Answer:
700
Explanation:
The condition for maximizing profits is Marginal cost = Price.
1. We need to calculate the marginal cost, which is the first derivative of the total cost function.
- marginal cost = (TC=10000+0.04q2=) '
2. Now, we equalize the MC to the price and solve for q.
0.08q=56
q=56/0.08
<h2>
q=700</h2>
Answer:
YTM = 4.40%
Explanation:
From current yield we solve for price:
current yield: annual payment/ price
0.07 = 1,000 x 8.5% / price
85 / 0.07 = price = 1214,285714285714 = 1214.29
Now we solve for yield to maturity. This is the rate at which the present value value of the maturity and coupon payment are equal to his current price:
C 42.50
time 12 (6 years x 2 payment per year)
rate (semiannual as the payment are twice per year)
PV coupon
Maturity 1,000.00
time 12.00
rate
PVmaturity
PV c + PV m = $1,214.2903
So we got:
From here we solve using excel or financial calculator as you suggest.
<u>notice this will give you the semiannual rate: 0.021988524 = 2.20%</u>
You will have to multiply the answer by 2 giving you the 4.40% as you were told.
Answer:
$12.90
Explanation:
Relevant data provided as per the question below:-
Actual manufacturing overhead = $204,900
Underapplied = $11,400
Number of hours = 15,000
As per the given question the solution of predetermined overhead rate is provided below:-
=
= $12.90
So, we have calculated the predetermined overhead rate by using the above formula.
Answer:
The answer is 0.01082
Explanation:
The formula for forward exchange rate is:
F = S x 1+rd/1+rf
where F is the forward exchange rate
S is the spot exchange rate(0.010798)
rd is the foreign currency interest rate(3% or 0.03)
rf is the domestic interest rate(3.75% or 0.0375
Month is 3 months(90days) and total number of days in a year is 360days.
Find find the attached file for calculation
Answer:
d.Assets are overstated by $9,000.
Explanation:
Provided that
The physical inventory inadvertently counted = $98,000
And, the correct amount of the physical inventory = $89,000
Since the correct amount of the inventory is less than the uncorrected amount that results the overstated of the assets.
Plus, the uncorrected amount of the inventory is recorded on the financial statements instead of the correct amount so ultimately the assets are overstated by $9,000