Answer: The answer is $27.25
Explanation:
Let x be the price Sweet dreams will charge to earn the profit of $75,000
New sales units = 20,000
New variable cost = $19
We know, Sales - Variable cost - Fixed cost = Profit
Now applying the equation,
20,000x - (20,000*19) - 90,000 = $75000
20,000x = $75,000 + 380,000 + 90,000
therefore, x = $27.25
So, Sweet Dreams will charge $27.25 to earn the same profit it is earning now i.e. $75000 per year.
Answer:
The correct answer is C: $4300
Explanation:
Giving the following information:
They will invest an equal amount each month for 5 years.
This account will earn 6% per year(0.5% per month)and will have $300,000 at the end of the 5-year term
We need to use the following formula:
final value= {A[(1+i)^n-1]}/r
A= cuota
i= monthly interest
n= 60 months
Isolating A:
A= (FV*i)/[(1+i)^n-1]
A= (300000*0.005)/[(1.005^60)-1]
A= 1500/0.34885= 4300
A) a motive is a reason you do something. In business it'd be, for example, profit motive. Your motive is the amount in the profit
Answer:
Explanation:
Date Account title and Explanation Debit Credit
1st july-14 Notes receivable $1,393,591
Discount on notes receivable ($1,393,591 - S600,100 - $317,900) $475,591
Land $600,100
Gain on disposal of land ` ($918,000 - $600,100) $317,900 ` (To record sale of land)
1-Jul-14
Notes receivable $404,300
Service revenue $404,300
` (to record service revenue)
I think the most appropriate answer would be C.
I hope it helped you!
