$8000 because you divide 5000 by 100 multiply it by 7.5 then by 2 and that gets you the interest after 1 year. Then you multiply it by 4 for 4 years and then add 5000 and you get $8000
Allocated costs of items sold = $10337.48
Allocated costs of remaining inventory = $2268.76
First, calculate how much inventory is actually produced from 2400 lbs of lobsters.
Tails = 2400/100*52 = 1248
Flakes = 2400/100*22 = 528
The value of that inventory is:
Tails = 1248 * $21 = $26208
Flakes = 528 * $14 = $7392
Total = $26208 + $7392 = $33600
<span>Now the percentage of value to distribute costs among.
Tails = 26208 / 33600 = 0.78
Flakes = 1 - 0.78 = 0.22
Cost of inventory
Materials: 2400 * $4.50 = $10800
Labor: $1,800
Total: $10800 + $1800 = </span><span> $<span>12600
Now let's distribute the cost between the tails and flakes:
Tails: 0.78 * $12600 = $9828
Flakes: 0.22 * $12600 = $2772
Now let's calculate the cost per pound of the inventory
Tails: $9828 / 1248 = $7.88/lb
Flakes: $2772 / 528 = $5.25/lb
Of the 1096 lbs of tails sold, that leaves 1248-1096 = 152 lbs in inventory.
Cost of tails sold = 1096 * $7.88 = $8636.48
Cost of remaining tail inventory = 152 * 7.88 = $1197.76
Of the 324 lbs of flakes sold, that leaves 528-324 = 204 lbs in inventory.
</span></span>Cost of flakes sold = 324 * $5.25 = $1701
Cost of remaining flake inventory = 204 * 5.25 = $1071
Allocated costs of items sold = $8636.48+$1701 = $10337.48
Allocated costs of remaining inventory = $1197.76+$1071=$2268.76
Answer:
the expected return on the portfolio is 15.50%
Explanation:
The computation of the expected return on the portfolio is shown below:
Total investment is
= $2,700 + $3,800
= $6,500
Now
Expected return of portfolio is
= ($2,700 ÷ $6,500) × 12 + ($3,800 ÷ $6,500) × 18
= 4.98% + 10.52%
= 15.50%
Hence, the expected return on the portfolio is 15.50%
Answer:
The cost of the preferred stock, including flotation is 11.31%
Explanation:
In order to calculate the cost of the preferred stock, including flotation we would have to use the following formula:
cost of the preferred stock= <u>Annual Dividend</u>
Price×(1-Flotation Cost)
cost of the preferred stock=<u> $11 </u>
$108×(1-10%)
cost of the preferred stock=<u> $11 </u>
$97.20
cost of the preferred stock=11.31%
The cost of the preferred stock, including flotation is 11.31%
Answer:
In this scenario, the following options are correct:
c.To avoid creating legal liability for your company.
e.To make the receiver understand the bad news.
Explanation:
- In our case, the options c and e are correct because if we are in a agreement with the shipping company then we have to fulfill the legal requirements and other obligations so that we don't have to face the legal issues in this case.
- Moreover, the letter will make the company full aware of the situation that why we are terminating our business relationship with them so that all the things remain clear.
- All other options are not valid in our scenario, like option a because we don't want to continue more correspondence with them due to their bad services. Similarly, the letter is intended to make them understand we don't want more business with them. We don't want the company that we are angry as it is not enough rather we do want to understand the whole scenario that they are not doing good business as well as we are going to end business with them.