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amid [387]
3 years ago
11

For the current year ended October 31, Friedman Company expects fixed costs of $14,300,000, a unit variable cost of $250, and a

unit selling price of $380. a. Compute the anticipated break-even sales (units). units b. Compute the sales (units) required to realize income from operations of $2,405,000.
Business
1 answer:
charle [14.2K]3 years ago
8 0

Answer:

128,500 units

Explanation:

The computation of required to realize income from operations is shown below:-

Required sales in (units) = Target contribution margin ÷ contribution margin per unit

= (Fixed cost + target income from operations) ÷ (Selling price per unit - variable cost per unit)

= ($14,300,000 + 2,405,000) ÷ ($380 - $250)

= $16,705,000 ÷ $130

= 128,500 units

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buchanan corp. is refunding $15 million worth of 11% debt. the new bonds will be issued for 8%. the corporation's tax rate is 37
inna [77]

The bond coupon rate is the total interest rate that is used to calculate periodic charges made to bondholders. The bond coupon rate is further than the yield to maturity.

Net cost call premium = $567,000

<h3> Bond coupon rate </h3>

Option, D is correct.

The net expense of the call premium after taxes is $567,000.

Net cost call premium = Debt x Call premium x (1 - Tax rate)

Net cost call premium = $9,000,000 x 10% x (1 - 37%)

Net cost call premium = $900,000 x 0.63

Net cost call premium = $567,000

To know more about the bond coupon rate visit the link

brainly.com/question/22504216

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6 0
2 years ago
Carla Willis will invest $34,700 today. She needs $173,500 in 14 years. Click here to view factor tables What annual interest ra
Brut [27]

Answer:

12.18%

Explanation:

Present value = $34,700

Future Value = $173,500

Time (n) = 14 years

Interest Rate = i

Future Value = Present Value * (1+i)^n

$173,500 = $34,700 * (1 + i)^14

(1 + i)^14 = $173,500/$34,700

(1 + i)^14 = 5

1 + i = 5^(1/14)

1 + i = 1.1218284

i = 1.1218284 - 1

i = 0.1218284

i = 12.18%

So, the annual interest rate she must earn is 12.18%.

4 0
3 years ago
Equipment that cost $653000 and has accumulated depreciation of $280000 is exchanged for equipment with a fair value of $480000
Korolek [52]

Answer:

$50,600

Explanation:

Calculation for The gain to be recognized from the exchange is

Gain to be recognized= (12000+(12000/480000)*25300

Gain to be recognized= $50,600

Therefore The gain to be recognized from the exchange is $50,600

4 0
4 years ago
Cities with populations of more than 5,000 may adopt ______ that establish any organizational structure or program that does not
AlekseyPX

Any organizational structure or program that does not contravene state law or the constitution may be established by home-rule charters in cities with a population more than 5,000.

A home rule charter essentially creates the structure of the local government and lays out its rights and obligations. Home rule for a county or municipality allows for any activity that is not specifically forbidden by the state constitution, the General Assembly, or the charter itself.

Home rule charters

The Republic of Texas' establishment in 1836 marked the beginning of Texas' existence as a corporate entity. Both a small local area and a much bigger region were included in the municipalities that fell under Spanish and Mexican rule. At the commencement of the county's existence, the municipality During the republic's early years, the district was transformed into a county, and urban centers began to be incorporated, first by the Texas Congress and then, in 1845, by the state assembly. Early congressional and special legislative acts included charters and articles of incorporation, but all of these had to be explicitly approved by the central body because "home rule" had not yet been conceptualized.

More information on home rule charters can be found at brainly.com/question/18872286

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5 0
2 years ago
"If a loan of P dollars, at an interest rate of r percent per year compounded monthly, is payable in n monthly installments of m
atroni [7]

Answer:

John's monthly installment was 25% of Sue's monthly installment.

Explanation:

The problem gives us the following data:

Sue's monthly installment was 4 times John's monthly installment.

if we wrote this as an equation we would get that:

m_{S}=4m_{J}

where:

m_{S}= Sue's monthly installment

m_{J}= John's monthly installment

in order to find what percent of Johns monthly installment represented regarding Sue's monthly installment, we would need to find the following ratio.

percent=\frac{m_{J}}{m_{S}}*100\percent

Therefore:

percent=\frac{m_{J}}{4m_{J}}*100\percent

or:

percent=25%

If you wanted to use the given formula, you could also do that. Notice that the formula tells us that the monthly installments are proportional to the loan in dollars, so we get the following:

m=\frac{\frac{rP}{1,200}}{(1-(1+\frac{r}{1200})^{-n}}

so we can use it to build our ration:

\frac{m_{J}}{m_{S}}*100\percent=\frac{\frac{\frac{rP_{J}}{1,200}}{(1-(1+\frac{r}{1200})^{-n}}}{\frac{\frac{rP_{S}}{1,200}}{(1-(1+\frac{r}{1200})^{-n}}}*100\percent

Since most of the data remains constant and the monthly installments are proportional to the original amount of the loan, that ratio can be simplified to:

\frac{m_{J}}{m_{S}}*100\percent=\frac{P_{J}}{P_{S}}*100\percent

So, the problem tells us that the amount of Sue's loan was 4 times the amount of John's loan, so:

P_{S}=4P_{J}

so:

percent=\frac{P_{J}}{4P_{J}}*100\percent

or:

percent=25%

7 0
3 years ago
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