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Oxana [17]
3 years ago
7

Nguyen, Inc. has received a bid for 15 comma 000 units. The costing estimates show that the average cost per unit for this bid w

ill be $ 700. The company uses costminusbased pricing and adds 20​% markup to total costs. What total price will Nguyen ask for the entire​ order? A. $ 2 comma 100 comma 000 B. $ 12 comma 600 comma 000 C. $ 10 comma 500 comma 000 D. $ 8 comma 400 comma 000
Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer:

B. $ 12 comma 600 comma 000

Explanation:

15,000 units x $700 cost per unit = 10,500,000 total cost

markup policy for the firm: 20% of total cost

the sales price will be the total cost for the order plus a 20% of that cost as a gross profit margin.

sales price = cost x (1 + 20%)

sales price = total cost x 1.20

sales price = 10,500,000 x 1.2 = 12,600,000

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On December 31, 2015. management had determined that it would not be able to collect the $1,200 owed to It by its customer Acme.
Cerrena [4.2K]

Answer:

December 31, 2015, bad debt written off

Dr Bad debt expense 1,200

    Cr Accounts receivables 1,200

September 15, 2016, write off is partially reversed and a partial payment is collected

Dr Accounts receivable 600

    Cr Bad debt expense 600

Dr Cash 600

    Cr Accounts receivable 600

7 0
2 years ago
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer an
Oksana_A [137]

Answer:

NPV = -$149,319.44

Explanation:

Ten cars will be needed, which can be purchased at a discounted price of $18,000 each. If this alternative is accepted, the following costs will be incurred on the fleet as a whole:

  • Annual cost of servicing, taxes and licensing    $5,100
  • Repairs, first year                                                $3,000
  • Repairs, second year                                        $5,500
  • Repairs, third year                                                $7,500

the required rate of return or discount rate for Riteway is 20%.

Cash flows:

CF₀ = -$180,000

CF₁ = -($5,100 +$3,000) = -$8,100

CF₂ = -($5,100 + $5,500) = -$10,600

CF₃ = ($9,000 X 10) - ($5,100 + $7,500) = $90,000 - $12,600 = $77,400

using an excel spreadsheet, we can calculate the NPV with r = 20%

NPV = -$180,000 + $30,680.56 = -$149,319.44

8 0
3 years ago
Question 3: Economic value-added (EVA) Net operating profit before taxes is $1,800. Total assets (invested capital) are $8,500,
posledela

Answer:

- $454

Explanation:

Net Operating Profit after tax = Net operating profit before tax - tax rate

                                                  = $1,800 - 20%

                                                  = $360

Economic Value Added:

= Net Operating Profit after tax - (Capital Invested × Weighted average cost of capital )

= $360 - [($8,500 - $1,100) × 11%]

= $360 - ($7,400 × 11%)

= $360 - $814

= - $454

7 0
3 years ago
If you wanted to find the job description for a certain job, where should you look?
Anna [14]
Decide your job choice.
Find a business that has openings for the jobs.
You can to their online page for information about the job.
Then, you can have a job interview online or face to face.
3 0
3 years ago
which of the following should be avoided when solving a problem? A) Assessing B)Compromising C) Procrastinating D) Projecting
nexus9112 [7]
Procrastinating and that’s the answer
7 0
3 years ago
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