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Alekssandra [29.7K]

3 years ago

7

Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busines

s. the savings account paid 2% interest. what is bubba's annual opportunity cost of the financial capital that he invested in his business?

1 answer:

oee [108]3 years ago

7 0

2040 I think because 2 percent of 2000 is 40 so you add 2000+40 and you get 2040

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Simmons sold merchandise to Drake for $5,000 with payment terms of 2/10, n/30. Two days later, Drake returned two of the units a

QveST [7]

Answer:

the discount is for 60 dollars

therefore Simmons will pay 2,940 dollar for the inventory

Explanation:

From the invoice nominal we should remove the returned goods.

nominal 5,000

returns 2,000

balance: 3,000

commercial terms: 2/10 the discount is 2% if paid within 10 days

3,000 x 2% = 60 dollars

net cash disbursements: 3,000 - 60 = 2,940 dollars

3 0

3 years ago

The benefits of a strategic business plan do not include _____.:

djyliett [7]

Answer:

Early precautionary measures of trouble ahead can not be issued.

Explanation:

Since a strategic strategy maps out a path for the organisation to follow, it will enable it tighten its attention in order to get somewhere. Therefore, strategic preparation will help the organisation create the best priorities and strategies and help others concentrate their energies on achieving them.

8 0

3 years ago

A VC investor has invested $5 million in the preferred stock of a venture that is now being acquired for $50 million. The invest

Scorpion4ik [409]

Answer: $12.5 million

Explanation:

The best payoff the VC investor can get from the acquisition will be:

From the question, we've two options. The first option using the 2x Liquidation Preference will give a payoff of:

= 2 × $5 million

= $10 million

The second option using 25% of Common Shares will give a payoff of:

= 25% × $50 million

= 0.25 ÷ $50 million.

== $12.5 million

Therefore, the best Payoff is $12.5 Million.

4 0

3 years ago

Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following

Anton [14]

Answer:

Bob's predetermined overhead rate = 9.91

Explanation:

Calculation for predetermined overhead rate

Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours

Predetermined overhead rate = 110917 / 11198

Predetermined overhead rate = 110.917 / 11.198

Predetermined overhead rate = 9.91

8 0

3 years ago

Emma, Inc. reacquired 166,326 of its shares at $22 per share as treasury stock. Last year, for the first time, Emma sold 37,992

Lesechka [4]

Answer:

The correct answer is $152,949.

Explanation:

According to the scenario, the given data are as follows:

Reacquired shares = 166,326

Per share price = $22

So, we can calculate the retained earning decline by using following formula:

Retained earning decline = Cost of Treasury shares - Sales price - Paid in Capital from stock

Where, Cost of treasury shares = 48,987 × $22 = $1,077,714

Now Sales Price = 48,987 × $15 = $734,805

and Paid in Capital from stock = 37,992 × ( $27 - $22) = $189,960

By putting the value in the formula, we get:

Retained earning decline = $1,077,714 - $734,805 - $189,960

= $152,949

6 0

3 years ago