Answer:
$122,000
Explanation:
Net worth refers to total assets minus total liabilities.
Therefore, the net worth of this customer can be calculated as follows:
Assets = Existing assets + A new car - Withdraw from existing checking account = $436,000 + $35,000 - $5,000 = $466,000
Liabilities = Existing liabilities + Borrowing from auto fiance company = $314,000 + $30,000 = $344,000
Net worth = Assets - Liabilities = $466,000 - $344,000 = $122,000.
Answer:
$12,146
Explanation:
The computation of present value of this opportunity cost is shown below:-
Net After tax Operating Profit Per month = Rent space per month × Profit margin on the renting the space percentage
= $1,000 × 30%
= $300
Project is for 4 Years
Total months = 4 × 12
= 48 Months
Interest Rate Per month = 9% ÷ 12
= 0.75%
As per the question the Rent is Received at the start of the month
So Present Value of this opportunity cost = $300 (1 + PVAF (0.75%,47))
= $300 × ( 1 + 39.486)
= $12,145.85
= $12,146
This graph is indicating a fixed exchange rate that prevents the foreign exchange rate from moving outside of the upper and lower limits.
Answer: Option D.
<u>Explanation:</u>
A fixed exchange rate, now and again called a pegged exchange rate, is a kind of swapping scale system in which a cash's worth is fixed or pegged by a money related authority against the estimation of another money, a container of different monetary forms, or another proportion of significant worth, for example, gold.
In this case, the exchange rate is fixed because the limits are fixed in this case.
Answer:
$15,730
Explanation:
<em>under absorption costing overheads are charged to product units using an overhead absorption rate. </em>
The overhead absorption rate is determined using the formula below:
<em>Overhead absorption rate is = Budgeted Overheads / budgeted Labour hours</em>
Factory overhead Absorption rate (OAR)= $118,800/10,800
= $11 per hour
Amount of 0verhead to charge Number number 117
= 11 × 1,430
= $15,730
Answer:
The gross profit margin of Candy Company is 65% (second option)
Explanation:
The gross profit margin is defined as:
Mg = (sales - costs) / price of sales
If for Candy Company the cost are $112,000 and sales $320,000 then the gross profit margin is:
Mg = ($320,000- $112,000) * 100% / $320,000 =
Mg = $208,000 * 100% / $320,000 = 0.65 * 100%
Mg = 0.65 * 100%
Mg = 65%
