Answer:
Explanation:
Sales in units =
(Total fixed cost+Required profit)/(Weighted average Contribution Margin) = (750,000+250,000)/25 = 1,000,000/25 = 40,000
In order to earn profit of $250,000 Friar needs to sell 40,000 units
*Weighted average Contribution Margin = [(100-60)*1/4] + [(70-50)*3/4] = 10+15 = 25
Answer:
The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.
If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020
for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40
Answer:
a
Explanation:
it would be fine hopefully
Answer:
$593.45
Explanation:
In order to compute the current value of this bond we need to applied the present value formula which is to be shown in the attachment
Given that,
Future value = $1,000
Rate of interest = 11%
NPER = 5 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the current value of the bond is $593.45