What is the reason for a student to use a career assessment for

Kevin bought 265 shares of Intel stock on January 1, 2019, for $76 per share, with a brokerage fee of $165. Then, Kevin sells al

garri49 [273]

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share = $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase = $20,305

Cost to sell = $215(brokerage fee)

3 0

3 years ago

The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achi

nata0808 [166]

Answer:

Margin Of Safety= $275,862

Explanation:

We can calculate the margin of safety easily by the formula given below

Formula: Margin of safety = Budgeted sales - Breakeven sales

As breakeven sales are not given in the data Firstly we need to find out break even sales in order to calculate margin of safety

Breakeven sales= $\frac{Total fixed cost}{Contribution margin ratio}$

As you can see in the data fixed cost s given but contribution margin ratio is not

Contribution margin(Sales revenue - All variable cost)= $1,000,000 - ($270,000 + $240,000 + $150,000 + $50,000) = $1,000,000 - $710,000 = $290,000

Sales price per unit = Total sales/Number of units sold

Sales price per unit= $1,000,000/50,000 = $20

Budgeted contribution margin= $290,000/50,000 = $5.80

Contribution margin ratio = Budgeted contribution margin per unit/Sales price per unit

Contribution margin ratio = $5.80/$20 = 29%

Lets put values in breakeven formula to find breakeven sales

Breakeven sales= $\frac{Total fixed cost}{Contribution margin ratio}$

Breakeven sales= $\frac{210000}{0.29}$

Breakeven sales= $724,138

Now we have both budgeted sales and breakeven sales, we can easily calculate e of safety

Margin of safety = $1,000,000- $724,138

Margin of safety = $275,862

7 0

4 years ago

What is the simplest layout for a cover letter? I need one for a resume but I don`t know how to write one.

Delvig [45]

Answer:

This is a short and direct template I used to get my job, and it works pretty well.

Explanation:

5 0

3 years ago

Walter is a chemistry teacher who earns $50,000 per year, while Jesse is unemployed. Both Walter and Jesse want to go back to sc

katrin2010 [14]

Answer:

No, their economic cost of enrolling in the business program is not the same for both,

Explanation:

The explicit costs of going back to college are the same for Walter and Jesse, e.g. they might be $20,000 per year, or even $30,000 doesn't matter for this analysis. But Walter is currently working as a teacher and that means taht if he decides to go to college, his implicit costs will include the forgone salary as a teacher which is $50,000 per year. Implicit costs are opportunity costs, i.e. additional costs or benefits lost from choosing one activity or investment instead of another alternative.

Since Jesse is not working, whether she goes back to college or not will not affect her income, it will still be $0, but if Walter goes back to college he will lose his salary.

6 0

3 years ago

The point at which the supply curve and the demand curve intersect is called: irrelevant, because real-world prices never reach

lyudmila [28]

Answer:

The correct answer is letter "B": equilibrium, because quantity demanded equals quantity supplied so there is no tendency for price to change.

Explanation:

Equilibrium is a state in which supply and demand match. Plotted in a graph, equilibrium happens when the <em>curves of price and demand intersect</em>. Consumers are getting the number of goods they want, suppliers sell their goods, and <em>prices are becoming stable</em> at this point.

7 0

3 years ago