Answer:
Sales tax = 5% x 32340 = $1,616
Tina's sales for the month = $32,340 - $1,616 = $30,724
The correct option is D
Explanation: Since the total receipts include sales tax of 5%. We need to eliminate the sales tax from the total receipt so as to obtain Tina's sales for the month.
Answer:
The EAR you earn from the match is 100%.
Explanation:
Because you will receive a full 5% match if you invest 5% of your pay, this means you will earn 100% of the match up to 5%.
For instance, if you put in 5% of your salary which is determined to be $500 (i.e. $10,000 salary * 5%), East Coast Yachts will match that amount up to $500. This means that you will receive a 100 percent effective annual return (EAR) from the match.
As a result, the EAR you earn from the match is 100%.
Answer:
With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.
Explanation:
According to the given values in the question,
The expected value will be:
⇒ 
By putting all the given values, we get
⇒ 
⇒ 
⇒ 
($)
As we can see that,
Thus the above is the correct answer.
Answer:
The gross profit margin for the cat condo is 50%
Explanation:
Since the gross profit per unit is not given, so first we have to find it. The calculation is shown below:
= Selling price per unit - Direct materials cost per unit - direct labor costs per unit - Manufacturing overhead per unit
= $90 per unit - $15 per unit - $10 per unit - $20 per unit ( $10 per unit × 200%)
= $45 per unit
Now apply the Gross profit formula which is shown below:
= (Gross profit per unit ÷ selling price per unit) × 100
= ($45 per unit ÷ $90 per unit) × 100
= 50%
Answer:
e. Projects with "normal" cash flows can have only one real IRR
Explanation:
Normal cash flow refers to normal expected cash flow from the project, it might be negative, or positive. But generally there is a pattern in such cash flows. Initially they might be negative, but as the project starts getting mature there is positive cash flow.
This is normal circumstance. Under this there is only one real IRR. IRR is represented as the rate of return where present value of inflows = present value of outflows.
Thus, statement is true and correct.
