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3 years ago

Effects of containerisation,..... 10 points

1 answer:

4 0

Containerization did away with the manual sorting of most shipments and the need for warehousing. It displaced many thousands of dock workers who formerly handled break bulk cargo. Containerization also reduced congestion in ports, significantly shortened shipping time and reduced losses from damage and theft.

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A merchant purchased a jacket for $60 and then determined a selling price that equaled the purchase price of the jacket plus a m

JulsSmile [24]

Answer:

Gross profit will be $4

Explanation:

We have given that merchant purchased a jacket for $60

So purchased price = $60

Let the markup price is x

Now according to question selling price = x+60

Now it is given that marked up price is 25 % of the selling price

So $x=(x+60)\times \frac{25}{100}$

X = 20

So selling price = 60+20 =80

Now there is discount of 20%

So price after discount = $80-\frac{80\times 20}{100}=$64$

So gross profit = $64 -$60 = 4

7 0

3 years ago

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $3

Slav-nsk [51]

Answer:

a. $2.4

b. $10,000 under-applied

c. Cost of goods sold A/c Dr $10,000

To Manufacturing overhead $10,000

Explanation:

a. The computation of the manufacturing overhead rate is shown below:

Manufacturing overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $300,000 ÷ 125,000 hours

= $2.4

(B) Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 130,000 hours × $2.4

= $312,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $322,000 - $312,000

= $10,000 under-applied

c. The adjusting entry is shown below:

Cost of goods sold A/c Dr $10,000

To Manufacturing overhead $10,000

(Being the under-applied overhead is adjusted)

5 0

3 years ago

1.The Broomfield Bricklayers has a bond issue outstanding with an annual coupon rate of 9%. The par value of the bond is $1,000.

Charra [1.4K]

Answer:

answer 1. 9.24%

answer 2. 13.24%

Answer 3. 22.48%

Answer 4. $1,134.20

Explanation:

answer 1

Coupon amount = Face value * coupon rate

=1000*9%

=$90

current price of bond=$974

Current yield = Coupon amount/current price of bond

=90/974

=0.09240246407 or 9.24%

answer 2.

sale price after one year = 1103

purchase price or opening price = 974

Capital gains yield = (Sale price - Purchase price)/Purchase price

=(1103-974)/974

=0.1324435318 or 13.24%

Answer 3

One year coupon received = $90

Expected return of bond = Current yield + Capital gains yield

=0.09240246407+0.1324435318

=0.2248459959 or 22.48%

Another formula:

Expected return on bond = (Coupon received + sale price - purchase price)/Purchase price

(90+1103-974)/974

=0.2248459959

or 22.48%

Answer 4

Calculator inputs

I/Y (discount rate)= 8%

N (number of periods ) = 10

PMT (coupon amount) = 1000*10% =100

FV (face value) = 1000

press CPT and then -PV

Answer will be $1,134.20

3 0

3 years ago

starting balance of Accounts Receivable is $3,400 The starting balance of Cash is $9,000 The starting balance of Inventory is $5

mamaluj [8]

Answer:

The final amount in Cash is $9,034

Explanation:

As cash is received, the cash balance is increased by $10, and account receivables are decreased by $10.

As cash is paid for the purchase the cash balance is decreased by $16 and inventory value will increase by $16.

As the sale is made for cash, the cash balance is increased by $40, and the inventory balance is decreased by the same value.

Cash balance = $9,000 + $10 - $16 + $40 = $9,034

The working is attached with this answer please find it.

3 0

3 years ago

What common business mistake can cost you everything?

disa [49]

Answer:

Failure to buy adequate business insurance

Explanation:

8 0

3 years ago

Read 2 more answers