Answer: $52,431.50
Explanation:
The liability reported will be the present value of the six payments of $11,000.
Since this is a constant amount, it will be an annuity:
= 11,000 * Present value interest factor of an annuity, 6 years, 7%
= 11,000 * 4.7665
= $52,431.50
<em>Any difference between this and any options given is down to rounding errors. Pick the closest figure. </em>
Answer:
For a manufacturer the budgeted income statement includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets (c)
Explanation:
Like a typical income statement, the Budgeted income statement would show its Sales Forecast, and the resultant costs of producing these volume projected. It will usually follow a trend consistent with the Previous years Business seasonality, peak and lows, and duration of consumer improved disposable income (e.g periods of tax credit, black friday etc).
In addition a Business will want to forecast its Cashflow and Capital expenditure (Balance Sheet) so as to have a general view of what to expect if circumstances turn out as planned and to have a picture of how much growth or decline it is projecting into the future.
Answer:
The total amount of cash expected to be received from customers in September is: B. $ 108,000
Explanation:
The total amount of cash expected to be received from customers in September include the following :
- <em>Cash Sales in the month of September - 25 %</em>
- <em>Cash Receipts from Accounts for August Sales - 75 %</em>
<u>The Calculation of cash expected to be received from customers in September is as follows :</u>
Cash Sales - September = 120,000 × 25% = 30,000
Credit Sales - August = 104,000 × 75% = 78,000
Total = 108,000
Answer:
U.S. Tax Burden on Cola:
The amount of the tax on a case of cola is $4 per case. Of this amount, the burden that falls on consumers is $1 per case, and the burden that falls on producers is ___$3______ per case.
The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
a. True
b. False
Explanation:
The tax burden on consumers, which is represented by the difference in the price of cola from $5 to $6 per unit is $1 ($6 - $5). However, the cash received by producers reduced by $3 from $5 to $2. This shows that the total tax burden on both consumers and producers is $4 ($1 + $3).
This represents a total tax burden of $4 or about 67% based on the new selling price of cola or 80% based on the old selling price of cola.
"The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers alone. This because the price of cola would have increased to $9 per unit. Since the demand for cola in this instance is elastic, this change in price would have caused a more than 80% change in the quantity demanded.
Answer:
maximum income is $900
Explanation:
given data
oil change = $20
per day = 40 customer
increase = $ 2
dailer customers = 2
owner charge = $ 2
to find out
income from the business
solution
we know current income is 40 × 20
current income = $800
we consider here price increase x and income as function y
so y = (20 +2x) × ( 40 - 2x) ........1
y = −4x² + 40x + 800
take derivative and put dy/dx = 0 for maximum
dy/dx = -8x + 40
0 = -8x + 40
x=5
so here from 1
y = (20 +2x) × ( 40 - 2x)
y = (20 +2(5)) × ( 40 - 2(5))
y = 30 × 30
y = 900
so maximum income is $900
