Answer:
<em>15,101.15 shares</em>
Explanation:
<em>Northwestern Lumber products has =17,500 shares of stock</em>
<em>The Manager Patricia considers issuing $135,000 of debt, at an interest rate of 6.6%</em>
<em>Let us find how many shares of stock will be outstanding once the debt is issued,</em>
<em>Given that </em>
<em>$65,000/17,500 = ($65,000 − 135,000(.066))/X
</em>
<em>Then X = 15,101.15 shares</em>
Answer:
Our answer is E 114,420
Explanation:
Production budget:
Jan Feb Mar
Budgeted sales units 40000 37000 34000
Add: Ending inventory 12950 11900
Total requirement 52950 48900
Less: Beginning inventory 14000 12950
Budgeted production units 38950 35950
Purchase budget of Box:
Jan Feb
Budgeted production 38950 35950
Bx required per unit 3 3
Total requirement of Boxes 116850 107850
Add: Ending inventory 21570
Total boxes needed 138420
Less: Beginning inventory 24000
Budgeted Purchase boxes 114420
Answer is E. 114420
Answer:
D) M2 is the best definition of money as a medium of exchange.
Explanation:
M2 includes all M1 plus some broader types of money which represent near money such as savings accounts, money market securities, mutual funds, small denomination time deposits (CDs worth less than $100,000). These are classified as ear money because they can be easily and quickly converted into currency (cash) or checking account deposits.
Answer:
7.28%
Explanation:
For this question we use the RATE formula that is shown in the attachment below:
Provided that
Present value = $1,075
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 8% ÷ 2 = $40
NPER = 20 years × 2 = 40 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the coupon rate is
= 3.64% × 2
= 7.28%
Answer:
Pine Street should sell finished bookcases because they have a higher contribution margin.
Explanation:
We compare the contribution margin of the two categories to find out whether Pine Street should sell unfinished or finished bookcases.
Pine Street Inc.
Unfinished bookcases
Contribution Margin
Sales Price $58.10
Less Production costs
Variable Costs $37.49
<u>Fixed Costs $10.50 (47.99)</u>
<u>Contribution Margin $ 10.11</u>
Pine Street should sell finished bookcases because they have a higher contribution margin. It is almost double of the unfinished book cases contribution margin.
Pine Street Inc.
Finished bookcases
CONTRIBUTION MARGIN
Sales Price $74.91
Less Production costs
Variable Costs $37.49 + $5.79 = $ 43.28
<u>Fixed Costs $10.50 $ (53.78)</u>
<u>Contribution Margin $ 21.13</u>
