Answer:
$34,100
Explanation:
The interest on the installment note for the first year is a function of both the face value of the note and interest rate of 11%
Interest expense on the first annual payment=$310,000*11%
Interest expense on the first annual payment=$34,100
The amount principal repayment in respect of the first annual payment is the amount of payment which is $52,639 minus the interest portion of the payment.
The Principal portion of the first payment=$52,639-$34,100=$18,539
Answer:
The correct answer to the following question is that Sara will not receive any dividend income .
Explanation:
Sara has bought the Plyler cabinets share ( 500 ) on Friday, May 29 but the plyler cabinets had declared dividend of $1.20 on a share on May 15, and the holders will get dividend on June 1 , which means she has bought the shares after the ex dividend date ( after 15th May ) so she will not receive any dividend income .
Answer:
-$30,250 favorable
Explanation:
labor efficiency variance = (standard quantity - actual quantity) x standard labor cost
- actual quantity = 7,700 hours
- standard quantity = 9.9 hours x 1,000 units = 9,900
- standard labor cost = $13.70
labor efficiency variance = (7,700 - 9,900) x $13.70 = -$30,250 favorable variance
the variance is favorable, because less hours were actually used than forecasted
Answer:
The Mountaintop should charge a price of $90.1 for a round of golf.
Explanation:
Return required per golfer = (47000000*12%)/400000
= $14.1
Price to be charged = 14.1 + 16 + (24000000/400000)
= $90.1
Therefore, The Mountaintop should charge a price of $90.1 for a round of golf.
