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3 years ago

Kennedy Company reports the following costs and expenses in May.

Business

1 answer:

yuradex [85]3 years ago

6 0

Answer and Explanation:

The computation is shown below:

a. The manufacturing overhead is

= factory utilities + depreciation on factory equipment + indirect factory labor + indirect material + factory manager salary + property tax + factory repairs

= $16,500 + $12,650 + $48,900 + $70,800 + $8,000 + $2,500 + $2,000

= $161,350

b. The product cost is

= Direct material used + direct labor + total manufacturing overhead

= $157,600 + $79,100 + $161,350

= $398,050

c. The period cost is

= Depreciation on delivery truck + sales salaries + repairs to office equipment + advertising + office supplies used

= $3,800 + $48,400 + $1,300 + $23,000 + $4,640

= $81,140

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Edelman engines has $20 billion in total assets. Its balance sheet shows $2 billion in current liabilities, $10 billion in long-

Lemur [1.5K]

<u>Calculation of Edelman's market/book ratio:</u>

The market/book ratio is calculated with the help of following formula:

Market/book ratio = Market price per share / Book value per share

The Book value per share can be calculated as follows;

Book value per share =Common Equity/ Shares of common stock outstanding

= 8,000,000,000 /500,000,000

= 16

Hence ,

Market/book ratio = 25/16 = 1.56

Hence, Edelman's market/book ratio is <u>1.56</u>

5 0

3 years ago

2. A depositor puts $25,000 in a saving account that pays 5% interest, compounded semiannually. Equal annual withdrawals are to

Umnica [9.8K]

Answer:

The correct answer is $1265.60.

Explanation:

According to the scenario, the given data are as follows:

Present Value (PV) = $25,000

Rate of interest = 5%

Rate of interest ( semi annual) (r) = 2.5%

Time period (semi annual) = 2

So, First we calculate the effective annual interest rate,

Effective annual interest rate = ( 1 + r)^n = (1.025)^2 -1

=5.0625%

So, Annual Withdrawal = PV × Effective annual interest rate

by putting the value, we get

Annual withdrawal = $25,000 × 5.0625%

= $1265.60

7 0

3 years ago

Has anyone ever had the thought of wanting more friends but you are so weary of the people around you that you are not sure? I a

Maru [420]

Answer:

I wanna be friends!

Explanation:

I like Anime

3 0

2 years ago

Read 2 more answers

Suppose there are several countries that are efficient at producing coffee beans and Brazil is one of those countries. While Bra

IgorC [24]

Answer:

e. comparative advantage

Explanation:

As the opportunity cost of Brazil to produce coffee beans is lower than other countries it can sale their production to a gain and then use it to acquire the electronics on which is not as efficient.

Brazil has a comparative advantage producing coffee beans. Thus, is better for the global economy for brazil to produce coffee beans instead of electronics.

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3 years ago

Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remaind

OlgaM077 [116]

Answer:

The amount of cash collected in March should be:

$51,000.

Explanation:

a) Data and Calculations:

Budgeted sales and Cash Collections:

January February March April

Total sales $50,000 $60,000 $40,000 $30,000

Collections:

35% month of sales 17,500 21,000 14,000 10,500

45% month following 22,500 27,000 18,000

20% second month 10,000

Total collections in March $51,000

b) The above calculations concentrated on the month of March, being the month of interest. Though, sales on account totals $40,000, the cash collections for the month amounts to $51,000. This arises from cash collections from the months of January and February.

4 0

2 years ago