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3 years ago

Identify the features of stocks and bonds

Business

1 answer:

ch4aika [34]3 years ago

3 0

Explanation:

How to "buy at wholesale, sell at retail" like financial institutions

How to navigate today's increasingly volatile markets and manage risk

Common mistakes of the novice investor and how to reduce them

How you can time the market by waiting for opportunity to come to you

A rules-based strategy for trading in any market and any asset class

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Rey Company’s single product sells at a price of $216 per unit. Data for its single product for its first year of operations fol

erastovalidia [21]

Answer:

1. Using Absorption Costing

Income Statement

Sales 20,000 X $216 = $4,320,000

Less: Cost of Goods Sold (Note 1) =($1,240,000)

Gross Margin = $3,080,000

Less: Operating Expenses

Selling and Administrative Expense = ($560,000)

(Note 2)

Net Income = $2,520,000

Note:

Cost of goods Sold = All the direct variable cost + direct fixed cost = Direct materials + Direct Labor + Direct Overhead = $20 +$28 + $6 = $54 per unit, Total = $54 X 20,000 units = $1,080,000 + Fixed cost = $160,000 = $1,240,000
Selling And Administrative Expense = Variable + Fixed, Variable = $18 X 20,000 units = $360,000, Fixed Expenses = $200,000, Total = $560,000

2. Using Variable Statement

Sales 20,000 X $216 = $4,320,000

Less: Variable Costs

Direct Material $20 X 20,000 = ($400,000)

Direct Labor $28 X 20,000 = ($560,000)

Variable Overhead $6 X 20,000 = ($120,000)

Variable Selling Expense $18 X 20,000 = ($360,000)

Contribution Margin = $2,880,000

Less: Fixed Costs

Fixed Overhead = ($160,000)

Fixed Selling & Administrative = ($200,000)

Net Income = $2,520,000

Note: Under Variable Statement first variable expenses are deducted to get the value of contribution, and then fixed expenses are deducted to get net income, whereas in absorption costing firstly manufacturing expenses are deducted to get gross margin and then operating expenses like selling and administrative expenses are deducted to get the net income.

But Net income is same in both cases.

5 0

3 years ago

The corporate charter of Torres Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. D

sergey [27]

How many shares were authorized?

Number of shares authorized are 4,000,000

--------

How many shares were issued?

Number of shares issued are 2,080,000

--------

How many shares are outstanding?

Number of shares outstanding = Number of shares issued - Numberof shares repurchased

Number of shares outstanding = 2,080,000 - 80,000

Number of shares outstanding = 2,000,000

--------

What is the balance of the Common Stock account?

Balance of common stock = Number of shares issued * Parvalue

Balance of common stock = 2,080,000 * $1

Balance of common stock = $2,080,000

--------

What is the balance of the Treasury Stock account?

Balance of treasury stock = Number of shares repurchased * Priceper share

Balance of treasury stock = 80,000 * $25

Balance of treasury stock = $2,000,000

--------

June 12: Issued 50,000 shares of $3 stated value common stock for cash of $250,000.

Cash; 250,000

Paid-In Capital in Excess of Par--Common Stock 50,000 x 3 = 150,000

Common Stock: 100,000

July 11: Issued 2,000 shares of $100 par value preferred stock for cash at $108 per share.

cash: 2000 x 108 = 216,000

preffered stock : 2,000 x 100 = 200,000

Paid-In Capital in Excess of Par--Preferred Stock : 16,000

Nov. 28: Purchased 2,000 shares of treasury stock for $10,000.

Treasury Stock 10,000

Cash 10,000

6 0

3 years ago

According to the New York Times, during the mortgage crisis real estate brokers had an incentive to steer borrowers to higher-co

just olya [345]

Answer:

Rawls' Theory of Justice.

Explanation:

Rawls argues that self-interested rational persons behind the veil of ignorance would choose two general principles of justice to structure society in the real world: 1) Principle of Equal Liberty: Each person has an equal right to the most extensive liberties compatible with similar liberties for all.

7 0

3 years ago

When you analyze a system using the six-phase security process, you are performing a:?

ddd [48]

When you analyze a system using the six-phase security process, you are performing a security architecture study.
The security architecture analyzes and addresses the necessities, potential risks ,vulnerabilities and security threats.
It implements, operates and controls security services and processes.

5 0

2 years ago

A manufacturing operation consists of 10 operations. However, five machining operations must be completed before any of the rema

Anit [1.1K]

Answer:

The answer is: 14,400 different production sequences are possible

Explanation:

For this calculation I will assume that the first 5 operations can be made in any order, as well as the last 5.

For the first set of machining operations, since they can go in any order, you choose one operation and then you have 4 operations left, then you choose another operation and you have 3 operations left, then you choose another operation and you have 2 operations left, you choose another option and you have only 1 operation left. This process can be expressed by the following equation: 5 x 4 x 3 x 2 x 1 = 120 possible different combinations. Mathematically it can also be expressed as 5! = 120

The same for the last 5 assembly operations, you have 5 x 4 x 3 x 2 x 1 = 120 possible different combinations.

So to get the total possible combinations of all the process, we just multiply 120 x 120 = 14,000 or 5! x 5! = 14,400

8 0

2 years ago