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3 years ago

8

Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for

swimming pools c.paper mill d.swimming pool installer

1 answer:

mamaluj [8]3 years ago

7 0

Answer:

d swimming pool installer

Explanation:

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The company has net nonoperating obligations (NNO) of $10,000 and 5,000 shares outstanding. Calculate the per-share stock price

Arte-miy333 [17]

The per-share stock price for 2021 using the FCFF information for Target Corp. is $2.37.

Explanation:

Net non-operating obligations (NNO) = $10,000

Outstanding shares = 5,000 shares

Discount rate = 7%

Terminal Growth rate = 2%

Expected free cash flows for Target Corp. for 2019:

Current Forecast Horizon Terminal

2019 2020 2021 2022 2023 Year

Free cash flows (FCFF) $4,650 $4,880 $5,130 $5,390 $5,650 $5,766

Discount factor at 7% 0.935 0.873 0.816 0.763 0.713

PV of FCFF $4,563 $4,478 $4,398 $4,311 $4,111

a. Sum of PV of FCFF for 2020 to 2032 = $17,750 ($4,563 + $4,478 + $4,398 + $4,311)

b. The PV Terminal Year = $4,111

c. Total Firm Value = $21,861 ($17,750 + $4,111)

d. Total Equity Value = $11,861 ($21,861 - $10,000)

e. Per Share Stock Price = $2.37 ($11,861/5,000)

Thus, the per-share stock price for 2021 using the FCFF information for Target Corp. is $2.37.

Learn more: brainly.com/question/22681779

6 0

3 years ago

Refer to Scenario 15-2. Which of the following statements is most likely to be true? (i) New entrants to the market know they wi

prohojiy [21]

Answer: (i), (iii) and (iv)

Explanation:

PPCo is able to provide the entire needs of the county and and has been in operations for a few years gaining loyal customers and controlling the market. Any company that will want to come in will have to fight them for market dominance and as such will have a smaller market share than PPCo.

As PPCo is meet the demands of everyone in the county, they are most likely experiencing Economies of Scale. This means that they are making more revenue thereby driving total cost down as the fixed costs remain the same but Revenue climbs. This classifies them as a Natural Monopoly because Natural Monopolies experience Economies of Scale and declining average total costs.

3 0

4 years ago

London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500

Gwar [14]

Answer:

Gross profit per unit= $7.28

Explanation:

Giving the following information:

Job #266 consists of:

2,500 tiles; each tile sells for $12.00.

The following direct materials were requisitioned for Job #266:

Basic terra cotta tiles: 2,500 units at $4.00 per unit

Specialty paint: 5 quarts at $7.00 per quart

High gloss glaze: 4 quarts at $12.00 per quart

Labor time records show the following employees worked on Job #266:

Alice Cooper: 18 hours at $24 per hour

Matthew Kline: 20 hours at $13 per hour

Sierra Ceramics allocates manufacturing overhead at a rate of $27 per direct labor hour.

Gross profit= Sales - direct materials - direct labor - manufacturing overhead

Sales= 2500*12= $30,000

Direct materials:

Basic terra cotta tiles: 2,500*$4.00= $10,000

Specialty paint: 5*$7.00= $35

High gloss glaze: 4*$12.00= $48

Total= $10.083

Direct labor:

Alice Cooper: 18*$24= $432

Matthew Kline: 20*$13= $260

Total= $692

Manufacturing overhead= $27*38hours= $1026

Gross profit= 30000 - 10083 - 692 - 1026= $18,199

Gross profit per unit= 18199/2500= $7.28

3 0

4 years ago

How can a poor housing market put home buyers in a financially unstable position?

Jobisdone [24]

<span>Poor housing market put home buyers in a financially unstable position because when the home value decreases, property taxes and insurance costs increases. Though the amount of the housing is at low cost, taxes and insurance companies get competitive and demanding resulting to inflation over the years.</span>

7 0

4 years ago

Read 2 more answers

The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company

harina [27]

Answer:

$10,000

Explanation:

Net Credit Sales $250,000

Allowance for Doubtful Accounts $250,000*4%=$10,000

Bad Debt Expense will be $10,000

Bad Debt Expense Dr.$10,000

Allowance for Uncollectible Cr.$10,000

6 0

3 years ago