Answer:
Contribution margin income statement for the year ended December 31, 2019
Sales (10,000×$175) 1,750,000
Less Variable Costs (10,000×$116) (1,160,000)
Contribution 590,000
Less Fixed Costs (354,000)
Net Income/(loss) 236,000
Explanation:
Variable Costing Income = Contribution - Fixed Costs
Answer:
The depreciation schedule for six years is attached below.
Explanation:
Answer:
The airport should invest a uniform amount of 
$357,958.55
Explanation:
Hi
First of all, we need to know how much will cost the land in five years so we have, 
, that means that the future value of the land will be $2'100,000.
Now we can use 
with 
and 
%, so we have 
Answer:
The total amount of dividends paid over these three years is $8,600
Explanation:
The computation of the total amount of dividend for three years is shown below:
= Net income for first-year - net loss for the second year + net loss for the third year - ending retained earning balance
= $6,700 - $1,200 + $3,800 - $700
= $8,600
As we know,
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
So, we apply the same formula to compute the dividend amount
Answer:
<u>Scholarship Amount would be $45.68</u>
Explanation:
Deposits into an endowment account that pays 12% per year
Year 0 Deposit $100
Year 1 Deposit $90
Year 2 Deposit $80
Year 3 Deposit $70
Year 4 Deposit $60
Year 5 Deposit $50
Year 6 Deposit $40
First find the present worth of the gradient deposits.
P = 100 + 90(P/A, 12%, 6) - 10(P/G, 12%, 6) = $380.69
A = 380.69 (0.12)
A= $45.68
