Answer:
$24
Explanation:
500 * 18 = $9000 worth of stock initially.
She sells with a $3000 gain, which means the value of the stock is $12000
12000/500 = $24
Answer:
$171,619.20
Explanation:
Calculation to determine what The budgeted accounts payable balance at the end of November is closest to:
Using this formula
Budgeted accounts payable balance= Budgeted cost of raw materials purchases in November -(Budgeted cost of raw materials purchases in November*Raw materials purchases in the month of purchase percentage)
Let plug in the formula
Budgeted accounts payable balance=$286,032 - ($286,032*40%)
Budgeted accounts payable balance=$286,032 - $114,412.80
Budgeted accounts payable balance= $171,619.20
Therefore The budgeted accounts payable balance at the end of November is closest to:$171,619.20
Answer:
Selling price= $172.8
Explanation:
Giving the following information:
Manufacturing costs to be $ 240.00 per air conditioner
Consisting of 60% variable costs and 40% fixed costs.
Selling price= 20% markup to full costs.
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:
Unitary cost= 240*0.6= $144
Selling price= 144*1.2= $172.8
Emails Letter and Business Reports
Answer:
cost of equity = 9.68%
so correct option is d. 9.68%
Explanation:
given data
currently priced = $17.15
paid annual dividend = $1.22
dividends increasing = 2.4% annually
to find out
firm's cost of equity
solution
we get here cost of equity by apply price equation that is express as
Price = recent dividend × ( 1 + growth rate ) ÷ ( cost of equity - growth rate) .....................1
put here value we get
$17.15 =
solve it we get
cost of equity = 9.68%
so correct option is d. 9.68%