Answer:
Annual market potential = $85,848 millions
Explanation:
The annual market potential is the expected sales value for the soft drink product for a year should the maximum number of potential consumers purchase the product at the average price.
Annual market potential = Average price × No of consuming unit × consumption rate per annum
Maximum number of consuming unit = 80%× 300 million =240 million
Consumption rate per buyer per annum = 365
Average price = $0.98
Annual market potential ($) = 0.98× 240× 365 =$85,848 millions
Annual market potential = $85,848 millions
Answer:
The proceeds that Mobilee Oil Company receives is $10,149.65
Explanation:
Value upon maturity=principal amount+interest of 120 days
Value upon maturity=$10,000+(120/360*8.5%*$10000)
Value upon maturity=$10,000+$283.33
Value upon maturity=$10,283.33
the value is receivable in 120 days time
On May 1st , the note has earned 68 days interest(29 days in March,30 days in April plus 9 days in May)
Hence the interest days lost is 52days(120-68)
Discounted amount =$10,283.33-(52/360*9%*$10,283.33)
=$10,283.33-$133.68
=$10,149.65
Answer:
$26,516.67
Explanation:
Using the area occupied as a method of cost allocation (for maintenance and utilities expenses) will result in the departments occupying larger spaces bearing larger cost than departments occupying smaller spaces.
Furthermore, the same is applicable to the administrative expense which is based on the number of students.
Given that the administrative costs for the school were $63,000, maintenance fees were $25,000, and utilities were $7,300, the amount to be allocated to welding department is
= 70/280 * $63,000 + 12,000/36,000 * ($25,000 + $7,300)
= $15,750 + $10,766.67
= $26,516.67
Answer:
A. $ 310 comma 400
Explanation:
Terms of 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
According to given data
Sales = $320,000
Discount will not be recorded as expense so it should be deducted
Discount = $320,000 x 3% = $9,600
Amount of Check = $320,000 - $9,600 = $310,400
Answer:
It is likely I sold 500 shares between $40 and $42 per share
Explanation:
Given that:
No of Shares owned = 500 Shares
Current Price per share = $50
Stop limit order price per share = $40
Thus, note that, Stop Limit order is a type of order that specify, the maximum amount at which an individual is willing to buy a stock i.e stop limit buy order or the minimum amount at which individual is willing to sell a stock i.e stop limit sell order.
Therefore, as I have placed a Stop limit sell price at $40, this implies that minimum price for the sale of share is fixed at $40, hence, if the selling price falls to $30, sale will not be executed.
However, Sale will be executed at $40 or more. Therefore, as the share price rose to $42 per share, it is likely I sold my share between $40 and $42
Hence, It is likely i sold 500 shares between $40 and $42 per share