Answer:
$11,760
Explanation:
The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income/profit.
Without the new offer
Profit = 5000($29 - $15) - $20,900
= $70,000 - $20,900
= $49,100
For the new order a variable selling cost of $2 per unit would be eliminated, the contribution of the order will be
= 1680($20 - $15 + $2)
= 1680 * $7
= $11,760
This is the differential effect on profit.
Answer: The correct answer is e). 3.67%
Explanation: An ordinary annuity is a series of payments made at the end of each period.
The formula for ordinary annuity is PV = PMT × ((1 - (1 + r) ^ -n)/ r)
Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.
Therefore; 3500000 = 250000×((1-(1+r)^-20)/r
This will give the rate as 3.67%
The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>
<h3>Recording the transaction</h3>
The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.
The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.
Find out more on recording Notes Payable at brainly.com/question/17073934.
Answer:
267,785.95
Explanation:
28400 X (1.098)^7 = 267,785.95
Answer:
Civil responsibility is the responsibilities of citizens to there State.
Explanation:
Abraham Lincoln defined democracy as the Government of the people, by the people, for the people.
Hence without the people exercising their civil right, democracy will be a failure.
