Answer: $104.369 million
Explanation:
Given that,
Total Liabilities = $81.319 million
Cash = $8.040 million
Total Assets = $190.768 million
Total Common Stock = $5.080 million
Therefore,
Total assets = Total liabilities + Total stockholders' equity
$190.768 million = $81.319 million + Total stockholders' equity
Total stockholders' equity = $190.768 million - $81.319 million
= $ 109.449 million
Total stockholders' equity = Total common stock + Retained earnings
Retained earnings = Total stockholders' equity - Total common stock
= $ 109.449 million - $5.080 million
= $104.369 million
Answer: $24,000
Explanation:
Operating income under absorption costing:
= Sales - Cost of goods sold - Selling and admin expenses
Cost of goods sold = Variable production cost + Fixed production cost
= (61 * 1,000 units sold) + (32,000 / 1,500 units produced * 1,000 units sold)
= $82,333
Selling and admin expenses:
= Variable + Fixed
= (6 * 1,000) + 8,000
= $14,000
Operating income = (120 * 1,000) - 82,333 - 14,000
= $23,667
= $24,000
Answer:
$19,870.39
Explanation:
To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:
PV=FV/(1+i)^n, where
PV= Present value
FV= Future value=$25,000
i= interest rate=4.7%
n= number of periods of time= 5 years
PV=25,000/(1+0.047)^n
PV=25,000/(1.047)^5
PV=19,870.39
According to this, the answer is that you will have to deposit today $19,870.39.
Answer:
$125
Explanation:
Computation for the change in net working capital
Using this formula
Change in net working capital =( Ending Current asset- Ending Current liabilities) - (Beginning Current asset- Beginning Current liabilities)
Let plug in the formula
Change in net working capital =
($493 – $272) – ($328 – $232)
Change in net working capital = $221-$96
Change in net working capital =$125
Therefore the Change in net working capital will be $125
Answer:
c)-0.67
Explanation:
Calculation to determine what the price elasticity equal to
Using this formula
Price Elasticity of Demand (PED)=dQ/dP*Q/P
Let plug in the formula
Price Elasticity of Demand (PED)=d(100-4p)/dp*p/100-4p
Price Elasticity of Demand (PED)=-4*p/100-4p
at p=$10
Price Elasticity of Demand (PED)=-4*$10/100-4($10)
Price Elasticity of Demand (PED)=-40/60
Price Elasticity of Demand (PED)=-2/3
Price Elasticity of Demand (PED)=-0.666
Price Elasticity of Demand (PED)=-0.67 Approximately
Therefore the price elasticity equal to -0.67
