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Novay_Z [31]
3 years ago
5

he following cost data pertain to the operations of Montgomery Department Stores, Inc., for the month of July. Corporate legal o

ffice salaries $ 70,500 Apparel Department cost of sales—Evendale Store $ 105,600 Corporate headquarters building lease $ 48,600 Store manager’s salary—Evendale Store $ 12,300 Apparel Department sales commission—Evendale Store $ 11,350 Store utilities—Evendale Store $ 19,200 Apparel Department manager’s salary—Evendale Store $ 11,800 Central warehouse lease cost $ 23,100 Janitorial costs—Evendale Store $ 13,550 The Evendale Store is just one of many stores owned and operated by the company. The Apparel Department is one of many departments at the Evendale Store. The central warehouse serves all of the company’s stores. Required: 1. What is the total amount of the costs listed above that are direct costs of the Apparel Department? 2. What is the total amount of the costs listed above that are direct costs of the Evendale Store? 3. What is the total amount of the Apparel Department’s direct costs that are also variable costs with respect to total departmen
Business
1 answer:
maxonik [38]3 years ago
4 0

Answer:

Explanation:

1) Total direct costs for the Apparel Department $128750:

Total Direct costs of Apparel Department  

Apparel Department cost of sales - Evendale store $105,600

Apparel Department sales commission - Evendale store $11,350

Apparel Department manager's salary - Evendale store $11,800

Direct costs  $128,750

2) Total direct costs for the Evendale Department $173,800:

Apparel Department cost of sales - Evendale store $105,600

Store manager's salary - Evendale store $12,300

Apparel Department sales commission - Evendale store $11,350

Store utilities - Evendale store $19,200

Apparel Department manager's salary - Evendale store $11,800

Janitorial cost - Evendale store $13,550

Direct costs - Evendale store $173,800

3) Total direct costs for the Apparel Department that are also variable costs- $116950 :

Apparel Department cost of sales - Evendale store $105,600

Apparel Department sales commission - Evendale store $11,350

Direct variable costs - Apparel Department $116,950

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ra1l [238]

Answer:

Ans. the value of the stock today is $6.31

Explanation:

Hi, we need to bring to present value all the cash flows of this stock, that is bringing to present value the cash flows from year 1 through 6 and the horizon value which is the value in year 6 of the cash flows from 6 and beyond.

The formula to use for the dividends from year 1 - 6 is:

PresentValue=\frac{Dividend((1+r)^{n}-1) }{r(1+r)^{n} }

Where:

r = is the discount rate

n = number of consecutive dividends

And the present value of the horizon value is:

PV(Horizon)=\frac{Dividend*(1+g)}{(r-g)} *\frac{1}{(1+r)^{n} }

So everything together is:

Price=\frac{Dividend((1+r)^{n}-1) }{r(1+r)^{n} }+\frac{Dividend*(1+g)}{(r-g)} *\frac{1}{(1+r)^{n} }

Now, the numbers

Price=\frac{0.84((1+0.144)^{6}-1) }{0.144(1+0.144)^{6} }+\frac{0.84*(1+0.02)}{(0.144-0.02)} *\frac{1}{(1+0.144)^{6} }=3.23+3.08=6.31

So based on the future cash flows of this share, its fair price is $6.31

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Creative Sound Systems sold investments, land, and its own common stock for $31 million, $15.1 million, and $40.2 million, respe
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Answer:

Net cash provided from Investing activities is 8,900,000

Explanation:

Statement of cash flows from investing activities

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Sale of investment                        31,000,000

Sale of land                                    15,100,000

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Purchase of patents                     <u>-12,100,000</u>

Net cash provided from              <u>8,900,000</u>

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Which of the following methodologies takes the list of desired customer attributes (CAs) generated by market research and turns
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Answer: See explanation

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December 31, 2021:

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Credit Cash $104000

The working to the above entries has been attached

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