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navik [9.2K]
2 years ago
14

13. You just won a prize that comes with two payout choices. The first option is to get $100,000 right now and nothing hereafter

. The second option is to get $94,000 right now and $10,000 three years from now (and nothing after that). If your discount rate is 8%, which should you take?
Business
1 answer:
babymother [125]2 years ago
8 0

Answer:

C.second option

Explanation:

The computation is shown below

The present value of option 1 is $100,000

And, the present value of option 2 is

= $94,000 + $10,000 × Present value of discounting factor(8%,3)

= $94,000 + ($10,000 ÷ 1.08^3)

= $101,938.32

So as we can see that the option 2 has the highest present value so the right option is c.

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Ginocera Inc. is a designer, manufacturer, and distributor of low-cost, high-quality stainless steel kitchen knives. A new kitch
Juli2301 [7.4K]

Answer:

1. $432,000

2. Finished goods $776,000

Work in progress $230,000

Explanation:

GINOCERAINC. IncomeStatement For the Year Ended December31, 2016

Sales$17,920,000

(1,120,000 units × $16 )

Less Cost of goods sold10,864,000

(1,120,000 units × $9.70)

Grossprofit$7,056,000

Sellingexpenses:

Infomercial campaign $2,000,000

Promotional materials3,600,000.

(60,000 stores × $60)

Shipping  expenses 224,000

(1,120,000 units × $0.20)

Total selling expenses$5,824,000

Administrativeexpenses:

Legal expenses 800,000

Total operating expenses 6,624,000

($5,824,000+800,000)

Income from operations $432,000

($7,056,000-6,624,000)

Calculation of the Manufacturing cost per unit of Knife is:

Direct materials:

Hardened Steel Blanks $4.00

Wood for handle $1.50

Packaging $0.50

Total direct materials $6.00

Direct labor $0.50

Factory overhead $3.20

($800÷250 knives perhour)

Total manufacturing cost per knife $9.70

2. The  Finished Goods balance for year end  December 31, 2016 will be:

(1,200,000 units – 1,120,000 units) × $9.70 =

=80,000×$9.70

=$776,000

Work in Process, for the year ended December 31, 2016 will be:

25,000 units × ($6.00 + $3.20)

25,000 units × $9.2

= $230,000.

Note that materials, stamping as well  as factory overhead have been applied to the 25,000 units, but  direct assembly labor has not been applied for these units.

3 0
3 years ago
When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost
o-na [289]
Given that S<span>am's distribution of meal costs has a mean of $9 and a standard deviation of $3, this means that the range of Sam's meal cost that are within one standard deviation is given by ($9 - 3, $9 + 3) = ($6, $12).

Given that Sam </span><span>always tips the server $2 plus 10% of the cost of the meal, this means that when the cost of the meal is $9, Sam tips $2 + (0.1 x 9) = $2 + $0.9 = $2.90

Therefore, the mean of the distribution of Sam's tips is $2.90

Similarly, the </span><span>range of Sam's tips that are within one standard deviation is given by ($2 + 0.1(6), $2 + 0.1(12)) = ($2 + 0.6, $2 + 1.2) = ($2.6, 3.2) = ($2.9 - $0.3, $2.9 + $0.3)

Therefore, </span><span>the standard deviation of the distribution of Sam's tips is $0.3</span>
5 0
3 years ago
Use the following data to compute total manufacturing costs for the month: Sales commissions $ 10,800 Direct labor 39,600 Indire
soldi70 [24.7K]

Answer:

$125,300

Explanation:

The computation of the total manufacturing cost is shown below:

Total manufacturing cost = Direct material cost + direct labor cost +  Indirect materials + Factory manager salaries + Factory supplies + Indirect labor + Depreciation on factory equipment

= $40,500 + $39,600 + $15,200 + $7,200 + $9,000 + $6,300 + $7,500

= $125,300

6 0
3 years ago
___________ is the ability of a product to satisfy a customer
soldier1979 [14.2K]
The answer to this question is: Quality
6 0
3 years ago
Read 2 more answers
ProDairy Inc reduced the prices of its products to combat competitors that were selling dairy products at lower prices. This sce
Vinvika [58]

Answer:

task environment

Explanation:

It can say that based on the information provided within the question this scenario illustrates a force present in the task environment of an organization. This term refers to different conditions caused by third party factors such as supplies and distributors that directly affect the organization as well as how successful it is in achieving it's goals. Which in this scenario the task environment component affecting them are their competitors.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
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