Answer:
a. 9.43%
Explanation:
IRR is the rate of return that makes initial investment equal to present value of cash inflows
Initial investment = Annuity*[1 - 1 /(1 + r)^n] /r
1250 = 325 * [1 - 1 / (1 + r)^5] /r
Using trial and error method, i.e., after trying various values for R, lets try R as 9.43%
1250 = 325 * [1 - 1 / (1 + 0.0943)5] /0.0943
1250 = 325 * 3.846639
1250 = 1,250
Therefore, The project IRR is 9.43%
 
        
             
        
        
        
Answer:
$57,600
Explanation:
The computation of the total amount paid to preferred shareholders are shown below:
= Number of shares for preferred stock × par value × dividend rate × number of years
= 1,200 shares × $100 × 12% × 4 years
= $57,600
In case of cumulative, the number of years would be four years for dividend paid
All other information which is given is not relevant. Hence, ignored it
 
        
             
        
        
        
D) when you charge more than your current credit limit 
Why: because my sister has done it and I did that question in my school 
Hope this helps good luck!!
        
             
        
        
        
Answer:
1) Colt Carriage Company
Income Statement
For the month ended April 202x
Revenues:
- Adults passengers $186,300
- Children $81,000                      
- Total revenues                                       $267,300
Variable costs:
- City fees $26,730
- Souvenirs $7,425
- Brokerage fees $11,340
- Carriage drivers $52,650
- Total variable costs                                  <u>$98,145</u>
Contribution margin                                        $169,155
Period costs:
- Depreciation $2,900
- Horse leases $48,000
- Marketing expenses $7,350
- Payroll expenses $7,600
- Total period costs                                  <u>$65,850</u>
Operating profit                                             $103,305
2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change. 
Contribution margin should increase by 10.29% and operating profit would increase by 16.81%. 
Explanation:
since the information is not complete, I looked it up: 
Revenues
13,500 passengers:
8,100 x $23 = $186,300
5,400 x $15 = $81,000
total $267,300
variable costs:
fees paid to the city 10% of total revenue
souvenirs $0.55 per passenger
brokerage fees 60% of total tickets x $1.40
carriage drivers $3.90 per passenger
fixed costs:
depreciation $2,900
horse leases $48,000
marketing expenses $7,350
payroll expenses $7,600