Answer:
$15,000
Explanation:
Operating income is the difference between the net sales or revenue generated by a business and the operating expenses of the business.
The operating expenses of the business may be classified into 2 groups namely the fixed and variable costs.
The total operating cost of the business
= ( $9 + $6 + $28 + $32) per barrel
= $75
operating income of both divisions
= 200 ( $150 - $75)
= 200 * $75
= $15,000
He was supposed to keep 10%.
The 10% share was one of the columbus demand' when both columbus and the crown agreed to the terms for his voyage fundinsg.
But, since <span>he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.</span>
Answer:
15.22%
Explanation:
The computation of the cost of equity is shown below:
Required return on assets = Weightage of debt × pre tax cost of debt + weightage of equity × cost of equity
where,
Weightage of debt is
= (Debt) ÷ (Debt + Equity)
= (0.64) ÷ (0.64 + 1)
= 0.39
And, the weightage of equity is
= (Equity) ÷ (Debt + Equity)
= (1) ÷ (0.64 + 1)
= 0.61
Now the cost of equity is
12.6% = 0.39 × 8.5% + 0.61 × cost of equity
12.6% = 3.315% + 0.61 × cost of equity
So, the cost of equity is 15.22%
Answer:
$388,301, the loan's principal balance increases because the monthly payment doesn't even cover interest expense
Explanation:
In order for you to pay the debt completely in 20 years, you would need to pay $1,601.08 per month. But since you can only afford to pay $950 per month, the remaining balance will be $388,301.
I prepared an amortization schedule in an excel spreadsheet