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3 years ago

The following items were among those reported on Lee Co.'s Income Statement for the year ended December 31, 20x5:

Business

1 answer:

coldgirl [10]3 years ago

4 0

Answer:

C. $410,000

Explanation:

Administrative and general expenses in Lee's multiple - step income statement is $410,000

i.e the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000

Note: General and Administrative expenses are incurred in the day-to-day operations of a business and are not tied to a specific function or department within the organisation.

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Craigmont Company's direct materials costs are $4,200,000, its direct labor costs total $8,080,000, and its factory overhead cos

USPshnik [31]

Answer:

$12,280,000.

Explanation:

All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.

Direct Material = $4,200,000

Direct labor = $8,080,000

Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000

Overhead costs are not classified as the prime cost because these are indirect costs.

4 0

3 years ago

What is the weighted average cost of capital (WACC) for ABC Limited which has the following capital structure? $5m of equity wit

katrin2010 [14]

The weighted average cost of capital (WACC) for ABC Limited is 12.63%

The weighted average cost of capital(WACC) of a firm is the average cost of finance incurred by the firm on all its sources of finance.

It is determined as the sum of the cost of each source of finance multiplied by their respective weights in the firm's capital structure.

By weights, I mean the percentage of funding each source contributes to the total finance available at the firm's disposal.

WACC=(weight of equity*cost of equity)+(weight of mezzanine finance*cost of mezzanine finance)+(weight of debt*cost of debt)

weight of equity=equity finance/total finance

cost of equity=15%

weight of mezzanine finance=mezzanine finance/total finance

cost of mezzanine finance=9.5%

weight of debt of finance=debt finance/total finance

total finance=$5m+$2m+$1m

total finance=$8m

WACC=($5/$8*15%)+($2/$8*9.5%)+($1/$8*7%)

WACC=12.63%

Find further guidance on weighted average cost of capital's computation in the link below:

brainly.com/question/25566972

#SPJ1

7 0

2 years ago

For example, in the high end segment analysis on the left, total demand is 2554 and next years growth rate is 16.2% next years d

Evgen [1.6K]

Answer:

2968

Explanation:

total demand is 2554

growth rate is 16.2%

Next year total demand = 2554 + growth (total demand x 16.2%)

= 2554 + 2554*16.2/100

= 2554 + 413.748

= 2967.748

= 2968

8 0

3 years ago

Read 2 more answers

Old Tired Professor Mullen, Inc. has $20,000 of ending (EI) finished goods inventory. If beginning (BI) finished goods inventory

Zolol [24]

Difference between beginning and ending CoG: 20,000-10,000 = 10,000

Difference + sold:

10,000 + 40,000 = 50,000

Answer: $50,000

3 0

3 years ago

Laredo advertises a reward for the return of his lost dog. Miguel, who does not know of the reward, finds and returns the dog, w

Makovka662 [10]

Answer:

b. did not know of the reward when he returned the dog.

Explanation:

Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.

Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.

This is a clear demonstration of being kind and get what you know.

So if you do not know the facts, you are on fault.

4 0

3 years ago