Answer & Explanation:
a. Using the high-low method, Variable cost per unit is;
= $1.40
b. Fixed Cost
= Total Cost at lowest unit - Variable costs at lowest unit
= 14,860 - (1.4 * 8,600)
= $2,820
c. Variable cost at 8,170 units + Fixed cost
= (8,170 * 1.4) + 2,820
= $14,258
Making<span> the total </span>minimum payment<span> each month </span>means<span> you avoid a late </span>payment <span>fee and ensures you can keep using your card. This is the defenition of making a minimum payment so I would go with answer A</span>
Answer:
When interest rate are higher than coupon rate the company may want to purchase the bond in the open market
Explanation:
As the market value of the bond is considered as the present value of the coupon and maturity discounted at market rate a higher rate will make the present value of the bond to decrease therefore, below par. this makes the company a better option to purchase the bond rather than calling if it wants to retire the bonds.
Answer:arithmetic average annual return per year= 3.75%
Explanation:
Year 1 = 10%
Year 2= 15%
Year 3 = 15%
Year 4 = -25%
total return = 15%
Arithmetic average annual return per year =(Return of year1 + return of year 2 + return of year 3+ return of year 4 )/4 = 15% /4 = 3.75%
Answer:
Ending inventory value= $9,127
Explanation:
Giving the following information:
January: 17 units at $127
February: 27 units at $137
May: 22 units at $147
September: 19 units at $157
November: 17 units at $167
<u>Using the specific identification method, we need to multiply each unit for its specific cost.</u>
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Ending inventory:
January= 9*127= 1,143
February= 11*137= 1,507
May= 13*147= 1,911
September= 11*157= 1,727
November= 17*167= 2,839
Ending inventory value= $9,127
