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3 years ago

EA5.

Business

1 answer:

katrin [286]3 years ago

6 0

Answer:

$4,500

Explanation:

Given that,

Beginning balance of work in process = $4,000

Ending balance of work in process = $3,000

Direct labor:

= Cost of goods manufactured + Ending balance of work in process - Beginning balance of work in process - Material used - Overhead applied

= $7,500 + $3,000 - $4,000 - $1,500 - $500

= $4,500

Note:

Table is missing from the question so I have attached the table.

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Service perishability means that ________.

vichka [17]

Answer:

C because Perishability is used in marketing to describe the way in which service cannot be stored for sale in the future

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3 years ago

What is not part of all contracts?

sdas [7]

Premium is not included in all contracts.
Offer is very important, time requirements is also a must in a contract, consideration is also stated in the contracts, but premium is not included in the contract.

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3 years ago

Read 2 more answers

Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at

Alja [10]

Answer:

1st Plan Earning per Share $ 1.80

2nd Plan Earning per Share $ 2.30

The Second Plan provides better earnings per share.

Explanation:

1st Plan:

Income before Interest and taxes 1,008,000

Bonds Payable Interest: (144,000)

Income before taxes 864,000

Income tax expense (345,600)

Net Income 518,400

Quantity of Common Stock:

$ 1,440,000 / $5 = 288,000

Earing per share:

518,400 / 288,000 = $1.80

2nd Plan:

Income before Interest and taxes 1,008,000

Bonds Payable Interest: (72,000)

Income before taxes 936,000

Income tax expense (374,400)

Net Income 561,600

Preferred Shares Dividends (120,000)

Available for common stock 441,600

Quantity of preferred Stock:

$1,200,000 / $10 =120,000 shares

Dividends on Preferred Shares:

120,000 x $1 = 120,000

Quantity of Common Stock:

$ 960,000 / $5 = 192,000

Earing per share:

441,600 / 192,000 = $2.30

3 0

3 years ago

J Crane, Ltd. is a local coat retailer. The store’s accountant prepared the following income statement for the month ended Janua

kari74 [83]

Answer:

J Crane, Ltd

Contribution Margin Income Statement

For the Month ended January 31 YY

$ $

Sales revenue 750,000

Less Variable cost :

Cost of goods sold 300,000

Selling expenses 19,500

Admin Expense 37,500

357,000

Contribution Margin 393,000

Less Fixed cost :

Selling expense 4,060

Administrative expense 12,000

16,060

Net income 376,940

Working:

Number of Coat sold = 750,000/250 = 3000 coats

Variable costs:

Selling expenses = 6.5 x 3000 = 19500

Admin Expense = 750,000 x 5% = 37,500

Fixed cost:

Selling expenses = 23560 - 19500 = 4060

Admin Expense = 49,500 - 37,500 = 12,000

4 0

3 years ago

a. Ten years ago today, Excel Corp issued a regular coupon bond that had original maturity of 15 years. The bond pays interest s

Vlad [161]

Answer:

Total $1,271.0564

Explanation:

We have bond of 10 years ago, so the bond is left with 5 years of life

we need to calculate the present value ofthe cuopon payment:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 50 (1,000 x 5%)

time 10 (5 years 2 payment a year)

rate 0.02 (4% annual divide by 2 to get semiannually)

$50 \times \frac{1-(1+0.02)^{-10} }{0.02} = PV\\$

PV $449.1293

and the present value of the principal

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1000

time 5

rate 0.04

$\frac{1000}{(1 + 0.04)^{5} } = PV$

PV $821.9271

We add both to get the present value ofthe bond

PV c $449.1293

PV m $821.9271

Total $1,271.0564

6 0

3 years ago