Answer:
The cash balance on November 30 amounts to $155,700
Explanation:
Cash balance on November 30 = Beginning balance + Collection of cash from October sales + Collection of cash from November sales - Payments for October Purchases - Payments for November Purchases
where
Beginning balance is $13,700
Collection of cash from October sales = October Sales × % amount collected
= $240,000 × 70%
= $168,000
Collection of cash from November sales = November Sales × % amount collected
= $240,000 × 1.20 × 25%
= $72,000
Payments for October Purchases = October Purchases × % amount paid
= $70,000 × 65%
= $45,500
Payments for November Purchases = November Purchases × % amount paid
= $150,000 × 35%
= $52,500
Putting the values in the above formula
Cash balance on November 30 = $13,700 + $168,000 + $72,000 - $45,500 - $52,500
= $155,700
Answer: 7.67%
Explanation:
To solve this, the financial calculator will be needed
Present value = -896.87
Future Value = 1,000
N = [(25 - 5years) × 2 = 40
PMT = $45
Given the above information, we will press the financial calculator as we'll press CPT after which we then press I/Y and we'll get 5.11%
Then, the the firm's after-tax cost of debt will be:
= (5.11% x 2 )(1 - 0.25)
= (0.0511 × 2) (0.75)
= 0.07665
= 7.665%
= 7.67%
Answer:
the Direct Labor Costs are $5500
And Direct Materials are 2,250
Explanation:
Finished Goods has a total cost of $11,600
If the overhead applied to these goods is $3,850
Then the Direct Labor Costs are $5500
And Direct Materials are 2,250
Using the cross product rule
$3850 : 70
x : 100
x= $3850*100/70= $ 5500 are Direct LAbor Costs
Direct Materials= Finished Goods - overhead applied -Direct Labor Costs
Direct Materials =$11,600- $3,850- $5500
And Direct Materials are = $2,250
Answer:
If the ball goes over the goal line (end line), but not into the goal, and was last touched by the attacking team, it is put back into play by the defending team with a goal kick.
Answer: $2,085
Explanation:
Average monthly sales by the three salesperson are;
$125,000
$144,000
$148,000
Therefore, average total monthly sales by the three salesperson equals;
$125,000+$144,000+$148,000 = $417,000
Average total sales per month = $417,000
Monthly commission percentage = 0.5%
Monthly commission = 0.5% × 417,000
(0.5 ×417000) ÷ 100
208500 ÷ 100 = $2085
Monthly commission = $2,085