Answer: $75.33
Explanation:
First find the total costs of a round of golf for the entire season:
= Fixed costs + Variable costs
= 30,000,000 + (17 * 600,000 rounds)
= $40,200,000
They would like to earn 10% on 50,000,000 which is $5,000,000
The revenue should therefore be:
= Costs + Expected return
= 40,200,000 + 5,000,000
= $45,200,000
Price per round to achieve this:
= Revenue / Rounds of golf
= 45,200,000 / 600,000
= $75.33
Answer:
A debit of $7.6 million to a loss account
Explanation:
Step 1. Given information.
- Carrying value is 21.4 million
- Market value when retired is 29 million.
Step 2. Formulas needed to solve the exercise.
Gain(Loss) = Carrying value - Market value when retired
Step 3. Calculation.
= 21.4 million - 29 million
= 7.6 million
Step 4. Solution.
A debit of $7.6 million to a loss account
Answer:
c. cover the cost of producing and selling the product
Answer:
Consumer Financial Protection Bureau
Explanation:
Consumer Financial Protection Bureau is an organization that's established by the United States government in order to provide protection for costumers within the financial sectors. They offer protection for activities such as Securities firm operation, capital management, debt collector, foreclosure services, etc.
The problems that Ben experience fall under the jurisdiction of the Bureau.
After filing a complaint, the Bureau will sent their agents to conduct the investigation (mostly by examining their financial books in order to seek any possible violations). If the bureau managed to find some proof of foul play, The Bureau could bring the case to the prosecutor and brought the company into court.
