Commercially valuable fish may face extinction even though fish are a renewable resource. true or false.

Revolve Company is a price-taker and uses a target-pricing approach« on: September 24, 2015, 03:43:22 PM »Refer to the following

djyliett [7]

Answer: $17,209,000

Explanation:

Given that,

Production volume = 602,000 units per year

Market price = $32 per unit

Desired operating income = 15% of total assets

Total assets = $13,700,000

Total Income = 15% of Total assets

= $13,700,000 × 15%

= $ 2,055,000

Total Sales = Market price × Production volume

= $32 × 602,000

= $ 19,264,000

Target full product cost in total for the year = Total Sales - Total Income

= $ 9,264,000 - $2,055,000

= $17,209,000

4 0

3 years ago

Reasons for working for someone else

AURORKA [14]

Answer:

because we love with them

6 0

3 years ago

Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 9% 10 7.7217 7.3601 7.0236 6.7101 6.4177 11 8.3064 7.8869 7.4987 7.139

klasskru [66]

Answer:

The discount rate of 8% for 11 year period provides the present value of annual cash flows to be equal to the initial investment.

Explanation:

Using the table of present value of annuity provided, we can check the rate and time period which is return the present value of cash flows from the project to be equal to initial Investment.

We are told that the Project's life is expected to be 11 Years. Thus using the 11 year period from the table we can see the following rates,

11 Year Period

Rate = 5% , Annuity Factor = 8.3064

Rate = 6% , Annuity Factor = 7.8869

Rate = 7% , Annuity Factor = 7.4987

Rate = 8% , Annuity Factor = 7.1390

Rate = 9% , Annuity Factor = 6.8052

We know that the annual cash flows from the project is $1,000,000 and we know the Initial Outlay is $7,139,000.

Multiplying the annual cash flow from the above annuity factors for each rate we can see which rate provides the present value of annual cash flows to be equal to initial outlay.

Rate = 5% , Present value = 8.3064 * 1000000 = $8,306,400

Rate = 6% , Annuity Factor = 7.8869 * 1000000 = $7,886,900

Rate = 7% , Annuity Factor = 7.4987 * 1000000 = $7,498,700

Rate = 8% , Annuity Factor = 7.1390 * 1000000 = $7,139,000

Rate = 9% , Annuity Factor = 6.8052 * 1000000 = $6,805,200

From the above calculation we can see that the rate of 8% provides the present value of annual cash flows to be equal to the initial investment.

7 0

3 years ago

Nenn Co.'s allowance for uncollectible accounts was $190,000 at the end of 2024 and $200,000 at the end of 2023. For the year en

frosja888 [35]

Answer:

The amount Nenn debited to write off of actual bad debt is $36,000

Explanation:

Allowance for Uncollectible beginning = $200,000

Allowance for Uncollectible at the end = $190,000

Bad debt expense reported = $26,000

Amount Nenn debited to write off of actual bad debt = $200,000 + $26,000 - $190,000 = $36,000

3 0

3 years ago

Appling Enterprises issued 10% bonds with a face amount of $560,000 on January 1, 2021. The bonds sold for $515,071 and mature i

brilliants [131]

Answer:

The overview of the given situation is described in the explanation segment below.

Explanation:

The Journal entry is give below:

Value at Current Decrease in Paid [A+B]

beginning value value [V] interest ($)

($) ($) ($) ($) Decrease

Mar 515,071 540,000 24,929 - 24,929

June 540,000 520,000 -20,000 28,000 8,000

( $560,000\times 10 \percent\times \frac{6}{12}$ )

Sept 520,000 515,000 -5,000 - 5,000

Dec 515,071 522,000 6,929 56,000 62,929

( $560,000\times 10 \ percent$ )

5 0

4 years ago