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7nadin3 [17]
3 years ago
5

Rates for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per pa

ge each time a page is revised. If a certain manuscript has 100 pages, of which 40 were revised only once, 10 were revised twice, and the rest required no revisions, what was the total cost of having the manuscript typed?(A) $430
(B) $620
(C) $650
(D) $680
(E) $770
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer:

Correct option is (D)

Explanation:

Given:

Cost for typing for the first time = $5 per page

Cost of revision = $3 per page each time.

Number of pages in the manuscript = 100

Cost of typing 100 pages for the first time = 100 × 5 = $500

Cost of 40 pages revised once = 40 × 3 = $120

Cost of 10 pages revised twice = 10 × (3 × 2) = $60

Total cost of manuscript = 500 + 120 + 60

                                         = $680

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alexdok [17]
Wait what am i suppose to do...?
5 0
3 years ago
Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items stolen from
denpristay [2]

Answer: True

Explanation:

An exculpatory clause is a form of contract provision which relieves one party of liability when damages are caused while executing the contract. The party which ssues the exculpatory clause is the one that is seeking to be relieved of any potential liability incurred.

There has already been a notice that "the garage is not responsible for any item stolen from the car". Roger parking his car at the garage is at his own risk as the garage owners won't be responsible.

6 0
3 years ago
The information below pertains to Barkley Company for 2015.
alexira [117]

Answer:

a. $1.38

b. anti-dilutive.

Explanation:

<em>Basic Earnings Per Share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stock Holders</em>

<u>Earnings Attributable to Holders of Common Stock Calculation :</u>

Net income for the year                                                        $1,160,000

Less Bond Interest after tax ($2,010,000 × 7% × 80%)        ($112,560)

Less Preference Stock dividend ($4,080,000 × 6%)          ($244,800)

Earnings Attributable to Holders of Common Stock           $802,640

<u>Weighted Average Number of Common Stock Holders Calculation :</u>

Common Stock (5,800,000 / $10)                                          580,000

Weighted Average Number of Common Stock Holders      580,000

Basic Earnings Per Share = $802,640 / 580,000

                                           = $1.38

<em>Diluted Earnings Per Share = Adjusted Earnings Attributable to Holders of Common Stock / Adjusted Weighted Average Number of Common Stock Holders</em>

<u><em>Adjusted</em></u><u> Earnings Attributable to Holders of Common Stock Calculation :</u>

Earnings Attributable to Holders of Common Stock                    $802,640

Add Back Bond Interest after tax ($2,010,000 × 7% × 80%)         $112,560

Add Back Preference Stock dividend ($4,080,000 × 6%)           $244,800

<em>Adjusted</em> Earnings Attributable to Holders of Common Stock   $1,160,000

<u><em>Adjusted</em></u><u> Weighted Average Number of Common Stock Holders Calculation</u>

Weighted Average Number of Common Stock Holders                 580,000

Add Convertible Bonds ($2,010,000 / $1,000 × 30)                          60,000

Add Convertible Preference Shares ($4,080,000/$100 ×3)            122,400

Less Common Stock Options                                                              (82,100)

<em>Adjusted</em> Weighted Average Number of Common Stock Holders 680,300

Diluted Earnings Per Share =  $1,160,000 / 680,300

                                              =  $ 1.70

Conclusion : Convertible Bonds, Convertible Preference Shares and Common Stock Options are anti-dilutive.

6 0
3 years ago
A stock has an expected return of 11.85 percent, its beta is 1.24, and the expected return on the market is 10.2 percent. What m
prisoha [69]

Answer:

The risk free rate is 3.325%

Explanation:

The required rate of return or cost of equity of a stock can be calculated using the CAPM. The CAPM estimates the required rate of return of a stock based on three factors- risk free rate, stock's beta and the market risk premium. The equation of required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on market
  • (rM - rRF) gives us the risk premium of market

We already have the values for r, Beta and rM. Plugging in these values in the formula, we calculate the rRF to be,

Let rRF be x.

0.1185 = x + 1.24 * (0.102 - x)

0.1185 = x + 0.12648 - 1.24x

1.24x - x  =  0.12648 - 0.1185

0.24x = 0.00798

x = 0.00798/0.24

x = 0.03325 or 3.325%

3 0
3 years ago
ACME Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expense
Elodia [21]

Answer:

$23,740

Explanation:

Given that,

Sales = $103,000

Fixed expenses for the month = $36,000

Contribution margin ratio = 58%

Net operating income:

= (Contribution margin ratio × Sales) - Fixed expenses for the month

= (0.58 × $103,000) - $36,000

= $59,740 - $36,000

= $23,740

Therefore, the best estimate of the company's net operating income in a month when sales are $103,000 is $23,740.

8 0
3 years ago
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