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3 years ago

10

Shauntae is 75 years old. he purchased a single life annuity contract that will pay him $3,000 per month for 10 years. the expec

ted return under the contract is:

1 answer:

bixtya [17]3 years ago

3 0

The answer is, 3,000x 12= 36,000
36,000 x 10 years = 360,000

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Assume straight-line depreciation and equal cash flows. A company plans to purchase equipment for $25,000. The equipment will ha

Allisa [31]

Based on the purchase price of the equipment and the increase in annual income, the accounting rate of return is 60%.

<h3 /><h3>What is the accounting rate of return?</h3>

This can be found by the formula:

= Average annual income - Average investment

The average investment is:

= Purchase price / 2

= 25,000 / 2

= $12,500

The accounting rate of return is:

= 7,500 / 12,500

= 60%

Find out more on the accounting rate of return at brainly.com/question/21276152.

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2 years ago

Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ4 at a price o

pychu [463]

Answer:

If the offer is accepted, the income will decrease in $7,500.

Explanation:

Giving the following information:

Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ4 for $5 each.

Unitary variable cost:

Direct Materials= $1.75

Direct Labor= $2.50

Variable Overhead= $1.50

1) Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

Accepting the offer:

Relevant cost= Unitary variable cost

Relevant cost= 1.75 + 2.5 + 1.50= $5.75

Relevant benefits= $5

2) Effect on income= 10,000*5 - 10,000*5.75= -$7,500

If the offer is accepted, the income will decrease in $7,500.

3 0

4 years ago

On January 1, 2020, Sandhill Co., a calendar-year company, issued $1840000 of notes payable, of which $460000 is due on January

mezya [45]

Answer:

The correct answer is Option C.

Explanation:

Current liabilities are those liabilities that become due and payable within a year or less than a year while long-term liabilities become payable after a year.

At the instance of the question, the note payable is a liability. Since $460,000 becomes payable on January 1 for each of the next four years out of the total of $1,840,000, it means $460,000 is a current liability while the remaining balance of $1,380,000 is long-term.

3 0

3 years ago

Which of the following best explains what a forward contract is?

KiRa [710]

Answer:A. A contract to deliver a praticular commodity to a buyer sometime in the future.

Explanation:

8 0

3 years ago

Read 2 more answers

Nuzum Corporation has two divisions: Division M and Division N. Data from the most recent month appear below: Total Company Divi

lisov135 [29]

Answer:

$ 183,544.30 = $ 183,544

Explanation:

Nuzum Corporation

Total Division M Division N

Sales $557,000 $254,000 $303,000

Variable expenses 144,910 81,280 63,630

Contribution margin 412,090 172,720 239,370

Traceable fixed expenses 273,000 128,000 145,000

Segment margin 139,090 44,720 94,370

Common fixed expenses 94,690 43,180 51,510

Net operating income $ 44,400 $ 1,540 $ 42,860

First we find the Segment CM ratio by the following formula:

Segment Contribution Margin Ratio= Segment Sales- Segment Variable Expenses/ Sales

Segment Contribution Margin Ratio= 303,000 -63630/303000

Segment Contribution Margin Ratio= 239370/303000=0.79

Then we find the break even sales in dollars.

Break Even Sales in Dollars= Traceable Fixed Expense/ Segment Contribution Margin Ratio

Break Even Sales in Dollars =145,000/0.79= $ 183,544.303

5 0

3 years ago