Answer: The answer is $2,759.22
Explanation: From the question above, we have:
September 1st to January 1st is 4 months, this is 1/3 of a year which means that the student will earn:
=> 9/3 = 3%
3% interest for the money that is saved is the savings account. So the student must put in at least:
x + 3%x = 1400
x + 0.03x = 1400
1.03x = 1400
x = 1400 / 1.03
x = 1,359.22
Therefore, if the student saves $1,359.22 in the savings account By September 1st, she will have $1400 by January 1st.
Also, the student needs to make $1400 for the first semester. So overall she will need to make:
1,400 + 1,359.22 = $2,759.22 during the summer in order to ensure that she will have enough money to pay for both semesters.
Answer:
a. $365,000
b. $346,800
Explanation:
The computations are shown below:
a. For product cost:
= Direct materials used + Direct labor + manufacturing overhead
where,
Manufacturing overhead = Indirect labor + Property taxes, factory + Depreciation of production equipment
= $45,000 + $18,900 + $42,200
= $106,100
So, the product cost would be
= $168,100 + $90,800 + $106,100
= $365,000
b. For period cost
= Marketing salaries + Administrative travel + Sales commissions + Advertising
= $51,700 + $100,800 + $50,000 + $144,300
= $346,800
Answer:
2190 ; 2560 ;
$778.2
Explanation:
Total worth of gasoline sold = 16003.50
Cost of regular = 3.30
Cost of premium = 3.45
Let :
premium Gallon sold = x
Regular gallon sold = 370 + x
Hence, mathematically;
(3.45*x) + (3.30 * (x + 370)) = 16003.50
3.45x + 3.30x + 1221 = 16003.50
6.75x = 16003.50 - 1221
6.75x = 14782.5
x = 14782.5 / 6.75
x = 2190
Premium Gallon sold = 2190 gallons
Regular gallon sold = 2190 + 370 = 2560 gallons
Profit per regular gallon sold = $0.15
Progit per premium Gallon sold = $0.18
Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2
Answer:
$56,950
Explanation:
We will calculate the operating cash flow as follow;
OCF = {[($55 - $28.62) 8,500 ] - $170,000} × (1 - 0.35) + ($62,000 × 0.35)
= {[$224,230] - $170,000} × 0.65 + ($21,700)
= $35,249.5 + $21,700
= $56,950
Therefore, the operating cash flow is $56,950