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romanna [79]
3 years ago
9

The musical instrument store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. t

he costs include 12% for storage, 12% for interest, and 5% for transportation. what is the value of the inventory to the nearest cent?
Business
1 answer:
guapka [62]3 years ago
6 0
To find the value of the inventory to the nearest cent: 
Estimated costs are: $18,750
Storage costs: 12%
Interest costs: 12%
Transportation costs: 5%
Let's add the costs up: 12% + 12% + 5% = 29%  

We are solving for the value of inventory so in this case we will make that X.
X = estimated costs/interest amounts 
X = $18,750/29% 
X = $18,750/0.29
X = $64,655.17

The value of the inventory is $64,655.17

To check your work you can take $64,655.17 and multiply it by 29%
= $18,750
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Answer:

C. The actual variable overhead costs were lower than the budgeted costs.

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Actual cost = Actual hours X Actual rate per hour

Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour

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C. The actual variable overhead costs were lower than the budgeted costs.

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Answer:

The correct option is $7,option C

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The approach here is that we calculate the value of the firm after the cash dividend distribution ,which is simply the value of operations of $1000 since the short-term investments of $100 has been used in paying dividends.

Thereafter,the value of equity is the value of operations of $1000 minus the value of debt at $300,that is $700 ($1000-$300).

Finally intrinsic share price=value of equity/number of shares

number of shares is 100

intrinsic value per share=$700/100=$7 per share

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A particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg. if that land is converted to producing c
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The computation shows that the amount that will be made will be $420.

<h3>How to compute the value?</h3>

From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.

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The amount made will be:

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Answer:

A tender offer.

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