Answer:
In Tolan's 2014 income statement, the royalty revenue should be <u>$103,000.</u>
Explanation:
In Tolan's 2014 income statement the royalty revenue will be royalty for January to June received in September 2014, and for July to December 2014 in March 2015
In the year 2014 received in September 2014 = $98,500 which is for the period Jan to June 2014
Royalty = 15% of sales
Sales estimate for July to December 2014 = $30,000
Royalty = $30,000 X 15% = $4,500
Total royalty income for 2014 = $98,500 received + $4,500 to be received in 2015 Mar 15 = $103,000
In Tolan's 2014 income statement, the royalty revenue should be $103,000.
Answer:
The years of repayment is 7.96 years
Explanation:
The number of years of the loan repayment can be computed using nper formula in excel.
=nper(rate,-pmt,pv,fv)
rate is the monthly interest rate which is 6.6%/12=0.0055
pmt is the amount of monthly repayment which is $2,400
pv is the amount of the finance package received which is $178,000
fv is the total amount of repayment which is unknown hence taken as zero
=nper(0.0055
,-2400,178000,0)= 95.55 months
= 95.55 /12 months=7.96 years
Answer:
$50
Explanation:
The contribution margin per unit of any company's product can be calculated using the following formula:
Contribution margin per unit=Sale price per unit- Variable cost per unit
In this question
Sale price per unit=$80
Variable cost per unit=$30
Contribution margin per unit=80-30
=$50
Answer:
2686
Explanation:
Given that :
Daily demand (D) = 160
Standard deviation (s) = 35
Review period (T) = 5 days
Lead time (L) = 10 days
Number in stock (I) = 30 units
Service probability α = 99%
Quantity to order Q;
Q = D(T + L) + Z*s + √(T + L) - 1
Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)
Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30
Q = 160(15) + (2.33 * 35 * 3.8729833) - 30
Q = 2400 + 315.841788115 - 30
Q = 2685.841788115
Q = 2686
