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kolbaska11 [484]
2 years ago
5

The delivered-equipment cost for a fully equipped CNC machining system is $4.2 million. The direct cost factor is 1.52 and the i

ndirect cost factor is 0.37. Estimate the total plant cost if the indirect cost factor applies to the total direct cost. (Enter your answer in dollars and not in millions of dollars.) The total plant cost is $
Business
1 answer:
Gemiola [76]2 years ago
4 0

Answer: $14.5 million

Explanation:

The following information can be gotten from the question;

Total equipment cost = $4.2 million

Direct cost factor = 1.52

Indirect cos factor = 0.37

The total plant cost will then be calculated as:

= 4.2 × (1 + 1.52) × (1 + 0.37)

= 4.2 × 2.52 × 1.37

= 14.5

Therefore, the total plant cost is $14.5 million

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Answer and Explanation:

The preparation of the statement of the stockholder equity and balance sheet would be shown in the attachment below:

The formulas for ending retained earning balance and stockholder equity  is

Ending retained earnings = Opening retained earnings + net income - dividend paid

And, the ending equity is

= Opening equity + additional shares

The same would be shown in the attachment

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The more precisely defined the target market is, the _____ the numbers are to estimate.
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Both a call and a put currently are traded on stock XYZ; both have strike prices of $42 and maturities of six months.
STatiana [176]

Answer and Explanation:

The solution of profit/loss is shown below:-

      Stock Price     Profit/Loss

a.        $32                -$4.30 After 6 months Stock price is less than strike price

b.         $37                -$4.30 After 6 months Stock price is less than strike price

c.          $42              -$4.30 After 6 months Stock price is equal than strike price

d.         $47                 $0.7 ($47 - $42 - $4.30)

e.         $52               $5.7 ($52 - $42 - $4.30)

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7 0
2 years ago
Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November
pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date         Account                                    Debit       Credit

Nov 5    Merchandise Inventory         $8500

         Accounts payable                                               $8,500

To record return of merchandise purchased

Nov 7      Accounts payable                  $300

       Merchandise Inventory                                          $300

To record payment of inventory

Nov 15    Accounts payable                $8,200                      

              Cash                                                                  $7,954

          Merchandise Inventory                                         $246

Calculation =

Nov 5 - Cost of merchandise purchased =  No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned =  No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable  x discount rate = (8,500- 300) x 3%= 8200 x 0.03=  $246

   Cash  =    Accounts payable    - Merchandise Inventory = $8200 - 246 =$7984.

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3 years ago
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