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Vadim26 [7]
3 years ago
6

How much will you save if you buy an item listed at $175.50 at a 35 percent discount?

Business
2 answers:
AVprozaik [17]3 years ago
6 0

Answer

The saving be $61.43 .

Explanation:

As given

if you buy an item listed at $175.50 at a 35 percent discount .

35% is written in the decimal form.

= \frac{35}{100}

= 0.35

Saving  = 0.35 × Cost of item

Putting the values in the above

Saving  = 0.35 × 175.50

            = $ 61.43 (Approx)

Therefore the saving be $61.43 .

posledela3 years ago
3 0
C.) $61.43, x over 175.5 = 35 over 100. Cross multiply 175.5 by 35 and then divide over 100. You are left with $61.425, hope this helps.
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You hear on the news that the​ S&P 500 was down 2.6 % today relative to the​ risk-free rate​ (the market's excess return was
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Answer:

a.

Excess return for Zynga today will be -3.38%

b.

Excess return on P&G today will be -1.04%

Explanation:

The excess return is the return earned above/beyond the benchmark return. This benchmark can be set at either the risk free rate or any other stock or portfolio's return.

The return on a stock is usually calculated using the CAPM equation. The CAPM considers risk free rate, the return on market and the stock's beta to calculate the expected return on a stock.

The market always has a beta of 1. Beta is the measure of the volatility of stock returns. If the excess return on the market falls or rises, the effect of this on a stock's excess return will be based on its beta.

a.

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b.

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8 0
3 years ago
Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000,
Kobotan [32]

Answer:

b) $113,000

Explanation:

For the computation of net income under absorption costing first we need to follow some steps which is shown below:-

variable overhead per unit = $105,000 ÷ 35,000

= $3 per unit

The Variable cost of production per unit

Particulars                       Amount

Direct material                  $19.00

Direct labor                       $21.00

Variable overhead           $3.00

Variable cost of production

per unit                              $43.00

Cost per unit of finished goods under absorption costing

Particulars                             Amount

Total direct material cost $665,000

($19 × 35000)

Total direct labor              $735,000

($21 × 35000)

Total variable overhead $105,000

Total fixed overhead       $175,000

Total                                 $1,680,000

Units in finished goods = Number of units produced - units sold

= 35,000 - 21,000

= 14,000

Cost of finished goods under variable costing

= Variable cost of production per unit × Number of units in finished goods

= $43 × 14,000

= $602,000

Cost of goods sold

= Production cost - Finished goods  cost

= $1,680,000 - $602,000

= $1,078,000

Income statement under absorption costing

Particulars                        Amount

Sales revenue                $1,491,000

($71 × 21,000)

Less: cost of goods sold -$1,078,000

Gross Profit                      $413,000

Less : operating expenses -$300,000

Net operating income          $113,000

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A share of common stock just paid a dividend (D0) of $1.50. If the expected long-run growth rate for this stock is 5%, and if in
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Answer:

Current stock price = $24.23

Explanation:

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P0 = Current Market price of the share

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Ke = Cost of equity = 11.5% p.a

D1 = Expected dividend = $1.50 (1 + 0.05)= $1.575

P0 = $1.575 / (11.50% - 5.0%)

Current stock price = $24.23

8 0
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