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Answer:
a. $81,900.
Explanation:
The contribution margin per unit is obtained by dividing the total contribution margin by the 24,000 units produced.
The expected operating income is given by the contribution margin minus the fixed costs. For 29,000 units sold, the operating income is:
The answer is a. $81,900.
Answer:
The yield to call is 2.24%.
Explanation:
To calculate the yield to call, you can use the following formula:
YTC = (C + (CP - P) / t) / ((CP + P) / 2)
YTC= Yield to call
C= Annual Coupon: 0
CP= Call price of the bond: $509
P= Price of the bond: $455
t= time remaining until call date: 5
YTC= (0+(509-455)/5)/((509+455)/2)
YTC=(54/5)/(964/2)
YTC= 10.8/482
YTC= 0.0224= 2.24%
Answer:
(a)
1. Kalispell State Bank
2. Glacier Boutique
3. Big Sky Sports
4. Kalispell State Bank
5. Big Sky Sports
6. Big Sky Sports
7. None of the above
8. Glacier Boutique
9. None of the above
10. Big Sky Sports
(b) Business transactions refers to the transactions that are related to only business, such as purchase of land, machinery, goods for business purposes. Any type of personal transaction is not included in business transaction.
Answer:
The answer is stated below:
Explanation:
The accounting equation is as follows:
Assets = Liabilities + Stockholders' Equity
Analyzing the transactions:
1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity
So,
Assets = Liabilities + Stockholders' equity
+ $4,000 = $0 + +$4,000
2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.
So,
Assets = Liabilities + Stockholders' equity
+ $10,500 = +$10,500 + $0
3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.
So,
Assets = Liabilities + Stockholders' equity
- $1,200 = $0 + -$1,200
