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3 years ago

Assume that the following events occurred at a division of Generic Electric for March of the current year:

Business

1 answer:

Crank3 years ago

6 0

Answer:

$192 million; $153.60 million; $38.40 million

Explanation:

Given that,

Direct material purchased = $80 million

Direct labor costs = $51 million

Manufacturing overhead = $77 million

Percent of the work-in-process completed = 80%

(1) Transfers-In:

= Direct materials + Direct labor costs + Manufacturing overhead

= (80% × $80 million) + $51 million + $77 million

= $64 million + $51 million + $77 million

= $192 million

(2) Transfer-out:

= Transfers-In × percent of the work-in-process completed

= $ 192 million × 80 %

= $ 153.60 million

(3) Ending Balance:

= Transfers-In - Transfer-out

= $192 million - $ 153.60 million

= $38.40

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3. Which part of a letter identifies the address of the person writing the letter

bulgar [2K]

Answer:

Return Address

Explanation:

There are primarily 7 parts of a letter and these are the following:

1. Letterhead/Heading (business) or Return Address (an individual)

2. Date

3. Inside Address

4. Salutation/Greeting

5. Body

6. Complimentary Close

7. Signature

The "Return Address" refers to the address of the sender. This includes the name of the sender as well. This is very important especially if the letter requires a response from the recipient.

8 0

3 years ago

On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $100 million. The bonds mature

Sauron [17]

Answer:

The bonds were issued at $87,590,959

Explanation:

The bonds will be issued at the present value of the coupon and maturity discounted by the market rate

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 6,000,000.000 ( 100 million x 6%)

time 30 (2051 - 2021)

market rate 7% = 7/100 = 0.07

$6000000 \times \frac{1-(1+0.07)^{-30} }{0.07} = PV\\$

PV $74,454,247.1010

PV of the maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 100,000,000.00

time 30.00

rate 0.07

$\frac{100000000}{(1 + 0.07)^{30} } = PV$

PV 13,136,711.72

Total current value of the bonds:

PV coupon $ 74,454,247.1010

PV maturity $ 13,136, 711.7155

Total $87,590,958.8165

8 0

3 years ago

Insurance is deemed by some as a social and merit good. Discuss the pros and cons of insurance within the context of it being de

Alex787 [66]

Insurance is a social and merit good as it makes financially risk averse people better off. It can help protect a business or a person from financial loss, liabilities or instability in the case of an owner or business partner's death. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

8 0

3 years ago

Jennifer is leasing a car from a local auto retailer. The terms of the lease include a 9% interest rate for 36 months with a res

uysha [10]

Answer: $312.06

Explanation:

We are given that :

MSRP = $17500 , time = 36 months , interest rate = 9% , residual value = 57%

Exact residual value = 57% of 17,500 = $9975

Also, we know Money factor = rate ÷ 2400

money factor = 0.00375

Step 1 : To calculate monthly depreciation by using the formula :

Monthly Depreciation: MSRP-RESIDUAL VALUE / No. of MONTHS

17500-9975 / 36 = $209.03

Step 2 : To calculate monthly financial charge by using the formula :-

Monthly financial charge=( MSRP + RESIDUAL VALUE) . MONEY FACTOR.

Monthly financial charge = (17500+ 9975) . 0.00375= $103.031 25

Step 3 : To calculate lease amount by using the formula :

Lease payment = Depreciation + Financial charge

Lease payment = 209.03 + 103.031 25= 312.06

So, the approximate lease payment is $312.06

5 0

3 years ago

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.3 milli

laiz [17]

Answer:

MACRS 3 year depreciation schedule

33.33% x $2,300,000 = $766,590

44.45% x $2,300,000 = $1,022,350

14.81% x $2,300,000 = $340,630

carrying value at end of year 3 = $170,430

net after tax cash flow from salvage value = $210,000 - [($210,000 - $170,430) x 22%] = $201,294.60

cash flows:

year 0 = -$2,300,000 - $270,000 = -$2,570,000

year 1 = [($1,720,000 - $628,000 - $766,590) x 0.78] + $766,590 = $1,020,410

year 2 = [($1,720,000 - $628,000 - $1,022,350) x 0.78] + $1,022,350 = $1,076,677

year 3 = [($1,720,000 - $628,000 - $340,630) x 0.78] + $340,630 + $201,294.60 + $270,000 = $1,397,993

NPV = $297,794, and IRR = 16.12%

6 0

3 years ago