Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
- $40 per night x 3 nights x 200 = $24,000 for rooms
- $3,000 for insurance
- $6,000 for meals
total costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
Answer:
Option A
Total interest = 9.5% x $1,000 x 3 years = $285
Option B
total interest = 7.25% x $1,000 x 4 years = $290
Option C
Total interest = 5.5% x $1,000 x 8 years = $440
Option D
Total interest = 6% x $1,000 x 6 years = $360
Option c will cost the company the most in total interest over the life of the bond
Explanation:
In this case. the total interest over the life of the bonds is calculated. The total interest is a function of interest rate, par value of the bonds and number of years to maturity. A par value of $1,000 is assumed in this respect.
Answer: 2.24
Explanation:
Current ratio = Current Assets / Current liabilities
Current assets = Accounts receivable + Office supplies + Prepaid insurance + Cash
= 18,000 + 2,800 + 3,560 + 7,000
= $31,360
Current liabilities:
= Accounts payable + Unearned service revenue
= 11,000 + 3,000
= $14,000
Current ratio = 31,360 / 14,000
= 2.24
Answer:
Ralph can deduct the cost of lapel buttons as business gifts.
Explanation:
Section 274b states that business gifts cannot exceed $25, but Section 1274-3c states that the cost of the gift can be accounted separately than incidental costs related to them. This means that Ralph can deduct $20 for each lapel button and the $7 of the engraving can be discounted separately. This is similar to discounting $25 for the cost of a gift and $2 for the wrapping costs.