The minimum price that the barber must charge <em>to increase his salary to $4,000</em> for each of the 200 haircuts is <em>A. $25.</em>
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge <em>to increase his salary to $4,000</em> without increasing the number of haircuts is $25.
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Answer:
A Bond's current market value represented by 
is the present value of a bond as on today. Present value of a bond is it's future cash flows in the form of coupon payments and principal repayment discounted at investor's expectation in the market also referred to as Yield to maturity(YTM).
Present value of a bond is given by the following equation,
where C= Annual coupon payments
YTM = Yield to maturity/ cost of debt/ market rate of return on similarly priced bonds
RV = Redemption value of bond
n = number of years to maturity
<u>a. A bond's coupon rate is higher than it's yield to maturity, then the bond will sell for more than face value.</u>
Hence, if the company pays more interest than what is paid in the market on similarly priced bonds, such bonds shall sell at more than their face value.
<u>b. If a bond's coupon rate is lower than it's yield to maturity, then the bond's price will increase over it's remaining maturity.</u>
Similarly, if a bond pays lower rate of interest than the market rate of interest on similarly priced bonds, the bond shall sell at lower than it's face value and the price will increase over the remaining life of such bonds.
Answer:
$70
Explanation:
Data provided in the question:
Earnings per week = $500
Bonus received per year = $2,000
Paid vacation = 2 weeks
Paid holidays = 5
Now,
Since the workers have 2 weeks of vacation the fringe benefit will be calculated for 50 weeks
[as 1 year have 52 weeks, so 52 - 2 weeks = 50 weeks]
Now,
Bonus per week = $2,000 ÷ 50 weeks
= $40 per week
Vacation pay for the year = Earning per week × Total vacation per year
= $500 × 2 weeks = $1,000
Thus,
Vacation pay per week = $1,000 ÷ 50 weeks
= $20 per week
since there are 5 days working in a week
Holiday pay per day = $500 ÷ 5 days
= $100 per day
Thus,
Total holiday pay for a year = Holiday pay per day × total holidays per year
= $100 × 5
= $500
Therefore,
Holiday pay per week = $500 ÷ 50 weeks
= $10 per week
Hence,
Combined amount of accrual
= $40 + $20 + $10
= $70
Answer:
$227,500
Explanation:
The computation of the total amount of cash paid is shown below:
Cash paid for insurance premium = Prepaid Insurance at end of the year + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year
= $61,250 + $218,750 - $52,500
= $227,500
We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium
False.
In theatre, a director's role and training is independent and separate from that of an actor. The two roles are distinct and do not require participation as the other in order to complete each. A director's training will be complete through activity other than working or being an actor in a production.
