Answer:
the sales in dollars sell to generate the target income is $183,334
Explanation:
The computation of the sales in dollars sell to generate the target income is shown below:
= (Fixed cost + target income) ÷ (selling price - variable cost) ÷ selling price
= ($25,000 + $66,667) ÷ ($30 - $20) ÷ $20
= $91,667 ÷ 50%
= $183,334
Hence, the sales in dollars sell to generate the target income is $183,334
Electronic Profiling is your answer. I hope I helped:)
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
PV= $7,800
Regency Bank:
i= 0.5 percent per month
n= 19*12= 228
King Bank:
i= 6 percent annually
n=19
To calculate the final value of each bank we need to use the following formula:
FV= PV*(1+i)^n
Regency bank:
FV= 7,800*(1+0.005)^228= $24,319.61
King bank:
FV= 7,800*(1.06)^19= $23,599.68
Answer: $197,600
Explanation: Don Co is making a sale to Cologne GmbH and on the date of the transaction there is an exchange rate called the spot rate. Don Co will record in its books the value of the transaction on the set date at the spot rate which is:
200,000 euros @ .988
= $197,600
on the date of the settlement of the debt by Cologne GmbH, the spot rate is also considered which will be 200,[email protected] .995 = $199,000
Note that on the payment date, the exchange rate has gone up and now Don Co has a higher receivable value that what is in its book.
the difference of $1,400 ($199,000-$197,600) will now be noted in the books of Don Co as an exchange gain on the transaction.
