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Likurg_2 [28]
3 years ago
10

Brooks Company is a consulting firm and applies indirect overhead costs based on billing hours. The firm expects to have $75,000

in indirect costs during the year and bill customers for 750 hours. The cost of direct labor is $55 per hour. Brooks Company completed a consulting job for George Peterson and billed the customer for 15 hours. What was the total cost of the consulting job?
Business
1 answer:
valina [46]3 years ago
5 0

Answer:

$2325

Explanation:

Indirect costs =75000/750=$100 per hour

Direct Labour = $55 per hour

Total cost per hour =100+55=$155

$155 ×15= $2325

The total cost for the consulting job for George Peterson is $2325

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Perine, Inc., has balance sheet equity of $5.4 million. At the same time, the income statement shows net income of $783,000. The
S_A_V [24]

Answer:

The target stock price in one year is $149.93

Explanation:

Fly Away, Inc., has

Balance sheet equity of (E) = $ 5,400,000

Also, the income statement shows net income of (NI) = $783,000.

The company paid dividends of (D) = $438,480

Shares of stock outstanding (N) = 100,000

Benchmark PE ratio = 18

Question = what is the target stock price in one year?

We need the expected EPS at the end of next year and not this year.

EPS this year, E₀ = NI / N

                            = 783,000 / 100,000

                            = $ 7.83

Retention Ratio, "R" = 1 - Dividend payout ratio = 1 - D/NI

                                 = 1 - 438,480 / 783,000

                                 = 1 - 56.00%

                                 = 44.00%

Return on equity, ROE = NI / E

                                     = 783,000 / 5,400,000

                                     = 14.50%

Growth rate in earnings, g = R x ROE

                                         = 44.00% x 14.50%

                                         = 6.38%

Hence, expected EPS next year, E₁ = E₀ x (1 + g)

= $ 7.83 x (1 + 6.38%)

= $ 8.33

Hence, target price next year, P = Benchmark PE ratio x E₁

                                                     = 18 x $8.33

                                                     = $149.93

The target stock price in one year = $149.93

4 0
3 years ago
THIS IS JOURNALISM!! NOT BUSINESS
Alex787 [66]

Answer: B.

Explanation: I would say B because they probably don't give two BLEEPS about an editor. And not C because it doesn't cost money to edit a entry.

5 0
3 years ago
Read 2 more answers
Exercise 4-10 (Static) Earnings per share [LO4-5]The Esposito Import Company had 1 million shares of common stock outstanding du
Lelu [443]
Sorry doing this for points
8 0
2 years ago
Garza company had sales of $149,000, sales discounts of $2,225 and sales returns of $3,525. Garza's net sales equals
nika2105 [10]

Answer:

Garza's net sales equals $143250.

Explanation:

Net sales = gross sales - sales return - sales discount

                = $149,000 - $3,525 - $2,225

                = $143250

Therefore, Garza's net sales equals $143250.

4 0
2 years ago
Knowledge Check 01 Identify the simplifying assumptions usually made in net present value analysis. (You may select more than on
steposvetlana [31]

Answer:

All cash flows other than the initial investment occur at the end of periods.

All cash flows generated by the investment project are immediately reinvested at a rate of return equal to the discount rate.

Explanation:

Net present value method: In this method, the initial investment is subtracted from the discounted present value cash inflows. If the amount comes in positive than the project is beneficial for the company otherwise not.

In the net present value, the yearly cash flows other than the initial investment is occur at the end of the period as all the yearly cash flows are discounted at the present value factor.

And, the discount rate is equal to the rate of return

So, these two statements are correct.

6 0
3 years ago
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