The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:

The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab

Brrunno [24]

Answer:

$462,562

Explanation:

Lower of Cost and Net Realizable Value (LCNRV) records ending inventory at the lowest between purchase costs or net realizable value.

Part Q Cost per Unit Net RV Total

110 620 $121.00 $127.00 $75,020

111 1,080 $76.20 $66.00 $71,280

112 540 $101.60 $97.00 $52,380

113 220 $215.90 $228.60 $47,498

120 440 $260.00 $264.00 $114,400

121 1,400 $20.00 $1.00 $1,400

122 330 $304.80 $298.00 $100,584

Total $462,562

6 0

3 years ago

A partial listing of costs incurred at archut corporation during september appears below: direct materials $ 113,000 utilities,

Murrr4er [49]

Calculation of Total Manufacturing Overhead Costs:

Manufacturing overhead costs are indirect costs incurred in relation to the production.

From the given information manufacturing overhead costs shall include factory Utilities $5,000, Indirect labor $ 25,000, depreciation of production equipment $ 20,000

Hence the Total Manufacturing Overhead Costs shall be (5000+25000+20000)=$50,000

5 0

3 years ago

"A customer is long the Swiss Franc at a cost of $.60 per SF. The customer wishes to place a collar on the position using PHLX S

AURORKA [14]

Answer:

To create the collar, the customer would: buy 1 PHLX 59 SF Call and sell 1 PHLX 61 SF Call.

Explanation:

The meaning of a "collar" is that a put is bought at a strike price that is less than the price of the underlying instrument (this implies that a floor has been put on the price of the instrument); and that a call is disposed at a strike price which is higher than the price of the underlying instrument (this indicates that a ceiling above which the instrument will be called away has been created).

When a collar is put on the price, it indicates that the customer is majorly giving a guarantee for the underlying instrument's minimum and maximum price.

This should make the net cost of the collar to be close to zero due to the fact that the two contracts are "out the money" and also because the premium paid to buy the put is offset by the premium received when the call was sold.

Therefore, since customer in the question wishes to place a collar on the position using PHLX SF FLEX options, he would buy 1 PHLX 59 SF Call and sell 1 PHLX 61 SF Call to create the collar.

3 0

3 years ago

A 20-year-old woman wants to purchase a $100,000 one-year life insurance policy. What should the insurance company charge th

asambeis [7]

Answer:

Hello some parts of the question is missing here is the missing part

Age probability of female death

20 0.00060

30 0.00070

40 0.00095

50 0.00300

Answer : $110

Explanation:

Given that the woman is 20 years of age and wants to buy one-year life insurance policy the insurance company would have to charge her considering the probability of female death within 20 years of age

expected profit for insurance company = $50

cost of insurance = $100000

For the company to make a profit of $50 we make use of this relation

x * ( 1 - probability of female death at 20 ) - ( cost of insurance - x ) * probability of female death at 20 = 50

= x *( 1 - 0.00060 ) - ( 100000 - x ) * 0.00060 = 50

= x* ( 0.9994 ) - (60 - 0.00060 x ) = 50

= 0.9994 x - 60 + 0.00060 x = 50

hence x = 50 + 60 = $110

3 0

3 years ago

Conundrum Mining is expected to generate the above free cash flows over the next four years,after which they are expected to gro

frutty [35]

Answer:

B. 459.3 million

Explanation:

FCF5 = $26 million * (1 + 0.06) = 27.6 million

and to continue

V4 = $27.6 million / (0.12 - 0.06) = 459.3 million

4 0

3 years ago