Answer:
Option C is correct one.
<u>The rate of return of this project when expressed as an APR is 12.10%</u>
Explanation:
Here initial cost of project pv = -$241,000
monthly payment pmt = $5,730
time nper = 55 months
Monthly rate of return RATE = RATE(nper,pmt,pv)
= RATE(55,5730,-241000)
= 1.01%
APR = 12* monthly rate of return = 12*1.01% = 12.10%
Answer:
Part A
1) Total amount of oats allowed = 960000*16 = 15360000 ounce
2) Total amount of labor hours allowed
= 960000*.04 = 38400 Hours
Part B :
1) Total amount of oats allowed = 750000*17 = 12750000 ounce
2) Total amount of labor hours allowed
= 750000*.04 = 30000 Hours
Explanation:
Answer:
a) EPS 2.367 dollars
b) price-earning ratio 15
c) book value of a common share 5.33
Explanation:
a) earning per share: income / shares outstanding
2,000,000 / 750,000 = 2.67
b) price / EPS
40 / 2.67 = 15
c) We determinate this using the accounting equation:
Assets = Liab + Equity
Assets 9,000,000
Liabilities<u> 5,000,000</u>
Equity 4,000,000
equity / shares outstanding:
4,000,000 / 750,000 = 5.3333
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