Answer:
$21,200
Explanation:
The computation of manufacturing overhead is shown below:-
Total manufacturing overhead = Indirect Labor + Indirect Materials + Factory Repair and Maintenance + Manufacturing Equipment Depreciation
= $11,100 + $8,300 + $800 + $1,000
= $21,200
Therefore for computing the total manufacturing overhead we simply added all relevant cost Indirect Labor, Indirect Materials, Factory Repair, and Maintenance, and Manufacturing Equipment Depreciation. The rest all cost is not relevant for total manufacturing cost.
Based on the annual dividend on the stock and the market yeild of similar securities, the preferred stock will sell at $227.36.
<h3>How much will the stock sell for?</h3>
This can be found as:
= Dividend x (1 - ( 1 + rate) ^- number of years) / rate
The dividend is quarterly so the rate is:
= 8% / 4
= 2%
Number of periods is:
= 10 x 4
= 40 quarters
Dividend is:
= 20 / 4
= $5
Selling price is:
= 5 x (1 - (1 + 2%)⁻⁴⁰) / 2%
= $227.36
Find out more on preferred stocks at brainly.com/question/18068539.
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Answer:
the value of the quick ratio is 1.11 times
Explanation:
The computation of the value of the quick ratio is shown below:
Quick Ratio = Total Quick Assets ÷ Total current liabilities
= [Cash + Accounts Receivables] ÷ Accounts Payable
= [$145 + $99] ÷ $219
= $244 ÷ $219
= 1.11 Times
Hence, the value of the quick ratio is 1.11 times
