Answer:
Explanation:
minimum reserve = 491.226
Reserve held through 21 days = 37 x 12 = 444
To be held last two days = 47.226
check the picture attached for more explanation to the problem
Answer:
$29.630
Explanation:
For computation of stock price first we need to follow some steps which is shown below:-
Free cash flow = EBIT (1 - T) + Depreciation - Capital expenditure - Working capital
= $450 million + $65 million - $110 million - $30 million
= $375 million
Value of firm = Free cash flow ÷ (WACC - Growth)
= $375 million ÷ (9% - 4.5%)
= $375 million ÷ 0.045
= $8,333.33 million
Value of equity = Value of firm - Value of debt
= $8,333.33 million - $3,000 million
= $5,333.33 million
Stock price = Value of equity ÷ Outstanding shares
= $5,333.33 million ÷ 180 million
= $29.630
Answer:
Using job costing, the 2018 budgeted manufacturing overhead rate is C. $6,00 per machine-hour
Explanation:
Manufacturing Overheads are absorbed in the production process at their Budgeted Rate multiplied by the Actual Activity during the period.
Budgeted Rate. = Total Budgeted Overhead Cost / Total Budgeted Activity
Total Budgeted Activity is the allocation base used to allocate the Overhead Cost. Franklin Manufacturing uses machine-hours as the only overhead cost-allocation base.
Thus the Budgeted Rate = $300,000/ 50,000
= $ 6.00 per machine hour
Answer:
£718,607
Explanation:
Annuities are investment opportunities that require an initial settlement and gives a series of returns of a fixed amount for a specific number of periods.
In simple terms, the question requires us to calculate the amount to be paid today (Present Value) of an annuity that pays £80,000 per year for the next 10 years.
To establish the [Present Value of the Annuity, the future Cash Flows must be discounted to the Present Value using the appropriate discount rate. In our case, we will use the annual effective interest rate of 2%.
Present Value = PMT × [ 1 - 1/(1+r)^n ÷ r ]
Where,
PMT = £80,000
n = 10
r = 2%
Therefore,
Present Value = £80,000 × [ 1 - 1 / (1.02) ^ 10 ÷ 0.02]
= £718,606.80 or £718,607
Conclusion :
She be willing to pay £718,607 today for the annuity.
Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
