Answer:
0.09 or 9%
Explanation:
This question has some irregularities. The correct question should be :
Elinore is asked to invest $4,900 in a friend's business with the promise that the friend will repay $5,390 in one year's time. Elinore finds her best alternative to this investment, with similar risk, is one that will pay her $ 5,341 in one year's time. U.S. securities of similar term offer a rate of return of 7%. What is the opportunity cost of capital in this case?
Solution
Given from the question
Investment (I) = $4,900
Return on investment (ROI) in one year = $5,341
Rate or opportunity cost of capital r is given by
ROI = I × (1 + r)
input the given data
$5,341 = $4,900 (1 + r)
$5,341 = $4,900 + $4,900r
$5,341 - $4,900 = $4,900r
r = ($5,341 - $4,900) / $4,900
r = 0.09
Or 9% in percentage
Answer:
Cost of Goods Sold for the month is $1656
Explanation:
Weighted Average Cost System calculates a new average for goods after each purchase.
Mountain Made Inventory Balance runs as follows:
<u>At Beginning:</u>
(3 quilts × $200) = $600
<u>After Purchased of 7 additional quilts for $210 each:</u>
(3 quilts × $200) + (7 quilts × $210) = $2070
New Inventory Cost = $2070/10quilts =$207 each
<u>At end</u>
2 quilts remained unsold. Therefore sold quilts were 8 ie (10quilts-2quilts)
Therefore cost of sold quilts is 8 × $207 = $1656
Answer: a. Boot camp is the military's version of employee orientation.
Explanation:
To become an employee in a company, it is standard practice for the employer to give the employee an orientation so that they may be able to perform better at their jobs because they would know what is expected of them and how to go about achieving this.
This is the same for the military. When they send recruits to boot camps, they are doing their version of employee orientation because the recruit will learn what Uncle Sam expects from them and how they are to accomplish these tasks.
Answer:
<u>Dietz corporation cash budget for the first quarter </u>
Total Receipts :
Collections from Customers $199,800
Receipts from Sale of Equipment $3,240
$203,040
Total Payments :
Direct materials $46,440
Direct labor $75,600
Manufacturing overhead $37,800
Selling and administrative expenses $48,600
Purchase of securities $15,120
$223,560
Net Receipts/(Payments) ($20,520)
Opening Balance $32,400
Closing Balance $11,880
Required Balance $27,000
Loan (Shortfall) $15,120
Explanation:
A cash Budget shows the future estimate of future cash incomes and cash expenditures.
