Question 2 of 64

Culver Company has completed all of its operating budgets. The sales budget for the year shows 50,180 units and total sales of $

liq [111]

Answer:

Net Income = $593,560

Explanation:

Cost of Goods Sold=sales unit × cost of sales per unit

= $23 × 50,180 = $1,154,140

Income statement December 31,2017

Particular Amount($)

Sales 2,273,600

Less:-Cost of goods sold (1,154,140)

Gross Profit 1,119,460

Less-Selling and Administrative Expenses (3,019,00)

Income from Operation 817,560

Less-Estimated Interest (10,000)

Income before Taxes 807,560

Less-Income Taxes (214,000)

Net Income 593,560

6 0

4 years ago

If there's some evidence to support each side's position, which side does m boigues say the arbitrator will rule for?

BigorU [14]

<span>
When you excersise, your target heart rate should be between 25% to 70% of your maximum heart rate. Your target heart rate r at 70% can be determined by the formula r=0.7(220-a) where a represents your age in years. Solve the formula for a.</span>

8 0

3 years ago

A/an ____ tort is committed on purpose.

Lisa [10]

I think it would be A

4 0

4 years ago

Read 2 more answers

We run a delivery service, and we believe our firm has market risk equally between that of UPS and FedEx. We know the following

mixer [17]

Answer:

The answer is "0.85 "

Explanation:

In order to locate a beta of the company, we must find the average beta of unlevered UPS and FedEx and find a levered beta of the company.

Price Outstanding shares(Billion) Market valu of equity(Billion) Market value of debt(billions) D/E Ratio

UPS 65 0.7 45.5 5 0.1099

FedEx 55 0.25 13.75 3 0.2182

$Unlevered \ beta= \frac{levered \ beta}{(1+((1- tax rate)\times(\frac{Debt}{Equity})))}$

taxes desn't matter , given in the question so, assumed to be 0

$Unlevered \ beta \ for \ UPS= \frac{0.8}{1+(1-0)\times (0.1099)}$

$= \frac{0.8}{1+(1)\times (0.1099)}\\\\= \frac{0.8}{1+(0.1099)}\\\\= \frac{0.8}{1.1099}\\\\=0.72$

$Unlevered \ beta \ for \ FedEx= \frac{1.1}{1+(1-0)\times (0.2182)}$

$= \frac{1.1}{1+(1)\times (0.2182)}\\\\= \frac{1.1}{1+(0.2182)}\\\\= \frac{1.1}{1.2182}\\\\=0.90$

$Average \ Unlevered \ beta = \frac{0.72+0.90}{2}$

$= \frac{1.62}{2}\\\\=0.81$

$\text{levered beta of the delivery service firm }= unlevered \ beta \times(1+(1-taxes) \times (\frac{debt}{equity}))$

$= 0.81 \times (1+(1-0)\times (\frac{20}{450})\\\\= 0.81 \times (1+(1)\times (0.04)\\\\= 0.81 \times (1+(0.04)\\\\= 0.81 \times (1.04)\\\\=0.85$

4 0

4 years ago

The consumer sales promotion that involves the use of a brand-name product in a movie, television show, video game, or a commerc

Marianna [84]

Answer:

The answer is option (C) product placement.

Explanation:

Product placement is a strategic advertising technique in which companies, firms and businesses subtly promote their products or brands through a non-traditional advertising technique such as appearance of the product or brand in films, video games, movies, television show or a commercial for another product.

In other words, companies, firms and businesses are said to have carried out product placement when they pay for their products or brands to appear or to be featured in films, video games, movies, television show or on a commercial for another product.

8 0

4 years ago