Answer:
Target cost= $42.67
Explanation:
Giving the following information:
Top-selling price= $48
Desired profit margin= 12.5% profit margin on sales.
Its current full cost for the product is $44 per unit.
The company can't sell the product over $48 per unit. To obtain the profit margin required it must decrease the full cost per unit.
Target cost= 48/1.125= $42.67
Answer:
Explanation:
To find the fair value of bond we calculate the present value of future cashflows at 12% market rate.
No. of cashflows Cashflows Discount factor Present value
3 24000 2.401831268 57643.95044
1 600000 0.711780248 427068.1487
484712.0991
1) Entries
invest at amortized cost 600000
Asset 484712
Gain 115287.91
2) Amortization Schedule
Year Amount IRR 7% CR 4% Closing
1 600000 72000 -24000 648000
2 648000 77760 -24000 701760
3 701760 84211.2 -24000 761971
3)
Year-1
Cash 24000
Investment 48000
interest Income 72000
To record the interest income
Year-2
Cash 24000
Investment 53760
interest Income 77760
To record the interest income
Year-3
Cash 24000
Investment 60211
interest Income 84211
To record the interest income
year-3
Cash 761971
Investment 761971
To record the maturity of investment
Answer:
In this case, the amount of $20,000 represents the owner's equity.
Explanation:
Assets:
Assets are the items that are own by a business. Examples of assets are inventory, machinery, company owned vehicles etc.
Liabilities:
Liabilities are the items a business owes to others. Examples of liabilities are bank dept, taxes, mortgage debt etc.
Equity:
Owner's equity is also known as net assets refer to the owner share of assets when the liabilities are paid off.
The relation between Assets, liabilities and owner equity are represented in a equation as:
Assets = Liabilities + Owner Equity
Answer:
<u>Surface-level diversity.</u>
Explanation:
The display of surface-level diversity corresponds to different characteristics that are easily observed and easy to measure. These may be attributes of age, physical ability, gender, ethnicity, and others.
They are also divided as: social category diversity, demographic diversity, bio-demographic diversity and others.
Answer and Explanation:
The preparation of the operating activities section of the statement of cash flows for 2022 is presented below:
Cash flow from operating activities
Net income reported $189,230
Add: Depreciation expense $38,350
Add: Loss on disposal of plant asset $4,720
Less: increase in accounts receivable of -$14,800
Add: increase in accounts payable $16,380
Less: increase in prepaid expenses -$4,140
Cash flow provided by operating activities $229,740
The positive amount reflects the cash inflow and the negative amount reflects the cash outflow
