Answer:
$55,379.27
Explanation:
Amount of each payment = Principal / PVIFA
Principal = $300,000
PVIFA (r=6%/2=3%, n=3yrs*2= 6) = 5.41719
Amount of each payment = $300,000 / 5.41719
Amount of each payment = $55379.2649
Amount of each payment = $55,379.27
Answer:
Option (D) $270,000
Explanation:
Data provided in the question:
Variable overhead for 15,000 hours = $90,000
Fixed manufacturing overhead = $120,000
Now,
Variable overhead per hour = $90,000 ÷ 15,000
= $6 per hour
Therefore,
Variable overhead for 25,000 hours = $6 per hour × 25,000
= $150,000
Thus,
Total overhead cost
= Variable overhead for 25,000 hours + Fixed overhead cost
[ Fixed overhead cost is independent of number of units or number of hours]
= $150,000 + $120,000
= $270,000
hence,
Option (D) $270,000
38/11 = 3.45 = Round to whole number is 3
Answer:
$2,435
Explanation:
Data provided in the question:
Number of shares sold = 100
Price of Lowe's stock = $24.50 per share
Dividend paid = $3.20
Price of buying stock = $20.00 per share
Commission paid = 15 cents per share = $0.15 per share
Now,
Total cost of selling the shares = $24.50 × 100
= $2,450
Total commission = $0.15 × 100
= $15
Therefore,
Proceeds from the short sale = $2,450 - $15
= $2,435