Answer:
$149,800
Explanation:
- 25% will be received the same month = 140000*0.25 = 35000.
- 65% will be received the following month = 160000*0.65 = 104000.
- 9% will be received the second month after = 120000*0.09 = 10800.
Hence total receipt will be = 35000+104000+10800 = 149800.
Hope this helps.
Good Luck.
Answer:
total economic cost = $25,211.58
total accounting cost = $24,800
Explanation:
the total economic cost of leasing the vehicle includes the lease costs (monthly lease payments) plus the payment for excess miles (8,000 miles x 10 cents) plus the opportunity cost of the money withdrawn for the security deposit ($1,000 x 1.09⁴):
total economic cost = ($500 x 4 x 12) + (8,000 x $0.10) + ($1,000 x 1.09⁴) = $24,000 + $800 + $411.58 = $25,211.58
total accounting cost = ($500 x 4 x 12) + (8,000 x $0.10) = $24,000
Answer:
Sales will be equal to 8900 gallons
Explanation:
We have given hardware purchased = 8400 gallons
The store had 3200 gallons on hand at the beginning of the of march
So opening stock = 3200 gallons
And expected to have 2700 gallons at the end of march
So closing stock = 2700 gallons
So sales = purchases + opening stock - closing stock = 8400 + 3200 - 2700 = 8900 gallons
So sales will be equal to 8900 gallons
Answer:
1. $565,000 and $166,600
Explanation:
In case of recording sale instead of lease the interest should be computed on Cash selling price instead of cost of the equipment
.
Interest income = ($4,965,000 - $800,000)*8%*6/12
= $166,600
As $800,000 is due in July 1
Profit = $4,965,000 - $4,400,000
= $565,000
Therefore, The amount of profit on the sale and the interest income that Koenig would record for the year ended December 31, 2018 is $166,600 and $565,000.
The Office of Price Administration (OPA) was established within the Office for Emergency Management on August 28, 1941, in order to control prices (and thus inflation) and rents after the outbreak of World War II.
