Answer:
$2,700
Explanation:
The computation of the unearned service revenue balance reported on the February 28 balance sheet is shown below:
= Total cash received - expired service revenue
= $3,600 - $900
= $2,700
The expired service revenue is
= Received amount ÷ number of months
= $3,600 ÷ 4 months
= $900
It is come by deducting the expired service revenue from the total cash received so that the balance could come
Answer:
B. 66.67%
Explanation:
Contribution is the difference between the company's total revenue and the total variable cost. The ratio of the contribution to sales or revenue gives the contribution margin ratio.
The contribution may also be derived from the addition of the fixed cost and the operating income.
Contribution margin
= $115,000 + $54,000
= $169,000
Let the number of units to be sold to achieve targeted income be U
6U - 2U - 115,000 = 54,000
4U = 169,000
U = 42,250
Contribution margin ratio = 169000/(6 * 42,250)
= 66.67%
Answer:
$2,700
Explanation:
Calculation for what should this professor be willing to pay in rent per month
First step is to calculate the Transportation cost per week
Transportation cost = ($25*4 hrs)* 3 per week
Transportation cost =$100*3 per week
Transportation cost= 300 a week
Now let calculate the rent per month
Rent per month= $1500 + ($300*4)
Rent per month=$1,500+$1,200
Rent per month= $2,700
Therefore what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25 will be $2,700
Answer: Sunk Cost
Explanation:
A sunk cost is an expense which a company or entity has already incurred and which cannot be recovered and so should not be considered when making decisions regarding incremental benefits or costs to an investment.
The $48 had already been incurred to produce the defective units and cannot be recovered so it is a sunk cost that should not be considered moving forward.
Answer:
$12.14
Explanation:
The computation of the current value of one share of the stock is shown below:
D2 = (1 × 1.25) = $1.25
D3 = (1.25 × 1.25) = $1.5625
Now
Value after year 3 is
= (D3 × Growth rate) ÷ (Required return - Growth rate)
= (($1.5625 × 1.06) ÷ [0.17 - 0.06)]
= $15.05681818
Now
Current value is
= Future dividends × Present value of discounting factor(17%,time period)
= $1 ÷ 1.17 + $1.25 ÷ 1.17^2 + $1.5625 ÷ 1.17^3 + $15.05681818/1.17^3
= $12.14
