Drew monthly net income is 800 what is the maximum he should use on debt payments

Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of materi

Anastasy [175]

Answer:

A. $1,020 unfavorable.

3 0

3 years ago

Read 2 more answers

3. You have $100 to invest. The price of XYZ stock is $100. You sell short one share of XYZ and then invest all available funds

tigry1 [53]

Answer:

HPR = holding period Return is 20%

Explanation:

Given original Investment = $100

Short sale proceeds for 1 share = $100

Investment made of $100 + short sale proceeds of $100 at 5% YTM.

So Maturity Value = Investment x (1+YTM)^number of years

= 200 x (1 + 0.05)^1 = 210

Therefore, In order to cover Short sale of 1 share, we will have to buy 1 share at a closing value of $90

As such, holding period Return = (Investment proceeds from ZCB - Buying price of stock - Investment amount) / Investment Amount

= (210 - 90 - 100) / 100 = 0.2 or 20%

Hence, HPR = holding period Return is 20%

5 0

3 years ago

Are the following statements true or false? The difference between savings and investments is that savings is money set aside fo

grigory [225]

Answer:

That statement is true.

Explanation:

Basically, You put your money in saving if you intended to use that money for future consumption. You put your money in investment if you intended to make financial gain out of it.

For example,

Let's say that you want to buy a laptop that cost $700. You only able to spend $350 per month since you have to consider other more important payment such as rent or food. So you set aside $350 for two month and purchase the laptop at the end of the second month. This is an example of saving.

In another case let's say that you put that $350 in Bonds rather than purchasing laptop. You Let that bond mature and take a 3% interest as profit. Two month later, the value of your money is increased. This is an example of an investment.

8 0

3 years ago

Read 2 more answers

Which of the following is not an example of safeguarding inventory? a.physical devices such as two-way mirrors, cameras, and ala

Talja [164]

Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.

Explanation: If we analyze the statements:

a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.

b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.

c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.

d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.

3 0

3 years ago

The marketing manager for Mountain Mist soda needs to decide how many TV spots and magazine ads to run during the next quarter.

spayn [35]

Answer: The LP model is given as :

max: 1.180( 420000 A + 500000 B )

subject to : (a.) 7000 A + 2500 B ≤ 100000

(b.) 7000 A ≤ 70000

(c.) 2500 B ≤ 50000

Explanation:

Let us assume;

A be the no. of T.V spots

B be the no. of magazine spots

Given:

(a.) Mountain Mist earns a profit margin of $1.80 on each case of soda that it sells.

(b.) Each TV spot costs $7000 and is expected to increase sales by 420,000 cases.

(c.) Each magazine ad costs $2500 and is expected to increase sales by 500,000 cases.

∴ The objective function of this model will be given as :

max: 1.180( 420000 A + 500000 B )

(d.) A total of $100,000 may be spent on TV and magazine ads combined.

(e.) Mountain mist wants to spend no more than $70,000 on TV spots and no more than $50,000 on magazine ads.

∴ The subjective function will be :

(a.) 7000 A + 2500 B ≤ 100000

(b.) 7000 A ≤ 70000

(c.) 2500 B ≤ 50000

∴ The LP model is given as :

max: 1.180( 420000 A + 500000 B )

subject to : (a.) 7000 A + 2500 B ≤ 100000

(b.) 7000 A ≤ 70000

(c.) 2500 B ≤ 50000

4 0

3 years ago