Answer:
The answer is $86,167.57 (to 2 decimal places)
Explanation:
In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:
PV = FV ÷ 
where:
PV = present value = ???
FV = future value = $200,000
r = interest rate in decimal = 8.6% = 0.086
n = compounding period pr year = semiannually = 2
t = time of compounding in years = 10
Therefore,
PV = 200,000 ÷ 
PV = 200,000 ÷ 
= $86,167.57
Answer:
The correct answer is $302.40.
Explanation:
According to the scenario, the computation can be done as:
To calculate firms' earning first we less cost of goods and total operating expenses from sales revenue:
= $3,060 - $1,800 - 600
= $660
Now we deduct the interest expense, then
= $660 - $126
= $534
Now we deduct tax rate, then
= $534 × $213.60 ( $534× 40%)
= $320.40
Now we finally deduct the dividends to get the firm's earning to common shareholder's, then
= $320.40 - 18
= $302.40
Hence, the firm's earning to common shareholder's is $302.40.
Answer:
$28,800
Explanation:
I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.
accrued interests from September to December = principal x (9%/12) x 4 months
principal = $480,000 x 2 = $960,000
accrued interest payable = $960,000 x 0.75% x 4 = $28,800
Answer:
1. Drawings A/c. dr. 15,000
To Cash A/c. 15,000
2. Cash A/c. Dr. 63,000
To Sales A/c. 63,000
3. Drawings A/c. Dr. 12,000
To Cash A/c. 12,000
4. Purchases A/c. Dr. 31,000
To Creditors A/c. 31,000
5. Drawings A/c. Dr. 16,000
To Purchases A/c. 16,000
6. Dalip Singh A/c. Dr.35,000
To Sales A/c. 35,000
7. Rent A/c. Dr. 22,000
To Bank A/c. 22,000
8. Purchases A/c. Dr. 19,000
To Cash A/c. 19,000
Answer:
Target cost per unit = $3.52
Explanation:
Given:
Projected sales = $300,000 or 75,000 units
Desired profit = $36,000
Find:
Target cost per unit
Computation:
Target cost per unit = [Projected sales - Desired profit] / Total units
Target cost per unit = [$300,000 - $36,000] / 75,000
Target cost per unit = $264,000 / 75,000
Target cost per unit = $3.52
