All categories

3 years ago

Andrew Company has predicted the following costs for this year for 50,000 units:

Business

1 answer:

krok68 [10]3 years ago

5 0

Answer:

Explanation:

textAndrew Company has predicted the following costs for this year for 50,000 units:ManufacturingSelling and AdministrativeVariable$200,000$ 50,000Fixed300,000150,000Total$500,000$200,000What is the initial selling price needed to obtain a target profit of $25,000 using the variable costmarkup method?Select one:A. $14.70B. $ 5.00C. $ 8.00D. $ 4.50FeedbackRationale

:($300,000 + $150,000 + $35,000) / ($200,000 + $50,000) = 194%

markupVariable cost per unit = ($200,000 + $50,000) / 50,000 = $5.00 × 1.94 = $9.70 markup

Cost plus markup = $5.00 + $9.70 = $14.70

OR(VC $250,000 + FC $450,000 + Profit$35,000) / 50,000 = $14.70The correct answer is: $14.70

You might be interested in

5 th question answer please

NeX [460]

Answer:C

Explanation:

7 0

3 years ago

Read 2 more answers

If a firm has 50 employees at the point it applies for health coverage, what is its classification?

MAXImum [283]

If a firm has 50 employees at the point it applies for health coverage, it classifies as a small employer.

To be eligible for small business medical health insurance, an agency has to have between one and 50 employees. This is taken into consideration as a small commercial enterprise for purposes of purchasing organization medical health insurance. When you have extra than 50 employees, you will need to: observe for huge group insurance

Under the ACA, employers with 50 or greater full-time employees (or the equal in element-time personnel) ought to offer health insurance to 95% of their complete-time personnel or pay a penalty to the IRS. This penalty is pretty hefty—$3,860 in step with the worker in line with the year (in 2020).

The Affordable Care Act (ACA) is a comprehensive reform law, enacted in 2010, that will increase medical health insurance coverage for the uninsured and implements reforms to the medical health insurance market. This consists of many provisions which are constant with AMA coverage and holds the capacity for a higher health care system.

Learn more about the Affordable Care Act here brainly.com/question/26495011

#SPJ4

5 0

2 years ago

Northwest Fur Co. started the year with $92,000 of merchandise inventory on hand. During the year, $425,000 in merchandise was p

Artyom0805 [142]

Answer:

$ 142,800.00

Explanation:

The ending inventory can be computed by rearranging the cost of goods sold formula:

cost of goods sold=Beginning inventory+net purchases-ending inventory

ending inventory=beginning inventory+net purchases-cost of goods sold

beginning inventory is $92,000

Net purchases=purchases-discount+freight-in charges-purchase return

net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00

cost of goods sold is $372,000

ending inventory=$92,000+$422,800-$372,000=$ 142,800.00

8 0

4 years ago

Pls help!!! will give brainly!!!!

vovangra [49]

A company that makes and sells railway cars looking for a representative and I know this because it is the best fit for his skills

3 0

3 years ago

Read 2 more answers

West Corp. issued 20-year bonds two years ago at a coupon rate of 8.3 percent. The bonds make semiannual payments. If these bond

lora16 [44]

Answer:

Yield to Maturity (YTM) is 7.94 %.

Explanation:

Yield to Maturity (YTM) refers to internal rate of return that bond holder will earn if he purchased the bond today at the current market price and held it till maturity of the bond.

Yield to Maturity of the the bond = [Coupon payment+ (Future value of bond - Present value of bond / no. of Periods)] / [(Future value of bond + Present value of bond)/2] ---- (a)

Bond maturity period = 20 years

Coupon rate = 8.3 %

Par Value = 1000

No. of periods = 2 x 20 = 40 (semi- annual)

Coupon payment = 8.3 % x 1000 = 83 = 83/2 = 41.5 (Semi-annual)

Present value of bond = 104 percent of Par value = 104

Future value of bond = 1000

YTM = ?

Putting the values in equation (a),

Semi annual YTM = [41.5 + (1000-1040 / 40)] / [(1000 + 1040)/2]

Semi annual YTM = [41.5 + (-40/40) ] / [(1040)/2]

Semi annual YTM= [41.5 - 1] / 1020

Semi annualv YTM = 40.5 / 1020 = 0.0397

Hence, Annual yield to maturity = 0.0397 x 2 = 0.0794 or 7.94 %.

6 0

3 years ago