Answer:
The answer is: Garnett Co.'s net income is $7,600
Explanation:
To determine the net income we must first calculate the cost of goods sold and the commissions paid:
- COGS = $50,000 x 40% = $20,000
- Commissions = $32,000 x 10% = $3,200
Now we can elaborate the following income statement for Garnett Co.
Total sales $32,000
COGS ($20,000)
Commissions ($3,200)
<u>Advertising expense ($1,200) </u>
Net income $7,600
Answer:
He invested $18,000 in the first account
he invested $12,000 in the second account
Explanation:
Let x represent the account that pays 7% simple interest
Let y represent the account that pays 10% simple interest
The sum of x and y gives a total investment of $30,000
x+y=30000..........1
From interest perspective , we have the below equation as well:
0.07x+0.10y=2460........2
From equation 1
x=30,000-y
substitute for x in equation 2
0.07(30,000-y)+0.10y=2460
2100-0.07y+0.10y=2460
0.03y=2460-2100
0.03y=360
y=360/0.03
y=$12,000
substitute for y in equation 1
x+12,000=30,000
x=30,000-12,000=$18,000
Answer:Percentage change in the book price =7.17%
Explanation:
Initial Price of the used book = $73.25
Discounted price = $68.00
Percentage change in the book price = Initial Price - Discounted price/ Initial Price) x 100
($73.25 - $68.00) /$73.25 =5.25 /$73.25 =0.07167
=7.17%
Answer:
I hope I am answering correctly based on your question but if you are asking what two numbers you add together to equal 30. The answer is 15+15. etc.
Answer:
Annual cashflow for the decision= $162 million
Explanation:
The proper cashflow would be determined as follows:
Contribution per unit = Sales price - variable cost
Contribution per unit of new chip = 25-8 = $17 per unit
Contribution per unit of old chip = 20 - 6 = 14 per unit.
<em>Contribution form the sale of the new chip = contribution per unit × annual sales in unit</em>
=17 × 12 million units = $204 million
<em>lost Contribution from the old chip = contribution per unit × lost annual sales in unit</em>
Lost contribution from old chip= $14 × 3 million unit = $42 million
Note that the lost contribution is an opportunity cost occasioned as a result of the introducing the new chip, hence the contribution should be deducted
Annual cashflow for the decision= $204 million -$42 million = $162 million
Annual cashflow for the decision= $162 million