

6 0

3 years ago