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zlopas [31]
3 years ago
15

Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in December, and management f

orecasts 3% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be:a. $191,337b. $175,100c. $185,764d. $180,353e. $170,000
Business
1 answer:
Monica [59]3 years ago
6 0

Answer:

d. Sales in Dollars February = $180353

Explanation:

The new Sales or the sales budgeted for January will be 3% higher than that for December. If December sales were of 10000 units, then the January sales will be of 10000 * 103% = 10300 units.

The budgeted sales for February will be 103% of January sales.

Budgeted sales- Feb = 10300 * 103% = 10609 units

The selling price is assumed to stay constant at $17 per stapler.

Sales in Dollar-February = 10609 * 17 = $180353

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Tanner-UNF Corporation acquired as a long-term investment $240million of 6% bonds, dated July 1, on July 1, 2018. The marketinte
horrorfan [7]

Answer:

Journal Entry

01 July Debit Investment $240 million Credit Bank $200 million Credit Discount on investment $40 million

31 Dec Debit Bank $7,2 Million Debit Discount on Bond $0.8 million Credit Interest Income $8 million

Debit Fair Value loss on investment $30 million Credit Investment $30 million

Explanation:

Interest is received semiannually

6%/2 = 3%

interest = $240 million * 3% =7,200,000

8%/2 = 4%

Interest market $200 million * 4% =8,000,000

Fair value loss = 240 million - 210 million

                        = 30 million loss because cost is greater than fair value

8 0
3 years ago
North Division has the following information:
VLD [36.1K]

Answer:

due to elimination

income will decrease by $526000

Explanation:

Given data

Sales =  $1180000  

Variable expenses = $654000  

Fixed expenses =  $620000

to find out

incremental effect on net income

solution

we know here total sale is $1180000 and Variable expenses is  $654000

so contribution  if the division is dropped is sales - Variable expenses

put these value

contribution = 1180000 - 654000

contribution = 526000

so we say that due to elimination

income will decrease by $526000

5 0
3 years ago
If a portfolio had a return of 11 the risk-free asset return was 6, and the standard deviation of the portfolios excess returns
Sindrei [870]

The premium would be 5%

If a portfolio had a return of 11 the risk-free asset return was 6, and the standard deviation of the portfolios excess returns was 25 the premium would be 5%

Portfolio return = 11%

Risk free rate = 6%

Risk premium = Portfolio return - Risk free rate

                         = 11% - 6% =5%

So, the premium would be 5%

Premium is an amount paid periodically to the insurer by means of the insured for overlaying his chance.

Learn more about premium here- https://economictimes.indiatimes.com/definition/premium

#SPJ4

4 0
1 year ago
Which of the following is a regular outcome of being late to work
Grace [21]
A regular outcome could be a lot of hate from co-workers and your boss, and eventually you might be put on admin leave or fired.
6 0
3 years ago
Oliver needs to purchase new equipment for his team in order to complete his
noname [10]

Answer:

The correct answer is C

Explanation:

Constraint is the term which is defined as something which will controls or limits the person or an individual what the person can do. Their decision depends or grounded on the constraint.

In this case,Oliver wants to buy the new equipment in order to complete the project. The budget is depend or grounded on the grant awarded by the company. So, it is an example of a constraint project.

5 0
3 years ago
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