Let us denote the number of headphones with h. If tax rate applies on the revenue of 10h, then the cost and the revenue can be calculated as: cost= 5h + 200revenue=10h - 0.2(10h) = 8h
8h - (5h + 200) = 4008h - 5h - 200 = 4003h = 600h = 200
So, in order to meet the goal of $400 we should sell 200 headphones.
B. extracurricular activities!
Answer:
IRR = 10.75%
Explanation:
The yield to maturity will be the rate at which the present value of the coupon payment and the maturity equals the market price.
C 57.50
time 24
PVc
Maturity 1,000.00
time 24.00
PVm
PV c $765.3158
PV m $284.6842
Total $1,050.0000
rate ?
The only way to solve this equation is with trial and error. Because of technological advance we can do it using excel goal seek.
we write the formula for the PV of an ordinary annuity
and the formula for a lump sum
below them we add them both together
then we define a cell for the rate
and we determinate that we want the cell which contain the sum to match 1,050 changing the rate cell
this will give us an IRR of 0.10749 = 10.75%
Answer:
The required journals to be recorded are as follows:
On January 10:
Debit Accounts receivable $20,900
Credit Sales revenue (credit) $20,900
<em>(To recognize account receivables on merchandise sale)</em>
On February 9:
Debit Notes receivable $20,900
Credit Accounts receivable $20,900
<em>(To reclassify accounts receivable to notes receivable)</em>
On March 9:
Debit Interest receivable $174.17
Credit Interest revenue $174.17
<em>(To record interest on notes receivables [</em>$20,900 x 10%/12]<em>)</em>
Explanation:
- First, on January 10, when Metlock Inc. sold merchandise on account to Monty Co., Metlock has to recognize an accounts receivable because the sales transaction was on account.
- However, since Monty gave a 10% promissory note, Metlock has to record the same by reclassifying the initially recognized accounts receivable to notes receivable, since that is what the company is expecting.
- The 10% on the promissory notes means Metlock would be recognizing the amount in its interest revenue.
Answer:
An opportunity cost
Explanation:
The opportunity cost is the cost where the loss occurs from the benefit could have been enjoyed in the case when the best alternative choice was selected Since in the question it is mentioned that the company operating at a capacity and than lose revenue from the regular customers so it is an opportunity cost
