Answer:
The balance in the Investment in Lennon Co.account found in the financial records of Pacer as of December 31, 2008 was $2,071,500
Explanation:
In order to calcuate the balance in the Investment in Lennon Co.account found in the financial records of Pacer as of December 31, 2008 we would have to calculate the following formula:
Net balance=Investment made+share of net income-dividend
Investment made = $1,920,000
share of net income= $670,000*45%= $301,500
dividend= $2.5*60,000= $150,000
Therefore, Net balance= $1,920,000
+ $301,500
- $150,000
Net balance= $2,071,500
The balance in the Investment in Lennon Co.account found in the financial records of Pacer as of December 31, 2008 was $2,071,500
Answer:
The unit costs are $ 4.87 for 70 % Conversion Costs
The unit costs are $ 5.54 for finished goods
Explanation:
Total Materials cost = $ 115,080
Material Costs for one unit= $ 115,080/ 34000= $ 3.3847= $ 3.39
Conversion Costs= $ 72,072
Conversion Costs for one unit = $ 72072/34000 * 70%= $ 1.4838= $ 1.48
Total Cost per unit= $ 3.39 + $ 1.48= $ 4.87
Process Cost summary
Quantity Schedule
Materials = ($3.39 *34,000)= $ 115,080
Cost Added by Department: Total Cost Unit Cost
Materials= $ 115,080 $ 3.39
Conversion Costs
Labor + Overheads ( 1.48 * 34,000)= $ 50,320 $ 1.48
Units still in process ($ 72072- $ 50320) = $ 19,752 $0.58
Total cost to be accounted for $ 187,152 $ 5.54
Answer:
Option (A) is correct
Explanation:
Given that,
Free cash flow in Year 3, FCF3 = $40 million
FCF to grow at a constant rate, g = 5%
Weighted average cost of capital, WACC = 10%
Cost of equity = 15%
Therefore,
Horizon Value at year, t = 3:
= $ 840
Answer:
B
OSHA responds to complaints of unsafe work environments, and can fine or take negligent employers to court.
Explanation:
Answer:
Because the supply of land in upstate New York <u>perfectly inelastic</u>, buyers in upstate New York <u>economic rent</u> when they purchase their land.
Owners realize that the rental price of land is much lower in Upstate New York than in more densely populated areas like the Upper West Side of New York City. One of the possible explanations for this rent difference is that there is a low <u>demand for</u> land with low productivity.
Some land owners decide to build parking lots in the Upper West Side of New York City. The supply curve for land to be used for parking lots is <u>upward sloping</u>.
