Loans are sums of money that are expected to be paid back with interest or in full
To find the fixed cost, we need add all costs that do not change with the number of haircuts. These are the salaries of the barbers and the manager bonus, the advertisement fees, rent and the magazines. We also have the standard part of the utility payment, the 170$. Those add up to:
6*1310+520+280+980+20+170=9830$. We also have regarding the variable costs:
The utilities variable part are included since they depend on haircuts, barber supplies and the base rate of each barber per haircut. Hence those are:
(5.90+0.38+0.27 per haircut)=6.55$ per haircut
Answer:
13.28%
Explanation:
return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity
- net income = $1,429,000
- preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
- average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500
return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%
Answer:
False
Explanation:
Katie's S704(c) allocation = $90,000 (basis of the transferred property) - $100,000 (debt) = $10,000
The remaining debt of the partnership = $100,000 - $10,000 = $90,000
Katie's basis in the partnership = 50% x remaining debt = 50% x $90,000 = $45,000
Answer:
Total period costs= $12,500
Explanation:
iving the following information:
Salaries for assembly workers $32,000
Cost of materials $1,400
Lubricants for machines $680
Accountant’s salary $4,600
Factory supervisor’s salary $4,700
Sales commissions $3,200
Period costs are not directly tied to the production process.
Period costs:
Accountant’s salary $4,600
Factory supervisor’s salary $4,700
Sales commissions $3,200
Total period costs= 12,500
