Smaller bags of items are generally lower priced per unit than larger bags

After getting her degree in marketing and working for 5 years for a large department store, Sally started her own specialty shop

alekssr [168]

Answer:

$3,751.90

Explanation:

we must find the present value of both alternatives

alternative 1, keep paying $1,000 per month for 60 months

present value = monthly payment x PV annuity factor

monthly payment = $1,000

PV annuity factor = [1 - 1/(1 + 0.9167%)⁶⁰ ] / 0.9167% = 45.9136

present value = $1,000 x 45.91361 = $45,991.36

alternative 2, pau $1,050 per month for 54 months starting after 6 months

monthly payment = $1,050

PV annuity factor = [1 - 1/(1 + 0.9167%)⁵⁴ ] / 0.9167% = 42.4406

present value in 6 months = $1,050 x 42.4406 = $44,562.63

present value today = $44,562.63 / 1.055 = $42,239.46

Sally's net worth increases by $45,991.36 - $42,239.46 = $3,751.90

4 0

2 years ago

Tickets for a concert cost $35 for balcony seats and $75 for floor seats. Tickets at the same venue for a theatrical production

Stella [2.4K]

The capacity of seats at a venue has to be determined by putting the data in an equation.

Given:

Price of balcony seat for a concert is $35

Price of floor seat for a concert is $75

Price of balcony seat for a theatrical production is $25

Price of floor seat for a theatrical production is $60

Revenue of concert at full capacity is $27,750

Revenue of theatrical production at full capacity is $21,750

<h3>Equation</h3>

By putting the data of a concert and the data of a theatrical production in the equation to found that the equation as follows:

35 x 75 y = 27,750. 25 x 60 y = 21,750.

Elaborating further, the data given for the concert at full occupancy is balcony seat $35 and floor seat $75 which generates the revenue of $27,750, is matching completely with the first part of equation.

Similarly, the data given for a theatrical production at full occupancy is balcony seat $25 and floor seat $60 which generates the revenue of $21,750, is matching completely with the second part of equation.

Hence the system of equations which can be used to find the number of floor seats and balcony seats of the venue is OPTION B is correct i.e. 35 x 75 y = 27,750. 25 x 60 y = 21,750.

Learn more about the equations here:

brainly.com/question/2263981

7 0

1 year ago

Read 2 more answers

Copper Corporation, a C corporation, had gross receipts of $25 million in 2015, $26 million in 2016, and $23 million in 2017. Go

Aleksandr [31]

Answer:c. Both Copper Corporation and Gold Corporation.

Explanation:Cash accounting is an accounting method in which payment receipts are recorded during the period they are received, and expenses are recorded in the period in which they are actually paid. In other words, revenues and expenses are recorded when cash is received and paid, respectively.

Generally, a small business can use either the overall cash method of accounting or an overall accrual method of accounting. ... The overall cash method of accounting is available for S corporations, partnerships that do not have a C corporation as a partner, and personal service corporations (PSCs).

4 0

3 years ago

Read 2 more answers

The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $25,000. There a

kvv77 [185]

Answer:

$9.79

Explanation:

The computation of the net asset value of the fund is shown below:

Net asset value of the fund = Equity ÷ Total outstanding shares

where,

Equity

= Total assets - total liabilities

where,

Total assets equal to

= 220,000 shares × $35 + 320,000 shares × $40 + 420,000 shares × $15 + 620,000 shares × $20

= $7,700,000 + $12,800,000 + $6,300,000 + $12,400,000

= $39,200,000

And, liabilities is $25,000

So, the net asset value of the fund equal to

= ($39,200,000 - $25,000) ÷ (4,000,000 shares)

= $9.79

7 0

2 years ago

The Assembly Department produced 1,000 units of product during March. Each unit required 1.25 standard direct labor hours. There

frutty [35]

Answer:

Debit Work in process for $15,625

Debit Direct labor time variance for $625

Credit Direct labor rate variance for $650

Credit Wage payable for $15,600

Explanation:

Before preparing the journal, the following calculations are done first:

Wage payable = Actual hours * Actual rate per hour = 1,300 * $12 = $15,600

Direct labor time variance = (Actual hours - Standard hours) * Standard direct labor rate = (1,300 - (1,000 * 1.25)) * $12.50 = $625 Unfavorable

Note: Direct labor time variance is Unfavorable because Actual hours is greater than Standard hours.

Direct labor rate variance = (Actual rate - Standard rate) * Actual hours = ($12 - $12.50) * 1,300 = -$650 Favorable

Note: Direct labor rate variance if Favorable because Actual rate is lower than the Standard rate.

Work in process = Wage payable + Absolute value of direct labor rate variance - Direct labor time variance = $15,600 + $650 - $625 = $15,625

The journal entries will now look as follows:

<u>Date Particulars Debit ($) Credit ($) </u>

Mar. 31 Work in process 15,625

Direct labor time variance 625

Direct labor rate variance 650

Wage payable 15,600

<u><em> (To record the direct labor in the Assembly Department.) </em></u>

4 0

2 years ago