Answer:
$500
Explanation:
COGS or the cost of goods sold is the total cost of all goods sold in a period. It is the direct cost of productions and include direct labor costs, direct materials, and direct overhead costs.
In this case, The average cost of goods sold per unit is $12.50. The business sells to 40 customers. The totals cost of goods sold or the COGS will be
=$12.50 x 40
=$500
Answer:
It will increase the assets,equity and net income but decrease the liabilities
Answer:
Journal Entry for disposal (or) sale of Truck
Explanation:
- Truck (asset) sold for cash, bank, or on credit {On loss}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
P & L ac ... dr
to Truck ac ... 32000
- Truck (asset) sold for cash, bank, or on credit {On gain}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
to Truck ac ... 32000
To P & L ac
Answer:
(a) 14%
(b) 15%
(c) 15.48%
Explanation:
cost of retained earnings:
= ($3.03 ÷ $34) + 0.05
= 0.09 + 0.05
= 14%
Therefore, the Evanec's cost of retained earnings is 14%
Flotation cost percentage:
= [($34 - $28.90) ÷ $34] × 100
= 0.15 × 100
= 15%
Therefore, the Evanec's percentage flotation cost is 15%.
Cost of new common stock:
= ($3.03 ÷ $28.90) + 0.05
= 0.1048 + 0.05
= 15.48%
Therefore, the Evanec's cost of new common stock is 15.48%.
Answer:
$5,225,417
Explanation:
first payment 800000
1 quarter 250000
2 quarters 254000
3 quarters 258064
4 quarters 262193
5 quarters 266388
6 quarters 270650
7 quarters 274981
8 quarters 279380
9 quarters 283851
10 quarters 288392
11 quarters 293006
12 quarters 297694
13 quarters 302458
14 quarters 307297
15 quarters 312214
16 quarters 317209
17 quarters 322284
18 quarters 327441
19 quarters 332680
20 quarters 338003
11% = (1 + i/4)⁴
i = 0.106
quarterly interest = 2.65%
Now we need to determine the present value of this annuity and our discount rate is 2.65%. I will use an excel spreadsheet to determine the present value of the 20 quarterly payments and then add the initial payment.
$4,425,417 + $800,000 = $5,225,417
