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pogonyaev
3 years ago
8

You sell $4,000 per week in bags of dog food at 30% margin. You sell $3,000 per week in dog toys at 45% margin. Which generates

more margin for you?
Business
1 answer:
nika2105 [10]3 years ago
5 0
The dog toys big man boss
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Primer Company acquired an 80% interest in SealCoat Company on January 1, 2013, for $450,000 cash when SealCoat Company had comm
KATRIN_1 [288]

Answer:

b) $665,000.

Explanation:

Primer income: $625,000

SealCoat income: $50,000

Primer interest in SealCoat is 80% therefore primer is a parent company to SealCoat and is entitled to $40,000 (80%*$50,000) on SealCoat income.

Therefore, consolidated net income for 2013 is: $665,000 (625,000+40000)

3 0
3 years ago
Dalton Industries makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% P
sladkih [1.3K]

Answer:

The firm's budgeted payments in March is $206,500

Explanation:

The purchase pattern is categorized into three percentage  : 25%, 55% , and 20%

Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

= 25% of march month + 55% of February month + 20% of January month

= 25% × $240,000 + 55% × $190,000 + 20% × $210,000

= $60,000 + $104,500 + $42,000

= $206,500

Thus, the firm's budgeted payments in March is $206,500

5 0
3 years ago
You buy a call option and a put option on general electric. both the call option and the put option have the same exercise price
viktelen [127]
This strategy is called a LONG STRADDLE. A long straddle refers to the combination of buying a put and a call option both of which have the same strike price and expiration date. A trader that uses long straddle technique is trying to protect his interest in regard to the volatility of the item he has bought.
3 0
3 years ago
On December 31, 2020, Lipton, Inc. sold $3,000,000 (face value) of bonds. The bonds are dated December 31, 2020, pay interest an
Arisa [49]

Answer:

Lipton, Inc.

1. Stated interest = Annual interest/Face value of bonds * 100

= $240,000/$3,000,000 * 100

= 8%

2. The market interest rate for this bond issue = Interest Expense/Price of issued bonds * 100

= $263,250/$2,925,000 * 100

= 9%

3. The selling price of the bonds as a percentage of the face value

= $2,925,000/$3,000,000 * 100

= 97,5%

4. Journal Entries:

Date                Account Titles and Explanation    Debit          Credit

Dec 31, 2020 Cash                                           $2,925,000

                       Bonds Discounts                              75,000

                       Bonds Payable                                               $3,000,000

To record the issuance of the bonds at a discount.

5.   Journal Entries:

Date                Account Titles and Explanation    Debit          Credit

Dec 31, 2021  Interest Expense                         $263,250

                      Amortization of bond discounts                      $23,250

                      Cash                                                               $240,000

To record the payment of interest and amortization of discount.

Explanation:

a) Data and Calculations:

December 31, 2020

Face value of issued bonds = $3,000,000

Interest payment = December 31 annually

Unamortized Amount = $75,000

Price of issued bonds = $2,925,000 ($3,000,000 - $75,000)

Discount on bonds =           $75,000 ($3,000,000 - $2,925,000)

Schedule:

2020 Annual Interest Interest Expense Amortization Bond Carrying Value

                                                                                                $2,925,000

1            $240,000           $263,250           $23,250               2,948,250

1. Stated interest = Annual interest/Face value of bonds * 100

= $240,000/$3,000,000 * 100

= 8%

2. The market interest rate for this bond issue = Interest Expense/Price of issued bonds * 100

= $263,250/$2,925,000 * 100

= 9%

3. The selling price of the bonds as a percentage of the face value

= $2,925,000/$3,000,000 * 100

= 97,5%

Analysis:

December 31, 2020:

Cash $2,925,000 Bonds Discounts $75,000 Bonds Payable $3,000,000

December 31, 2021:

Interest Expense $263,250 Amortization of bond discounts $23,250 Cash $240,000

6 0
2 years ago
A stock price is currently $40. It is known that at the end of 1 month it will be either $42 or $38. The risk-free interest rate
mafiozo [28]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
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