The right answer for the question that is being asked and shown above is that: "$222." Stacy has a net spendable income of $1,850 per month. The maximum amount of money that she should budget for food is <span>$222</span>
Answer:
The Journal entry that Oriole Company will make to pay off the note and interest at maturity assuming that interest has been accrued to September 30 will be:
Dr Notes Payable 560,000
Dr Interest Payable 25,200
(560,000*6%*9/12)
Cr Cash 585,200
(560,000+25,200)
Explanation:
Based on the information given where Moss County Bank agrees to lend the Oriole Company $560000 on January 1 this means we have to Debit Note payable with 560,000 and since Oriole Company signs a $560000, 6%, 9-month this means we have to Debit Interest payable with 25,200 (560,000*6%*9/12) and Credit Cash with 585,200 (560,000+25,200).
Answer:
the correct answer is
A. Interest Income and Interest Expense
GOOD LUCK
Answer:
The target share price is $53.69
Explanation:
In calculating the target share price in five years from now,it would be appropriate to determine the value of EPS in five years timing horizon using the future value formula which is given as :
fv=pv*(1+r)^N
PV is the present eps of $1.7
r is the eps growth rate of 7.5%
N is five years
fv=$1.70*(1+7.5%)^5
fv=2.440569854
Hence the target share price is computed using the P/E ratio:
P/E ratio=Price/EPS
Price is unknown]
EPS is 2.440569854
P/E ratio is 22
22=price/2.440569854
price=22*2.440569854
price is $53.69
Answer:
Hi the demand for each product for this question is missing, however, i have provided step by step approach to solving the problem below .
Explanation:
First Calculate the contribution per unit of each product
A B C
Sales price $65.50 $57.50 $75.25
Less Total variable cost ($28.85) ($26.50) ($38.95
)
Less Direct material cost ($11.25) ($8.90) ($22.75)
Contribution $25.40 $22.10 $13.25
Calculate the contribution per limiting factor of each product and rank the products
<em>contribution per limiting factor = contribution per unit ÷ quantity per limiting factor per unit</em>
A B C
Contribution $25.40 $22.10 $13.25
Quantity of limiting factor 4.65 6.3 5.9
Contribution per limiting factor 5.46 3.51 2.25
Ranking 1 2 3
Allocate the limiting factor according to the limiting factor
The company will on produce Product A as this is the most profitable.
Contribution = $25.40