Answer:
The multiple choices are:
a. $1132
b. $1044
c. $ 962
d. $1153
e. $ 988
The correct option is C,$962
Explanation:
The price a rational and prudent investor like me would be willing to pay for the bond today is the present worth of future cash inflows receivable from the bond issuer,which comprises of annual coupon interest and the face value at maturity.
=-pv(rate,nper,pmt,fv)
rate is required rate of return expected by investor of 10%
nper is 5 years since the investor intends to hold the bond for 5 years
pmt is the annual coupon interest=$1000*9%=$90
fv is the face value of $1000
=-pv(10%,5,90,1000)=$962.09
The current price is $962
Calculate total variable cost by multiplying the cost to make one unit of your product by the number of products you've developed. For example, if it costs $60 to make one unit of your product, and you've made 20 units, your total variable cost is $60 x 20, or $1,200.
Hope this helps have a great day :)
Answer:
b. Prestopino had negative net income in the current year
Explanation:
Retained earnings at the end of previous year were $700,000, but retained earnings at the end of current year had declined to $320,000.
• The company does not pay dividends.
• The company's depreciation expense is its only non-cash expense; it has no amortization charges.
• The company has no non-cash revenues.
• The company's net cash flow (NCF) for current year was $150,000.
On the basis of this information, which of the following statements is CORRECT? Prestopino had negative net income in the current year
Prestopino DECPRECIATION expense in the current year was less than $150,000 and Prestopino had postive net income in the currnet year however, this income was less than it was in the previous year income.
Prestopino NCF in the current year must be higher than its NCF in the previous year and it cash on the balance at the end of the year must be lower than the cash it had on the balance sheet at the end of previous year
Answer:
4,140 U
Explanation:
According to the scenario, calculation of the given data are as follows,
Actual Hours = 2,820 hours
Standard rate = $23 per hour
Standard direct labor hour = 0.3 hours
We can calculate labor efficiency variance by using following formula,
Labor Efficiency Variance = Actual hours standard cost - Standard cost
Where, Actual hours standard Cost = Actual hours × Standard rate
= 2,820 × 23
= 64,860
Standard Cost (8,800 units) = Standard hours (8,800 units) × Standard rate
= (8,800 × 0.3) × 23
= 60,720
Hence, by putting the value in the formula, we get
Labor Efficiency Variance = 64,860 - 60,720
= 4,140 U
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Units produced= 600
Direct materials $30 per unit
Direct labor $13 per unit
Variable manufacturing overhead $6 per unit
Fixed manufacturing overhead $17,800 per year
Ending inventory= 600 - 400= 200 units
Under absorption costing, the fixed overhead costs get allocated to the product cost. First, we need to calculate the unitary fixed overhead cost:
Unitary fixed overhead= 17,800/600= $29.67
Now, we can determine the total unitary cost:
Unitary cost= direct material + direct labor + total overhead
Unitary cost= 30 + 13 + (6 + 29.67)= $78.67
Ending inventory= 200*78.67= $15,736
