To answer this question we are solving for T, time.. or age in this case!
Ending balance = beginning balance x (1+ annual rate of return)T
$42,856 = $1,500 x (1 + 0.53)t
T = 64.91 years
Rounding to the nearest year, you are about to turn 65 years old!
Answer:
Units sold equaled 39,000 and units produced equaled 42,000.
Explanation:
The reason is that operating income will be lower under variable costing than absorption costing when there is a rise in the the unit level of inventory during an accounting period.
From the question, the 42,000 units of production is 3,000 units greater than the 39,000 units sold. This implies that there is an increase in the unit of inventory level. This usually cause the variable-costing income to be lower than absorption-costing income.
Answer:
$32,000
Explanation:
Direct materials, $10,000
Direct labor, $11,000
applied overhead, $11,000
Total of: $32,000
Answer:
$168,400
Explanation:
Benders Gym repurchased their common stock at the rate of $140,000
Benders Gym pays a regular dividend of $18,500 four times in a year
For a period of one year 1,200 shares was issued at the rate of $38 per share
Therefore, the amount of cash flow to the stockholders for the past one year can be calculated as follows
=[18,500×4]-[1,200×38-(140,000)]
= 74,000-[45,600-140,000]
= 74,000-[-94,000]
= 74,000+94,000
= $168,400
Hence the amount of cash flow to the stock holders for a period of one year is $168,400
