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In-s [12.5K]
2 years ago
10

Chancellor Ltd. sells an asset with a $2.4 million fair value to Sophie Inc. Sophie agrees to make seven equal payments, each to

be paid one year apart, commencing on the date of sale. The payments include principal and 7% annual interest. Compute the annual payments.((FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Business
1 answer:
sattari [20]2 years ago
4 0

Answer:

The Annual payment to be made is $445,327

Explanation:

The computation of the annual payment is shown below;

As we know that

The Present value of assets = Annual payment to be made × Present value annuity factor (i%,n)

$2,400,000 = Annual payment to be made × Present value annuity factor (7%,7)

$2,400,000 = Annual payment to be made × 5.3893

So,

The Annual payment to be made is $445,327

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Sheridan Corporation has fixed costs of $648,640. It has a unit selling price of $7.40, unit variable cost of $5.68, and a targe
Nuetrik [128]

Answer:

The answer is = 1,262,000units

Explanation:

Fixed cost = $648,640

Unit selling price = $7.40

Unit cost price = $5.68

Target profit/net income= $1,522,000

Unit Contribution margin = Unit selling price - unit variable cost

$7.40 - $5.68

=$1.72

Sales in units to achieve its target net income = (fixed Cost + target profit or net income)/unit contribution margin

($648,640 + $1,522,000)/$1.72

=$2,170,649 / $1.72

=1,262,000units

Therefore, Sheridan Corporation needs to sell =1,262,000units to achieve a target income of $1,522,000.

8 0
2 years ago
The distinction between _____ is what defines an MNE from a firm that merely exports or imports.a. small- and large-scale of ent
andre [41]

Answer: Option a

                                                 

Explanation: MNE refers to multinational enterprises, these organization are the one which operates their their business in several countries. Due to their world wide reach to the markets their scale of operations remains very high with a large number of shareholders.

These organisation usually have more than one form of business, they diversify their activities as a protection from different political or environmental factors in the countries in which they operate.

Hence the correct option is A.

3 0
3 years ago
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Dire
victus00 [196]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct labor-hours= 140,000

Machine-hours= 70,000

Fixed manufacturing overhead cost $ 784,000

Variable manufacturing overhead cost per direct labor-hour $ 2.00

Variable manufacturing overhead cost per machine hour $ 4.00

Job 550;

Direct materials $ 175

Direct labor cost $ 225

Direct labor-hours 15

Machine-hours 5

We need to calculate the total cost of Job 550. First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>Based on direct labor hour:</u>

Estimated manufacturing overhead rate= 784,000/140,000= $5.6 per direct labor hour

<u>Based on machine hour:</u>

Estimated manufacturing overhead rate= 784,000/70,000= $11.2

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

<u>Based on direct labor hour:</u>

Total cost= 175 + 225 + 5.6*15= $484

<u>Based on machine hours:</u>

Total cost= 175 + 225 + 11.2*5= $456

6 0
2 years ago
Marigold Manufacturing uses a flexible budget. It has the following budgeted manufacturing costs for 25800 pairs of shoes: Fixed
olasank [31]

Answer:

$231,200

Explanation:

The computation of the total budgeted manufacturing cost is shown below:

= Fixed Manufacturing Costs + Variable Manufacturing Costs per pair of shoes × number of shows made this month

= $12,300 + $11 × 19,900 shoes

= $12,300 + $218,900

= $231,200

We simply added the Fixed Manufacturing Costs and variable manufacturing cost so that the exact value might arrive.

3 0
3 years ago
Computer-mediated learning products-whether they are guided practice exercises, tutorials, simulations, games, hypertext, multim
enot [183]
The tutor and students. a computer system is a medium it's about business ethics class
6 0
3 years ago
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