Quilt and Dye Fabrics is an example of a company that <u>Imports</u>.
<u>Option: E</u>
<u>Explanation:</u>
An import-export business is that facilitates exchange between domestic and foreign corporations in goods and services. In other terms, it is a business that globally buys products and sends them in for domestic sales and vise the other way around.
An import is commodities carried from an external source into a jurisdiction, particularly across a national border. The faction that has put in the success is considered an importer. An import into the destination country is a send country export.
Answer:
$213.40
Explanation:
Freedom Wine
Maximum daily fee =
(Received average in check per day × delay in clearing days) × Current interest rate percent per day
Maximum daily fee = ($684,006 ×1.3) × 0.00024
=$889,207.8×0.00024
= $213.40
Therefore the highest daily fee the company should be willing to pay to eliminate its float entirely will be $213.40
Answer:
$1000
Explanation:
The cash received from the equipment sale is equals to the initial cost of the equipment which is $10,000 minus total accumulated depreciation on the equipment charged till date.
Total accumulated depreciation on the equipment=Opening balance of accumulated depreciation+depreciation charge for the year-closing balance of accumulated depreciation
Total accumulated depreciation on the equipment=$22,000+$4,000-$17,000
=$9,000
cash proceeds=$10,000-$9,000=$1000
The cash outflow at the start of a project is termed the initial capital investment, and includes any investment in fixed assets required by the project.
A project cash flow includes revenue and costs. Project cash flow refers to how the cash flows in and out of an organization in regard to a specific existing or potential project.
Initial investment is the amount required to start a business or a project. The cash flow in the initial investment stage is estimated mainly at planning stages of a business or a project. Fixed capital, salvage value, working capital, tax rate, and book value are considered, while calculating the initial cash flows.
Hence, the cash outflow at the start of a project includes any investment in fixed assets required by the project.
To learn more about initial capital investment here:
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Answer:
A Martin Company
1. Income statement
unit sold <u> 11,500</u>
Sales $466,900
Production cost (11,500*$28) $322,000
Gross Profit 144,900
Annual selling and administrative expenses <u> (59,700)</u>
Net Income <u> 85,200</u>
Desired reurn on investment = Net Income = 12%*710,000
= $85,200
Mark-up = Net income/cost = $85,200/$322,000 = 26.5%
sales = $466,900
B.
SHIMADA PRODUCTS CORPORATION
Target cost = Estimated selling price - desired profit
= $15 - $3.6 =
= $11.4
Desired profit per unit = ( 12%*11880,000)/396,000
= $3.6
Explanation:
