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3 years ago

The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.

Business

1 answer:

Nikitich [7]3 years ago

7 0

Answer:

See below

Explanation:

With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.

Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.

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Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today,

Aleks04 [339]

Answer:

correct option is e. $1,232.15

Explanation:

given data

Future value = $1,000

Rate of interest = 5.5%

NPER = 19 years

annual coupon bonds = 7.5%

solution

We will use here Present value formula for get current price of the bonds.

so here PMT is

PMT = Future value × annual coupon bonds ................1

put here value

PMT = $1,000 × 7.5%

PMT = $75

The formula we use in excel = -PV(Rate,NPER,PMT,FV,type)

so we will get here

after solving we get current price of the bond is $1,232.15

correct option is e. $1,232.15

6 0

3 years ago

Which of the following characteristics describe intangible assets? (You may select more than one answer. Single click the box wi

zimovet [89]

Answer: An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible

1. They lack physical existence.

2. They provide long-term benefits.

3. They are classified as long-term assets.

Explanation:

Examples of intangible assets include goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists. You can divide intangible assets into two categories: intellectual property and goodwill. Intellectual property is something that you create with your mind, such as a design.

5 0

3 years ago

What do firms stand to gain by increasing their market power?<br>

balu736 [363]

Increasing market power allows firms to raise prices and not lose customers. This is a way to increase revenues without increasing cost.

8 0

3 years ago

Benz corporation produces a filter that has a per unit cost of $18. the company would like a 30% markup. using cost-plus pricing

Strike441 [17]

The unit selling price of the selling price is equal to the sum of the original price and the amount that should be added for the marking-up, which is equal to 30% of the original per unit cost. This can be calculated through the equation below.

per unit selling price = ($18)(1.30) = $23.4

ANSWER: $23.4

5 0

3 years ago

Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl

babymother [125]

Answer:

d. 12.5 times.

Explanation:

The computation of the accounts receivable turnover ratio is shown below:

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

where,

Net credit sales is $8,500,000

And, the Average accounts receivable would be

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

= ($600,000 + $760,000) ÷ 2

= $680,000

So, the accounts receivable turnover ratio would be

= $8,500,000 ÷ $680,000

= 12.5 times

We simply applied the above formula

7 0

4 years ago