1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
True [87]
2 years ago
14

A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a mark

et price of $800 per ton, which had been originally purchased at $750 per ton. Given that the company has no use for the styrene monomer, and that it would cost the company $5200 to store it, what is the total value of the 20 tons of styrene monomer to the company
Business
1 answer:
Elena-2011 [213]2 years ago
6 0

Answer:

$16,000

Explanation:

With regards to the above information, we are only concerned with calculating the value of 20 tons of styrene to the company, hence other information are not relevant.

The total value of the 20 tons of styrene monomer to the company would be ;

= 20 tons of styrene monomer × Market price of styrene monomer per ton

= 20 × $800

= $16,000

You might be interested in
Tanner-UNF Corporation acquired as a long-term investment $200 million of 7% bonds, dated July 1, on July 1, 2018. The market in
likoan [24]

Answer:

1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.

July 1, investment in UNF bonds

Dr Investment in bonds HTM 200,000,000

   Cr Cash 160,000,000

   Cr Discount on bonds 40,000,000

December 31, interest revenue from investment in bonds

Dr Cash 7,000,000

Dr Discount on bonds 200,000

   Cr Interest revenue 7,200,000

Discount on bonds = ($160,000,000 x 4.5%) - ($200,000,000 x 3.5%) = $7,200,000 - $7,000,000 = $200,000

2. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.

Investment in bonds HTM = $200,000,000 (face value) - $39,800,000 (discount on bonds) = $160,200,000

Changes in the market value of bonds held to maturity are not considered by the company.

4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.

Dr Cash 150,000,000

Dr Dr Discount on bonds 39,800,000

Dr Loss on investment in bonds HTM 10,200,000

   Cr Investment in bonds HTM 200,000,000

3 0
3 years ago
If a​ one-year discount bond that pays $1,000 at​ maturity, is held for the entire​ year, and the purchase price is ​$965, then
denis23 [38]

Answer:

3.6%

Explanation:

965x = 1000

x = 1.03626

That’s an interest rate of 3.6%.

6 0
2 years ago
Read 2 more answers
Sarah is now in the Singapore airport and has 6000 Singapore dollars in her pocket. Sarah is next going to the Czech Republic an
timurjin [86]

Answer:

98,760 Czech korunas for 6,000 Singapore dollars

Explanation:

For computing the number of Koruna she is able to exchange first we have to determine the Singapore dollar exchange rate in Czech koruna which is

= Singapore dollar exchange rate ÷  Czech exchange rate

= 0.790 ÷ 0.048

= 16.46

And, there are 6,000 Singapore dollars in her pocket

So, the number of Koruna she is able to exchange  is

= 16.46 × 6,000 Singapore dollars

= 98,760 Czech korunas for 6,000 Singapore dollars

6 0
3 years ago
In order to calculate _____ using cost plus markup, a seller needs to know two things: the cost of the item and the markup.
Ann [662]
I Would say C. Never took business but it seems like the logical answer.
6 0
3 years ago
Read 2 more answers
Drug sniffing dogs must be 95% accurate in their responses, since we don't want them to miss drugs and also don't want false pos
KiRa [710]
The question: Drug sniffing dogs must be 95% accurate in their responses, since we don't want them to miss drugs and also don't want false positives. a new dog is being tested and is right in 46 of 50 trials. find a 95% confidence interval for the proportion of times the dog will be correct.

 

The answer of the following question:

The 95% confidence interval for the proportion of times the dog will be corrected is: 0.845, 0.995

7 0
3 years ago
Other questions:
  • What is it called when demand and supply are equal in price and quantity?
    13·1 answer
  • What is one action an employer can take to lower wage levels?
    6·1 answer
  • What are the roles of the control unit and the alu?
    8·1 answer
  • True or false
    11·1 answer
  • Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a
    8·1 answer
  • Need help in personal finance.
    12·1 answer
  • Which of the following is still primarily a bricks-and-mortar industry?
    5·1 answer
  • make price and output decisions without regard to what their competitors might do. have no perceptible influence on the market p
    14·1 answer
  • Capital refers to a person's assets<br> True or False
    5·1 answer
  • Why is the primary sector important to the South African economy?​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!