Answer:
The company will have financial advantage as it is able to generate more revenue then earlier. The company can benefit from increase of fixed selling expense by selling more units and generating more profits.
Explanation:
If Andretti company produces and sells 89,000 daks at $44 per dak then it can generate revenue of $3,916,000.
If the company increases the selling expense it can increase the sales by 35% above the current level of 89,000, the company can sell 120,150 units at $44 per unit which generates the revenue of $5,286,600. There will be additional selling expense of $140,000. The net gain to the Andretti company after the increase of sales will be 5,146,000 ($5,286,600 - $140,000).
There is net gain to to company of $1,230,000 ($5,286,600 - $3,916,000)
The low-risk type of portfolio that a young investor must choose would be a portfolio with "<span> a portfolio with a high percentage of conservative mutual funds." By definition, is a group of assets, stocks, and bonds that are in possession of an investor for the funding of mutual funds agreed.</span>
Answer:
$2,141.16
Explanation:
The formula and the computation of the future value is shown below:
Future value = Present value × (1 + rate)^number of years
where,
Present value = $1,600
Rate = 6%
Number of years = 5 years
So, the future value
= $1,600 × (1 + 0.06)^5
= $1,600 × 1.3382255776
= $2,141.16
Hence, the future value is $2,141.16
We simply applied the above formula to determine the future value
It can be deduced that a situation where the borrower is personally liable for a debt obligation when buying a home is known as a recourse loan.
<h3>What is a recourse loan?</h3>
It should be noted that a recourse loan simply means a situation when the borrower is personally liable for payment of all amounts that are due under the terms of the note.
In this situation, when a property that is encumbered by a mortgage is sold for an amount that is more than the value of the mortgage, then the mortgagor will not be obligated to pay the mortgagee the balance that's remaining.
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Answer:
$17,667
Explanation:
Premium on bonds
= $454,000 - $450,000
= $4,000
Cash interest paid
= $450,000 × 8% × 6/12
= $18,000
Amortization of premium for each period
= $4,000 ÷ 12
= $333
Therefore,
Interest expense
= $18,000 - $333
= $17,667