Answer:
$60
Explanation:
For computing the target cost, first we have to determine the profit per unit which is shown below:
= Selling price × return on sales percentage
= $80 × 25%
= $20
Now the target cost would be
= Selling price per unit - profit per unit
= $80 - $20
= $60
All other information which is given is not relevant. Hence, ignored it
The nominal annual rate of return is 20%
Given,
Annual dividend = $2.50(4) = $10. rps
= Dps/Vps = $10/$50 = 0.20 = 20%
The nominal rate of go back is the quantity of cash generated by way of an investment before factoring in charges such as taxes, funding charges, and inflation. If an funding generated a ten% go back, the nominal rate would equal 10%.
Nominal interest price refers back to the hobby price earlier than taking inflation into consideration. Nominal also can seek advice from the advertised or said interest rate on a loan, without contemplating any fees or compounding of interest.
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Answer:
The journal entry for disposal of equipment will be as follows;
Explanation:
Accumulated Depreciation Dr.$98,000
Cash Dr.$40,000
Loss on disposal (150-98-40) Dr.$12,000
Equipment Cr.$150,000
Answer: From what I've heard ,yes!
Explanation:
Answer:
D. $ 34 comma 160
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
Given that Cost of goods sold 60% of sales and Required ending inventory $ 15 comma 000 + 20% of next month's sales , then
Cost of goods sold for January = 60% * $ 56,600
= $33,960
Required ending inventory for January = $15,000 + 20% * $61,000
= $15,000 + $12,200
= $27,200
$27,000 + budgeted purchases - $33,960 = $27,200
Budgeted purchases for January = $33,960 + $27,200 - $27,000
= $34,160
