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expeople1 [14]
3 years ago
9

Nueva Company reported the following pretax data for its first year of operations. Net sales 7,400 Cost of goods available for s

ale 5,610 Operating expenses 1,638 Effective tax rate 40 % Ending inventories: If LIFO is elected 627 If FIFO is elected 804 What is Nueva's net income if it elects FIFO
Business
1 answer:
Ludmilka [50]3 years ago
8 0

Answer:

Net Income $574

Explanation:

Calculation of Nueva's net income if it elects FIFO will be :

Net sales$7,400

Less Cost of goods sold ($4,806)

($5,610 − $804)

Gross profit 2,594

Operating expenses (1,638)

Income before taxes 956

(2,594-1,638)

Income tax 382.4

(40%×956)

Net income $574

(956-382.4)

Therefore the Nueva's net income if it elects FIFO would be $574

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Sam can only hire two full-time employees, but he needs even more help to make the two products he sells. Product Alpha has a co
blagie [28]

Answer:

Which product would result in the highest contribution margin - Product Beta

Explanation:

Here is a situation where production is limited by a particular resource - Labor Hours.

To determine which product to manufacture, Sam has to rank the Contribution per unit of the limiting factor - labor of Product Alpha and Product Beta

Contribution per limiting factor are already calculated as:

Product Alpha -  $750 per unit of limited resource

Product Beta - $975 per unit of limited resource

The Product with Highest Contribution per limiting factor results in highest contribution margin and must be worked on first

8 0
3 years ago
If an investor purchases $1,000 face amount of an 8orporate bond at 93, and the bond is scheduled to mature in 2028, what will t
Nastasia [14]

The amount to be paid on maturity is $100,440

Given that;

Purchase value of 8% corporate bond at 93 = $1,000

Find:

The amount to be paid on maturity

Computation:

Interest amount = Face value of bond × Price × Interest

Interest amount = $1,000 × 93 × 8%

Interest amount = $7,440

The amount to be paid on maturity =  $7,440 + $93,000  

The amount to be paid on maturity = $100,440

In finance, maturity or maturity date is the final payment due date of a loan or other financial instrument such as a bond or term deposit upon which principal (and remaining interest) is paid.

Maturity is the date on which the life of a trade or financial instrument ends, after which it must be renewed or cease to exist. The life of a bond is the period during which its holder receives interest payments on their investment. When the bond matures, the holder will be refunded the face value. The maturity may change if the bond has a put or call option.

Learn more about Maturity here: brainly.com/question/9099365

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7 0
2 years ago
C) It is generally agreed that the government must provide public goods.
stich3 [128]
Public goods are food , plants Nd stuff in public
8 0
2 years ago
Which best explains what a credit score represents?
jeyben [28]

A credit score is a statistical number that depicts a person's creditworthiness. Lenders use a credit score to evaluate the probability that a person repays his debts. Companies generate a credit score for each person with a Social Security number using data from the person's previous credit history. A credit score is a three-digit number ranging from 300 to 850, with 850 as the highest score that a borrower can achieve. The higher the score, the more financially trustworthy a person is considered to be.

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Read more: Credit Score Definition | Investopedia http://www.investopedia.com/terms/c/credit_score.asp#ixzz4VeWYGsiy 
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7 0
3 years ago
Read 2 more answers
curtis invests $800,000 in a city of Athens bond that pays 10.00 percent interest. Alternatively, Curtis could have invested the
vodomira [7]

Answer:

9.5%

Explanation:

The computation of the after tax rate of return is shown below:

But before that first determine the following calculations

The interest income earned

= $800,000 × 12.50%

= $100,000

Now After tax interest income is

= $100,000 × (1 - 0.24)

= $76,000

Now

After tax rate of return on investment is

= ($76,000 ÷ $800,000) × 100

= 9.5%

4 0
2 years ago
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