Answer:
Mojo Mining
The aftertax cost of debt is:
= 3.6%.
Explanation:
a) Data and Calculations:
Bonds outstanding value = $1,040
Maturity period = 18 years
Payment of interest = semiannual
Coupon rate = 5.54% per annum
Coupon rate per half-year = 2.77% (5.54%/2)
Company's tax rate = 35%
Aftertax cost of debt = 5.54% (1 - 0.35)
= 5.54% * 0.65
= 0.036
= 3.6%
b) Mojo Mining's aftertax cost of debt is a product of its cost of debt of 5.54% and the difference between tax savings, which results from the deduction of interests on the debt.
Answer:
Supply chain management is the coordination, management and strategy that drives the flow of data, information, resources and materials to deliver the best product and service to all stakeholders in the process of converting raw goods to a salable product and delivering it to the ultimate customer. There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needs.
Explanation:
Answer and Explanation:
The computation is shown below:
a. The predetermined overhead rate is
= $660,000 ÷ 100,000
= $6.60
(b) The amount is
For Job 345, it is
= 560 hours × $6.60
= $3,696
And,
For Job 777, it is
= 800 hours × $6.60
= $5,280
(c) The journal entry is
Work in Process $8,976
To Factory Overhead $8,976
(Being the factory overhead applied is shown below:
= $3,696 + $5,280
= $8,976
Answer:
Contribution margin = $16
Explanation:
Contribution is the difference between the selling price and the variable cost.
Contribution margin = (Sales - variable cost )
Variable cost = Variable manufacturing + Variable selling cost
Variable cost = 18 + (15%× 40) = 24
Contribution margin = 40 - 24 = $16
Contribution margin = $16