Answer:
Ruby should go to college.
Explanation:
Ruby is currently 50 years old and earning $50,000 per year.
She would like to retire at 67.
She is thinking of going back to college, to complete a graduate degree.
After completing a graduate degree from the college she would earn $55,000.
The total cost of a graduate degree is $75,000.
Ruby still has 17 years to work and earn.
Her income will increase by $5,000 after college
The increase in income earned after college until retirement
= $5,000 
17
= $85,000
Since the increase in income is greater than the cost of going to college, Ruby should go to college.
Answer:
The depreciation expense is $5638.46 and the Addition to retained earnings is 4865
Explanation:
Solution
Given that:
Sales = $95805
Less: Costs = $75885
Less depreciation expense ($95805 - $75,885 - 14281.54) = $5638.46
EBIT (12161.54 + 2120) = 14281.54
Less: Interest expense =2120
EBT (100%)(7905/0.65) = 12161.54
Less: tax at 35%(12161.54*35%) =4256.54
The Net income(65%) = 7905
The Less:dividends = 3040
Addition to retained earnings =4865
Answer:
the number of units should be produced is 26,000 units
Explanation:
The computation of the number of units should be produced is as follows:
Units to be produced is
= Expected sales units + ending inventory units - beginning inventory units
= 23,000 units + 18,000 units - 15,000 units
= 26,000 units
Hence, the number of units should be produced is 26,000 units
Answer:
The contribution margin and the contribution ratio is $0.90 and 50% respectively.
Explanation:
The formula to compute contribution margin per package is shown below:
Contribution margin = Selling price per package - variable expense per package
= $1.80 - $0.90
= $0.90
And, the formula to compute contribution ratio is shown below:
= (Contribution per package ÷ selling price per package) × 100
= ($0.90 per package) ÷ ($1.80 per package) × 100
= 50%
Among the statements this is true: Attorneys and teachers have the least amount of training.
These professionals require a lot of training in their field of work because they are always in the line of question. Lawyers have to perform in and out of the court, with or without their clients in question; while teachers have to perform and act in such manner that they are always held in high regard by people around them.
