Answer:
b.$6.00
Explanation:
The contribution margin is the difference between the sales and variable cost. The difference between the unit sales and unit variable cost thus gives the contribution margin per unit.
Total variable cost per unit includes both direct and indirect cost.
variable cost per unit = $1.50 + $1.20 + 0.90 + 0.40
= $4.00
contribution margin per unit
= $10.00 - $4.00
= $6.00
Answer:
Nov 1 Cash $2,300,000 Dr
Notes Payable $2300,000 Cr
Dec 31 Interest Expense $34,500 Dr
Interest Payable $34,500 Cr
Explanation:
The interest is payable at maturity that is at the start of May as the nite is for six months. However, at the end of the period the adjusting entry will be made. On 31 December the 2 months interest is accrued. The expense relates to this period so will be recorded as an expense and as a payable.
The 9% is the annual rate.
the annual Interets is 2300000*0.09 = 207000
So, the 2 month interest will be = 207000 * 2/12 = 34500
Answer:
B : 732.54
Explanation:
1. 4.65% over 100% times with 699.99 = 32.55
2. plus 32.55 with 699.99
I believe the correct answer from the choices listed above is option 2. A certificate of debt issued by corporations and governments is called a bond. It <span> is a document that states the details of the </span>bond<span> including the </span>bond<span> issuer's name, the </span>bond<span> par value or face amount, the interest rate, and the maturity date. Hope this answers the question.</span>
Answer:
7.08%
Explanation:
For computing the pretax cost of debt we have to use the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $1,000 × 107% = $1,070
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 8% ÷ 2 = $40
NPER = 11 years × 2 = 22 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
After applying the above formula, the pretax cost of debt is
= 3.54% × 2
= 7.08%