Marin Company’s general ledger indicates a cash balance of $22,340 as of September 30, 2021. Early in October Marin received a b
1 answer:
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Answer:
C) $340,240
Explanation:
Service Department Operating Department
Administrative Facilities Assembly Wholesaling
Departmental costs $26,840 $59,400 $183,430 $321,190
Employee time (hours) 4,000 2,000 29,000 15,000
Space occupied - sq ft 2,000 2,000 30,000 6,000
total administrative costs = $26,840
total employee hours = 29,000 + 15,000 = 44,000
administrative cost per employee hour = $26,840 / 44,000 = $0.61
total facilities costs = $59,400
total square feet = 30,000 + 6,000 = 36,000
administrative cost per employee hour = $59,400 / 36,000 = $1.65
total Wholesaling Department cost = $321,190 + ($0.61 x 15,000) + ($1.65 x 6,000) = $321,190 + $9,150 + $9,900 = $340,240
Answer:
E) 10.95%
Explanation:
Hi, in order to find the "g" or growth rate of this common stock, we need to solve the following equation.
Where:
P = Price
g = growth rate
r = market rate of return
Do = last dividend
So, we solve like this
And now we will have to work with its equivalent numbers
So, g = 10.95%
Best of luck.