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Kitty [74]
3 years ago
12

Iris Souza started the summer with $30. She took $10 and made signs for her dog walking service. She posted the signs all over h

er neighborhood. She used the other $20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying herself a new pair of shoes for $50 (she had worn her other shoes out walking dogs), she had $125 left. What was Souza’s profit for her summer job?
Business
1 answer:
Ivenika [448]3 years ago
6 0

Answer:

Souza's profit for her summer job is $125

Explanation:

Profit is the amount remaining after deducting total expenditure from total revenue.

Since Souza had $125 left after purchasing for herself a new pair of shoes for $50 at the end of the summer, her profit for her summer job is $125

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Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea
Westkost [7]

Answer:

See answers below

Explanation:

1 The predetermined overhead rate

= Cost of manufacturing overhead / Cost driver.

Where cost driver

= labor cost / labor rate

= $240,192 / $12.51

= 19,200 hours

Expected overhead

= depreciation + supervisor + supplies + property tax

= 56,500 + 140,000 + 46,400 + 27,750

Total overhead = 270,650

Overhead rate = 270,650 / 19,200

= 14.10 per hour

2. The amount t of applied overhead for of 18,500 actual hours were worked on

= 18,500 hours × $14.10

= $260,850

7 0
3 years ago
You have arranged for a loan on your new car that will require the first payment today. the loan is for $32,000, and the monthly
enot [183]
65.643 is the answer of the interest rate
7 0
3 years ago
TEME is a manufacturer of toy construction equipment. If it pays out all of its earnings as dividends, it will have earnings of
Virty [35]

Answer:

$8.078 million

Explanation:

we must use the same time periods, so instead of using an annual discount rate, we should use a quarterly rate:

effective quarterly interest = (1 + 0.16)¹/⁴ - 1 = 0.0378 = 3.78%

dividends per quarter = 0.3 million + 0.05 million = $0.35 million

terminal value of firm in quarter 4 = 0.35 / 0.0378 = $9.26 million

present value of terminal value = $9.26 / (1.0378)⁴ = $7.983 million

present value of 4 quarterly dividends = $0.3 x 3.64879 (PVIFA, 3.78%, 4 periods) = $1.095 million

NPV = -$1 + $1.095 + $7.983 = $8.078 million

4 0
3 years ago
Read 2 more answers
Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,100 $ 202,100 Input: Labor 30,100
kramer

Answer: $1.637; $1.404

Explanation:

Given that,

Last year:

Output - Sales = $200,100

Input:

Labor = 30,100

Raw materials = 35,100

Energy = 5,010

Capital = 50,010

Other = 2,010

Input = 30,100 + 35,100 + 5,010 + 50,010 + 2,010

         = 122,230

Total Productivity = \frac{output}{input}

                              = \frac{200,100}{122,230}

                              = $1.637

This year:

Output - Sales = $202,100

Input:

Labor = 40,100

Raw materials = 45,100

Energy = 6,050

Capital = 49,750

Other = 2,875

Input = 40,100 + 45,100 + 6,050 + 49,750 + 2,875

         = 143,875

Total Productivity = \frac{output}{input}

                              = \frac{202,100}{143,875}

                              = $1.404

8 0
3 years ago
Calculate the interest and total amount due at the end of the loan for both simple and compound interest. Loan YearsRate(a)$1,00
Crank

Solution :

a). Interest for the simple interest $= 1000 \times 5 \times 2$

                                                       = $ 100

    Amount due for the simple interest = $ 1000 + $ 100

                                                                = $ 1100

    Amount due for the compound interest $= 1000 \times (1.05)^2$

                                                                       = $ 1102.50

   Interest for the compound interest = $ 1102.50 - $ 1000

                                                             = $ 102.50

b). Interest for the simple interest $= 1500 \times 6 \times 5$

                                                       = $ 450

    Amount due for the simple interest = $ 1500 + $ 450

                                                                = $ 1950

    Amount due for the compound interest $= 1500 \times (1.06)^5 $

                                                                       = $ 2007.34

   Interest for the compound interest = $ 2007.34 - $ 1500

                                                             = $ 507.34

c). Interest for the simple interest $= 1000 \times 10 \times 10$

                                                       = $ 100000

    Amount due for the simple interest = $ 10000 + $ 10000

                                                                = $ 20000

    Amount due for the compound interest $= 10000 \times (1.10)^{10}$

                                                                       = $ 25937.42

   Interest for the compound interest = $ 25937.42 - $ 10000

                                                             = $ 15937.42

d).  Interest for the simple interest $= 25000 \times 15 \times 15$

                                                       = $ 56,2500

    Amount due for the simple interest = $ 25000 + $ 56,250

                                                                = $ 81,250

    Amount due for the compound interest $= 25000 \times (1.15)^{15} $

                                                                       = $ 203,426.54

   Interest for the compound interest = $ 203,426.54 - $ 25,000

                                                             = $ 178,426.54

e). Interest for the simple interest $= 47,750 \times 20 \times 20$

                                                       = $ 191,000

    Amount due for the simple interest = $ 47,750 + $ 191,000

                                                                = $ 238,750

    Amount due for the compound interest $= 47,750 \times (1.20)^{20} $

                                                                       = $ 1,830,620.40

   Interest for the compound interest = $ 1,830,620.40 - $ 47,750

                                                             = $ 1,782,870.40

 

   

6 0
2 years ago
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