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4 years ago

North Division has the following information:

Business

1 answer:

VLD [36.1K]4 years ago

5 0

Answer:

due to elimination

income will decrease by $526000

Explanation:

Given data

Sales = $1180000

Variable expenses = $654000

Fixed expenses = $620000

to find out

incremental effect on net income

solution

we know here total sale is $1180000 and Variable expenses is $654000

so contribution if the division is dropped is sales - Variable expenses

put these value

contribution = 1180000 - 654000

contribution = 526000

so we say that due to elimination

income will decrease by $526000

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How much would $100, growing at 5% per year, be worth after 75 years? a. $4,077.43 b. $4,281.30 c. $3,883.27 d. $3,689.11 e. $4,

Zielflug [23.3K]

Answer:

The answer is c. $3,883.27

Explanation:

For the problem, we will be using the formula for calculating the Future Value of money, which is:

$F= P(1+r)^{n}$

Where:

F - future value

P - Principal amount = ($100)

r - rate of growth in percent = (5% or 0.05)

n - number of years = (75)

We calculate thus:

$F = 100(1 + 0.05)^{75}$

$F$ = $100(1.05)^{75}$

$F = 100 X 38.8327$

$F = 3,883.27$

therefore the amount after 75 years will be $3,883.27

5 0

3 years ago

for $32.45 per share, and the firm expects its per-share dividend to be $2.35 in one year. Analysts project the firm’s growth ra

Serggg [28]

Answer:

Cost of equity will be 12.96 %

Explanation:

We have given current price of the stock = $32.45

Expected dividend $D_1=$2.35$ in one year

Growth rate $g=5.72%=0.0572$

We have to find the cost of equity

Cost of equity is given by

Cost of equity $=\frac{expected\ dividend}{current\ price\ of\ the \ stock}+growth\ rate=\frac{2.35}{32.45}+0.0572=0.1296$ = 12.96 %

8 0

3 years ago

The current sections of Culver Corporation's balance sheets at December 31, 2021 and 2022, are presented here. Culver Corporatio

natta225 [31]

Answer:

Net Cash Provided by Operating Activities is $286,000

Explanation:

Culver Corporation's

Partial Statement of Cash flows

For the year ended December 31, 2022

Cash Flow from Operating Activities

Net Income $229,500

Adjustment to reconcile net income to

net cash provided by operating activities

Depreciation Expenses $40,500

(Non-cash expense)

Decrease in Accounts Receivables $13,500

(133,500 - 120,000)

Decrease in Inventory $6,000

(258,000 - 252,000)

Increase in Prepaid Expenses -$7,500

(33,000 - 40,500)

Increase in Accrued Expenses Payable $15,000

(22,500 - 7,500)

Decrease in Accounts Payable -$10,500 $57,000

(127,500 - 138,000)

Net Cash Provided by Operating Activities $286,000

4 0

3 years ago

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

Ostrovityanka [42]

Answer:

150%

Explanation:

Computation of the predetermined overhead rate

Using this formula

Predetermined overhead rate=Estimated overhead/Estimated direct labor cost

Let plug in the formula

Predetermined overhead rate=$322,500/ $215,000

Predetermined overhead rate=1.5*100

Predetermined overhead rate=150%

Therefore Predetermined overhead rate will be 150%

6 0

3 years ago

Put the following ABC implementation steps in order: A Compute the allocation rates. B Compute the total cost of the products.

jok3333 [9.3K]

Answer:

D Select the cost allocation bases.

Explanation:

An allocation base OR cost allocation based is the foundation on which Cost accounting apportions the overhead costs. An allocation base can come inform of a quantity, such as the used machine hours, the consumed electricity kilowatt hours (kWh), or the square footage that is being occupied.

the ABC implementation step in order will be to select the cost allocation bases.

5 0

3 years ago

Read 2 more answers