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3 years ago

If Joel earns a 7 percent after-tax rate of return, $27,000 received in two years is worth how much today

Business

1 answer:

steposvetlana [31]3 years ago

8 0

Answer: $23571

Explanation:

For this question, we have to calculate the present value of $27,000 with the given rate and the time that have already been given in the question to know the worth tiday. This will then be:

= $27,000 x PVIF (7%, 2)

= $27,000 x 0.873

= $23,571

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CalcuCo hired Effner & Associates to design a new computer-aided manufacturing facility. The new facility was designed to pr

andriy [413]

Answer:

$953 per unit

Explanation:

For computing the average cost per unit first we have to determine the operating capacity at 85% after that the total cost which is shown below:

Operating capacity at 85% is

= 300 computers × 85%

= 255 computers

Now the total cost is

= Variable cost + Fixed cost

where,

Variable cost is

= $660 × 255 computers

= $168,300

And, the fixed cost is $74,700

So, the total cost is

= $168,300 + $74,700

= $243,000

Now the average cost per unit is

= $243,000 ÷ 255 computers

= $953 per unit

6 0

3 years ago

Adjusting entries affect

jeka57 [31]

I don't have enough data later

4 0

3 years ago

Brief Exercise 23-1 Lopez Company uses both standards and budgets. For the year, estimated production of Product X is 534,000 un

guajiro [1.7K]

Answer:

a. $6

b. $3204000

Explanation:

Given:

Product X is 534,000 units
cost for materials $1,441,800
cost for labour: $1,762,200

(a) a standard cost

As we know standard cost is the cost of producing 1 unit and is recorded in a standard cost card. However, the cost of labor, materials and overhead are used to make a single unit, so

standard cost = unit variable cost = the total cost / the total number of unit.

In this situation, the overheading cost is not gven, so the total cost:

= The cost of labor + materials

= $1,441,800 + $1,762,200

= $3204000

=> standard cost = $3204000 / 534,000 = $6

(b) a budgeted cost represents the total costs

The total number of units * standard cost

= 534,000 * 6

= $3204000

6 0

3 years ago

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the fi

Dimas [21]

Answer:

Quik Furniture Company

Production cost report - Sanding department

Month ended on March 31, 2020

Units Physical units Equivalent units

Materials Conversion

Units started 9,240

in production

Completed and 6,240

transferred out

Work in progress 3,000 600

Total units 6,240 3,000 600

accounted for

Costs Direct Conversion Total

materials costs

Beginning WIP $0 $0 $0

Costs added during $36,960 $51,642 $88,602

period

Total costs $36,960 $51,642 $88,602

Cost per unit $4 $7.55 $11.55

(9,240 u.) (6,840 u.) (finished u.)

5 0

3 years ago

Learning Objective 4 - Prepare Financial Statements

Musya8 [376]

Answer:

150Explanation:

8 0

3 years ago