Answer:
<em>Net operating Income of the company 130,000</em>
Explanation:
![\left[\begin{array}{cccc}-&East&West&Total\\Sales&690,000&140,000&830,000\\Variable&352,000&56,000&408,000\\Contribution&338,000&84,000&422,000\\Fixed Cost&104,000&24,000&292,000\\Income&234,000&60,000&130,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26East%26West%26Total%5C%5CSales%26690%2C000%26140%2C000%26830%2C000%5C%5CVariable%26352%2C000%2656%2C000%26408%2C000%5C%5CContribution%26338%2C000%2684%2C000%26422%2C000%5C%5CFixed%20Cost%26104%2C000%2624%2C000%26292%2C000%5C%5CIncome%26234%2C000%2660%2C000%26130%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We have to arrange the values, and don't forget to add the common fixed cost of 164,000 in the total fixed cost line.
Net operating Income of the company 130,000
Answer:
Larry's insurance policy cover = $729,000
Amount pay by Larry = $243,000
Explanation:
Given:
Number of insurance = 3
Each injured person awarded = $243,000
Find:
Larry's insurance policy cover
Amount pay by Larry
Computation:
Larry's insurance policy cover = Number of insurance × Each injured person awarded
Larry's insurance policy cover = $243,000 × 3
Larry's insurance policy cover = $729,000
Amount pay by Larry = $243,000 (For fourth person)
<span>First we must determine the cost of goods sold during November. For this we use beginning inventory ($368,000) + purchases ($217,500) - ending inventory ($226,750). This gives us a total cost of goods sold for November of $358,750.
Then, we take the net sales ($1,000,000) minus the cost of goods sold ($358,750) which equals our gross profit of $641,250.
Finally we divide gross profit ($641,250) by net sales ($1,000,000) to determine the gross profit rate to be 64.125%</span>
Answer:
Amount after 15 years = 183255.011
Explanation:
Below is the calculation to find the amount after 15 years:
Annuity amount or early deposited amount = $5200
Time period = 15 years
Interest rate = 11.3 %
Now we have to find the amount after 15 years:
Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]
Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]
Amount after 15 years = 183255.011
