You would have to divide the number of bushels by the price.
Answer:
$5,880
Explanation:
The computation of the value of inventory at the lower of cost or market value is shown below
= Number of units purchased × lower per unit
= 280 units $21
= $5,880
Since the lower value per unit is $21 among all given per unit value and the same is to be considered
All other information which is given is irrelevant. Hence, ignored it
Answer:
$152,600
Explanation:
The computation of the cost of the land is shown below:
Cost of the land = Purchase price + real estate commissions + delinquent property taxes + closing costs + clearing and grading of the land
= $125,000 + $9,500 + $1,800 + $3,500 + $12,800
= $152,600
We considered all the given information
hence, the cost of the land is $152,600
Answer:
The amount that Lena will invest in fund B would be $4000.
Explanation:
Given information -
Amount invested in fund A - $6000
Return earned on fund A - 6%
Let us assume amount invested in fund B be x
Return earned on fund B - 1%
Return on both funds together - 4%
Let us assume the total amount of fund invested be ($6000 + x)
Now using simple equation , we will take out the value of x which is the amount invested in fund B -
$6000 X 6% + x X 1% = 4% ( $6000 + x )
= $360 + .01 x = $240 + .04 x
= $360 - $240 = .04 x - .01 x
$120 = .03 x
x = $120 / .03
= $4000.
Answer:
$26.67 million
Explanation:
The computation of price per share is shown below:-
Total market value = $1,150 million + $120 million
= $1,270 million
Market value of equity = Total market value - value of debt - value of preferred stock
= $1,270 million - ($120 million + $300 million + $50 million)
= $1,270 million - $470 million
= $800 million
Price per share = Market value of equity ÷ Stock outstanding
= $800 million ÷ $30 million
= $26.67 million
