Answer:
$70,707
Explanation:
Given that,
Sales (3,300 units) = $ 128,700
Variable expenses = $65,637
Contribution margin = $63,063
Fixed expenses = $47,900
Net operating income = $15,163
Contribution margin per unit:
= Sales revenue per unit - Variable cost per unit
= ($ 128,700 ÷ 3,300) - ($65,637 ÷ 3,300)
= $39 - $19.89
= $19.11
If the company sells 3,700 units,
Total contribution margin:
= Contribution margin per unit × Number of units sold
= $19.11 × 3,700 units
= $70,707
The answer is D. an exchange of currencies happens when you "trade" one currency for another, which can also be thought of buying one currency in the form of another currency.
So for example, if you were going to exchange the US Dollar for Mexican Pesos, the exchange rate is 1 USD to 17 MXN. Therefore, to get 17 MXN, you need to pay 1 USD.
Does that make sense?
Answer:
Cost of merchandise purchase for May = $500,000
Explanation:
Provided information,
Sales for the month = $900,000
opening inventory = $50,000
Closing inventory = $55,000
Gross margin on sales = 45% of sales
Cost of goods sold = 100 - gross margin = 100 - 45% = 55%
Thus, cost of goods sold = $900,000 
55% = $495,000
Therefore, purchase for the month = Cost of goods sold + Closing - Opening
= $495,000 + $55,000 - $50,000 = $500,000
Answer:
I will pay $1,207.56 for this bond.
Explanation:
Price of the bond is the present value of all cash flows of the bond. Price of the bond is calculated by following formula:
According to given data
Coupon payment = C = $37.5
Number of periods = n = 4 x 15 years = 60 periods
Current Yield = r = 12% / 4 = 3% semiannually
Price of the Bond = $37.5 x [ ( 1 - ( 1 + 3% )^-60 ) / 3% ] + [ $1,000 / ( 1 + 3% )^60 ]
Price of the Bond = $37.5 x [ ( 1 - ( 1.03 )^-60 ) / 0.03 ] + [ $1,000 / ( 1.03 )^60 ]
Price of the Bond = $1,037.83 + $169.73
Price of the Bond = $1,207.56
Answer:
1.True
2.False
3.True
Explanation:
1) Meekertownian consumers were better off without free trade than they were before.
-True
As the world price is higher than in Meekertown, opening up to international trade will align goods prices to that of in the world market. Since world price is higher, meeker price will go up and consumers will have to pay more.
2) Meekertownian producers were worse off without free trade than they are with it.
-False
World meeker price is higher than in Meekertown domestic market. So opening up of the market to international trade will provide an opportunity to producers to export to the world market.
3) When a country is too small to affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.
-True
Free trade creates a surplus in the market because of efficient production and market forces.
When a country is too small to affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade
