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uysha [10]
2 years ago
5

The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:

Business
1 answer:
Zina [86]2 years ago
5 0

Answer:

A. $5,820,000

B. $4,425,000

C. $1,130,000

Explanation:

<u>A. Cost of goods sold.</u>

<em>Cost of goods sold = Sales - Gross Profit</em>

                                = $7,270,000 - $1,450,000

                                = $5,820,000

<u>B. Direct materials cost.</u>

<em>Direct materials cost = Material Purchases - Ending Material Inventory - Indirect Materials</em>

                                   = $5,100,000 - $480,000 - $195,000

                                   = $4,425,000

<u>C. Direct labor cost.</u>

<em>Direct labor cost = Total Manufacturing Cost - Indirect labor - indirect materials - direct materials - other factory overheads</em>

                            = $6,170,000 - $330,000 - $195,000 - $4,425,000 - $90,000

                            = $1,130,000

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Answer:

Required return 10.27%

Dividend yield 5.77%

Expected capital gains yield 4.5%

Explanation:

Calculation for required return using this formula

A. R = (D1 / P0) + g

Let plug in the formula

Required return = ($2.30 / $39.85) + .045

Required return = .1027*100

Required return= 10.27%

Therefore Required return is 10.27%

Calculation for dividend yield using this formula

Dividend yield = D1 / P0

Let plug in the formula

Dividend yield = $2.30 / $39.85

Dividend yield = .0577*100

Dividend yield = 5.77%

Therefore Dividend yield is 5.77%

Calculation for the expected capital gains yield

Using this formula

Expected capital gains yield=Required return-Dividend yield

Let plug in the formula

Expected capital gains yield=10.27%-5.77%

Expected capital gains yield=4.5%

Therefore Expected capital gains yield is 4.5%

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3 years ago
There is a flexible exchange rate system and only two countries in the world, the United States and Mexico. If the inflation rat
xz_007 [3.2K]

Answer: The correct answer is "a. the dollar will depreciate and the peso will appreciate.".

Explanation:  If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that the dollar will depreciate and the peso will appreciate.

As inflation in the United States is higher, the dollar is affected by a loss of purchasing power, therefore it depreciates with respect to the Mexican peso.

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3 years ago
A food truck is an example of which kind of distribution channel?
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Did you ever find the answer?

4 0
3 years ago
Read 2 more answers
Abe and Jan are well to do and are concerned that the estate tax exemption of $10,500,000 (combined) will not be sufficient to a
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3 years ago
The current sections of Whispering Winds Corp.’s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Wi
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Answer:

The amount of cash provided by  operating activities is $155,000

Explanation:

The net cash provided by operating activities is shown below by the cash flow statement extract:

Net income                                                                 $152,000

depreciation  expense                                             $24,900

increase in accounts receivable($109700-$77900)($31,800)

Decrease in inventory($171,900-$157,000)              $14,900

increase in prepaid expenses($26,700-$25,100)   ($1,600)

increase in accrued expenses($14,600-$8400)      $6,200

decrease in accounts payable($95,100-$85,500) ($9,600)

net cash provided by operating activities                $155,000

Note:

An increase in liability means depriving the other party some cash,hence it is positive and vice versa.

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