Answer and Explanation:
The computation is shown below:
a. As a premium expense
= ($0.460 - $0.44) × 695,000
= $13,900
b. As a difference of 3 months spot rate and spot rate
= ($0.455 - $0.44) × 695,000
= $10,425
The first one represents the premium expense for $13,900 and the second part represents the adjustment to the net income in a positive way
I think the best would be C ensure timely payments of taxes
Answer:
$75 per case
Explanation:
Required: Selling Price per case
Sales – Variable cost – Fixed cost = Target desired profit
Sales = 800000 case x Selling Price (SP)
Variable cost = (800000 case x $40) + (800000 x SP x 25%)
Putting into equation:
Sales – Variable cost – Fixed cost = Target desired profit
(800000 x SP) – [(800000 x 40) + (800000 x SP x 25%)] - $8000000 = $ 5000000
>800000SP – (32000000 + 200000SP) – 8000000 = 5000000
>800000SP – 32000000 – 200000SP – 8000000 = 5000000
>800000SP – 200000SP = 5000000 + 8000000 + 32000000
>600000SP = 45000000
>SP = 45000000 / 600000
>SP = $ 75
Answer:
a.
Explanation:
The aggregate quantity of goods and services demanded changes as the price level rises because real wealth falls causing interest rates to rise, and this in term causes the dollar to appreciate since the interest rates are for products and services within the country and not foreign goods or services. Which as the dollar appreciates it means that foreign goods and services will become cheaper or that their relative price will fall.
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Answer:
net income = $31,500
Explanation:
given data
collect tailoring fees = $43,300
paid expenses = $12,300
Depreciation expense= $2,500
Accounts receivable = $1,050
supplies increased = $4,300
liabilities increased = $2,350
to find out
accrual basis net income
solution
we get here net income by given expression that is
net income = tailoring fees - expenses paid + account receivable + supplies increased - liabilities increased - Depreciation expense .......1
put here value
net income = $43,300 - $12,300 + $1,050 + $4,300 - $2,350 - $2,500
net income = $31,500