Answer:
equivalent units of production = 6,000 units
Explanation:
given data
process at end of September = 6,000 units
direct materials = 100%
direct labor and manufacturing overhead = 70%
solution
we get here equivalent units of production for the conversion cost that is
equivalent units of production = process at end × direct materials complete .........................1
put here value and we get
equivalent units of production = 6,000 units × 100%
equivalent units of production = 6,000 units
Answer: $66.67
Explanation:
Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of ;
Given the following :
Par value of preferred stock = $100
Fixed Dividend rate = 8% of par
Expected return on investment (r) = 12%
Purchase price of this stock in other to earn 12% :
Per share price is given by:
(par value × Dividend rate) / expected return
($100 * 0.08) / 0.12
$8 / 0.12 = $66.6666
= $66.67
Answer:
a. Week Crew Size Yards Installed Productivity
1 4 97 24.25
2 3 69 23
3 4 97 24.25
4 2 50 25
5 3 63 21
6 2 52 26
Note: Productivity = Yards Installed / Crew size
b. Examining the above results, one sees that the productivity is highest (25 and 26) when the crew size was the lowest. Hence, a conclusion could be made that the smaller the crew size, the higher the productivity.
Answer:
Oak Corp distributed $15,000 to Glover and we are required to compute the amount and character of gain Glover must recognize under the scenarios as stated in the question:
a. No gain will be recognized by Glover. Rather, his stock basis will be reduced from $35,000 to $20,000 ($35,000 basis - $15,000 cash distribution). So, gain recognized by him is $0.
b. Long term capital gain of $7,000 ($15,000 - $8,000) will be recognized by Glover and his stock basis will be reduced from $8,000 to $0.
c. The entire $15,000 ($15,000-$0) will be recognized as long term capital gain by Glover and his stock basis will remain $0.
Answer:
a. The proceed of the note carrying an interest rate of 9%: $36,000;
b. The proceeds of the note, assuming the note is discounted at 9%: $34,951.46.
Explanation:
a.
In case the note carries an interest rate, at the maturity, the borrower has to repay the face value plus the interest rate which is calculated as face value * interest rate * day of note outstanding/360.
Thus, interest rate is separated from face value, proceed of the note is equal to its face amount which is $36,000.
b.
In case the note does not carry interest rate, the borrower will be received an amount less than note's face value and repaid face value at maturity. The difference is the implied interest rate ( or discounted rate).
Thus, we have the face value of the note is calculated as:
36,000 / ( 1 + 9% * 120/360) = 36,000/1.03 = $34,951.46.