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3 years ago

How can you estimate the total sales volume you can expect in your location?

1 answer:

4 0

How can you estimate the total sales volume you can expect in your location? You can forecast your sales by figuring out your market. Depending on your market you can estimate how mant people are likely to purchase your product and how often. By using market trends and product testing it allows for a forecast of total sales over time and can let a business know how much to produce so that they are meeting demand.

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A company purchased a computer system at a cost of $24,000. The estimated useful life is 7 years, and the estimated residual val

Inga [223]

Answer:

Depreciation expense (year 2) = $4,898

Explanation:

Depreciation rate as double-declining balance method:

Depreciation rate = $\frac{100}{UsefulLife}$

Depreciation rate = $\frac{100}{7}$ ×2

Depreciation rate = 28.6%

Depreciation expense (year 1) = Cost×Depreciation rate

Depreciation expense (year 1) = $24,000×28.57%

Depreciation expense (year 1) = $6,856.8

Book value (year 1) = Cost - Depreciation expense (year 1)

Book value (year 1) = $24,000 - $6,856.8

Book value (year 1) = $17,143.2

Depreciation expense (year 2) = Book value (year 1)×Depreciation rate

Depreciation expense (year 2) = $17,143.2×28.57%

Depreciation expense (year 2) = $4,898

4 0

3 years ago

The Lunch Counter is expanding and expects operating cash flows of $32,500 a year for three years as a result. This expansion re

Elena-2011 [213]

Answer:

NPV = $40,952.46

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = $-28,000

Cash flow in year 1 to 3 = $32,500 - $2,800 = $29,700

I =14%

NPV = $40,952.46

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0

4 years ago

Jessica is a U.S. Army Reservist and in 2020 traveled 130 miles each way to serve duty at a local military installation. She was

Zepler [3.9K]

Answer:

AGI Deduction = 580.8 US dollars.

Explanation:

Solution:

Data Given:

Miles traveled = 130 miles

Reporting Period = 4 times in 2020

Cost from home to base = $1.75 toll each way.

Jessica's for AGI deduction for these costs is:

First, we need to find the travel amount:

Travel amount = Miles x Reporting Period x 2 x Mileage rate for deduction

Here, mileage rate for deduction = 0.545 per mile. So,

Travel Amount = 130 miles x 4 times x 2 x 0.545

Travel Amount = 566.8 US dollars.

Now, we need to find the Jessica's Toll Expenses.

Toll Expenses = 1.75 x 2 x 4 times

Toll Expenses = 14 US dollars.

Finally, we can find the required AGI Deduction:

AGI Deduction = Travel Amount + Toll Expenses.

AGI Deduction = 566.8 US dollars + 14 US dollars

Hence, Jessica's AGI deductions are:

AGI Deduction = 580.8 US dollars.

3 0

3 years ago

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

luda_lava [24]

Answer:

Equivalent units for conversion costs are 6,925 units

Explanation:

Note : I have attached the full question as an image below

Equivalent units are physical units expressed as a percentage of total work completed on them

<u>Equivalent units for conversion costs</u>

Units Completed and Transferred (6,100 × 100%) 6,100

Units in Closing Work in Process (1,100 × 75%) 825

Equivalent units for conversion costs 6,925

<u>Equivalent units for material costs</u>

Units Completed and Transferred (6,100 × 100%) 6,100

Units in Closing Work in Process (1,100 × 85%) 935

Equivalent units for material costs 7,035

4 0

3 years ago

Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock o

Ivahew [28]

Answer:

$12,000

Explanation:

For computing the preferred dividend, first we have to find out the yearly dividend which is shown below:

= Number of shares × par value per share × dividend rate

= 4,000 shares × $50 × 5%

= $10,000

In 2017, the dividend was paid of $8,000

Remaining dividend left is $10,000 - $8,000 = $2,000

So, the total preference dividend in 2018 would be

= Yearly dividend + remaining dividend left

= $10,000 + $2,000

= $12,000

Out of $40,000, the $12,000 will be paid to preferred stockholders and the remaining $28,000 will be paid to equity stockholders

7 0

3 years ago