Answer:
<u>Cullumber Co.</u>
<u>Comprehensive income statement for the month ended January 2022.</u>
$
Sales revenue 400,000
Less Sales returns and allowances (17,000)
Net Sales 383,100
Less Cost of goods sold (201,500)
Gross Profit 181,500
Less Expenses
Rent expense 33,900
Sales discounts 10,000
Freight-out 6,300
Insurance expense 13,400
Salaries and wages expense 61,200
Income tax expense 5,300 (130,100)
Profit for the Year 51,400
Other comprehensive income 2,000
Total Comprehensive income 53,400
Explanation:
The Comprehensive income statement for the month ended January 2022 has been prepared above.
Answer:
A
Explanation:
Harriet isnt their official child nor their relative.
Answer:
Explanation:
Weighted Average Cost of Capital; formula is as follows;
WACC = wE*re + wP*wp + wD*rd(1-tax)
where w= weight of...
r = cost of ...
E= common equity
P = preferred stock
D = Debt
Find the weights of each source of capital;
WACC = (0.50*0.17) +(0.20*0.03) + [0.20*0.04(1-0.40)] +[0.10*0.07(1-0.40)]
WACC = 0.085 +0.006 + 0.0048 + 0.0042
WACC = 0.1 or 10%
PW = 3000×(((1.09^4)-1)÷(.09×1.09^4) + 9000×1.09^-5 = $15568.50
Answer:
4) $234.25
Explanation:
First, we have to find out the monthly interest payment which is shown below:
= (Starting balance of January month × interest rate) ÷ total number of years in a year
= ($150,000 × 3.25%) ÷ 12 months
= $406.25
The total monthly payments is $640.50
So, the first payment would be
= Total monthly payments - monthly interest payment
= $640.50 - $406.25
= $234.25
