Answer:
$143,600
Explanation:
Calculation for The total amount of cash expected to be received from customers in November
Junior Snacks
October credit sales collected $77,000
(55% *$140,000)
Add November credit salescollected $66,600
(45% * $148,000)
Total Cash collected in November$143,600
($77,000+$66,600)
Therefore the total amount of cash expected to be received from customers in November is: $143,600
Answer:
Total sum due after 5 years = $2,626.9
Explanation:
The sum of 100 that is invested per period(quarterly)for certain number of period is referred is referred to as an annuity. The total sum that the investment would worth after if interest rate is compounded quarterly for the investment period is referred to as the future value of annuity.
The total sum due can be computed in two stages. The first is to determined how much the annuity investment would worth after 5 years. And the second is to determine how much the single sum of $100 would worth after 5 years.
This done as follows:
The future Value of annuity is computed using the formula below:
FV = A×( (1+r)^n - 1)/r)× (1+r)
A- periodic cash flow invested
r- interest rate per period
n- number of period
FV = future value
r= 8/4= 2%
n= 5×4= 20
FV= 100×(1.02^20 -1)/0.02)×(1.02)= 2478.3
Step 2 : The future value of the value of the Initial lump sum of $100 already existing
FV= A× (1+r)∧n
= 100×(1.02)^20 =148.59
The sum due after the end of the investment period =
2478.3 + 148.59=$2,626.9
Total sum due after 5 years = $2,626.9
Answer:
b. $62,784
Explanation:
Depreciation is the expense of an asset due to physical wear and tear of the equipment.
Book value is the net of depreciation value. It is calculated after deducting the accumulated depreciation from the cost of the asset.
MACRS = Cost x MACRS rate for the year
Year MACRS Depreciation Balance
0 $218,000
1 0.2 $43,600 $174,400
2 0.32 $69,760 $104,640
3 0.192 $41,856 $62,784
Opening Book value of next year is actually the closing book value of prior years.
Answer:
6
Explanation:
The computation of the shipping errors in the case of break even is given below;
But before that the net operating income is
Sales $230,000
Less: Cost of goods sold 150,000
Less: Depreciation expense 30,000
Less: Other expenses 20,000
Net operating income $30,000
Now the shipping errors is
= $30,000 ÷ ($3,000 + $2,000)
= 6
