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3 years ago

A customer's account appears as follows:

Business

1 answer:

mafiozo [28]3 years ago

6 0

Answer:

Explanation:

Market Value : $125,000

$125000/2= $62,500

$62,500- $35,000 debit= $27,500 excess equity

Hence:

$27,500 excess equity x 2= $55,000 Buying Power

Therefore the buying power in the account is $55,000

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Testing conclusions review the typical benefits of physical capital described in section 1. give specific examples of how the fi

Ronch [10]

- he invention of railroads will reduce the amount of time and capital compared to having to buy supplies to feed horses and drivers in delivering goods.
- The trains also allow companies to deliver products on larger amount compared to using carriage
- Delivering with trains will decrease the likelihood of agricultural products in becoming rotten and unsellable.

3 0

3 years ago

The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upc

serious [3.7K]

Answer:

1 & 2. Purchases of Raw Material

Purchases in grams Cost

Quarter 1 68,250 $ 81,900

Quarter 2 82,250 $ 98,700

Quarter 3 75,250 $ 90,300

Quarter 4 60,500 $ 72,600

Full year $ 343.500

3. Expected Cash disbursements

Quarter 1 $ 54,740

Quarter 2 $ 91,980

Quarter 3 $ 93.660

Quarter 4 $ 79,680

Total Year payments $ 320,060

4. Total cost of Direct Labor

Quarter 1 $ 27,900

Quarter 2 $ 37,200

Quarter 3 $ 34,100

Quarter 4 $ 31,000

Total Year for direct labor $ 130,200

Explanation:

Computation of raw material purchases

Raw material consumption

Qtr No of Units per qtr Total Requirement

1 9,000 * 7 gms per unit = 63,000 gms

2 12,000 * 7 gms per unit = 84,000 gms

3 11,000 * 7 gms per unit = 77,000 gms

4 10,000 * 7 gms per unit = 70,000 gms

Total Year 294,000 gms

Raw Material Purchases for each quarter

Purchases = Closing inventory + Consumption - Opening inventory

1 21,000 (84,000gms * 25 % ) + 63,000 - 15.750 = 68,250 gms

2 19,250 (77,000gms* 25 %) + 84,000 - 21,000 = 82,250 gms

3 17,500 ( 70,000gms* 25 %) + 77,000-19,250 = 75,250 gms

4 8,000 ( As per data) + 70,000-17.500 = 60,500 gms

Total year purchases = = 286,250 gms

Cost of purchases

Quarter 1 68,250 gms * $ 1.20 = $ 81,900

Quarter 2 82,250 gms * $ 1.20 = $ 98,700

Quarter 3 75,250 gms * $ 1,20 = $ 90,300

Quarter 4 60,500 gms * $ 1,20 = $ 72,600

Total purchases $ 343,500

Computation of cash disbursements for purchases

Quarter 1 Payments = Opening Payables + 60 % of quarter 1

$ 5,600 + ( 60 %* $ 81,900) = $ 5,600 + $ 49,140 = $ 54,740

Quarter 2 payments

(40 % of quarter 1) + ( 60 % of quarter 2)

($ 81,900 * 40 %) + ( $ 98,700 * 60 %)

$ 32,760 + $ 59,220 = $ 91,980

Quarter 3 payments

(40 % of quarter 2) + ( 60 % of quarter 3)

($ 98,700 * 40 %) + ( $ 90,300 * 60 %)

$ 39,480 + $ 54,180 = $ 93.660

Quarter 4 payments

(40 % of quarter 3) + ( 60 % of quarter 4)

($ 90,300 * 40 %) + ( $ 72,600 * 60 %)

$ 36,120 + $ 43,560 = $ 79,680

Total payments for purchases for the year $ 320,060

Computation of direct labor cost

No of units * Estimated Direct labor hours * Labor rate per hour

Quarter 1 = 9,000 * 0.20 per unit * $ 15.50 = $ 27.900

Quarter 2 = 12,000 * 0.20 per unit * $ 15.50 = $ 37.200

Quarter 3 11,000 * 0.20 per unit * $ 15.50 = $ 34.100

Quarter 4 10,000 * 0.20 per unit * $ 15.50 = $ 31.000

Total cost for Direct labour $ 130,200

8 0

3 years ago

An ATM with a service fee of $3 is used by a person 200 times in a year. What would be the future value in 5 years (use a 2 perc

Eddi Din [679]

Answer:

The future value in 5 years is $3,184.87

Explanation:

The figure is arrived by calculating the future of the yearly total service of $600($3*200) by using applicable annuity factor for each of the years from year 1 to 5.

The annuity factor for each year is calculated as (1+r)^n, where r is the rate of return of 2% and the n the year in which the service fee relates to.

Kindly find attached for detailed computations.

Download xlsx

6 0

3 years ago

Read 2 more answers

Which is not true of birthday and/or annual review automatics?a. the purpose is to trigger a telephone call for a face-to-face m

Musya8 [376]

Answer: b. Quarterly automatic contacts decrease cross-sales and lead to reduced referrals

Explanation:

During the annual review of business considering automatics it is observed that there is always a decrease in cross sales and these leads to a reduce in referrals.

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2 years ago

The amphibians have loose fitting skin. this helps them with which of the two major challenges for transition to land?

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The loose fitting skin is one of the defining characteristic of the amphibians in which the toad, frog and almost any other creature in between belong. Some of the many useful and sophisticated purpose of this are: (1) helping with respiration, (2) prevention of hydration loss, (3) easy locomotion. This enables the animals to easily adapt to the environment once it shifts to the land from the water bodies.

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3 years ago