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Anestetic [448]
3 years ago
13

Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted

at $305,000 for November, $325,000 for December, and $225,000 for January. Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $22,600. Monthly depreciation is $28,500. Ignore taxes. Balance Sheet October 31 Assets Cash $ 34,000 Accounts receivable 84,500 Merchandise inventory 170,800 Property, plant and equipment, net of $624,000 accumulated depreciation 920,000 Total assets $ 1,209,300 Liabilities and Stockholders' Equity Accounts payable $ 254,000 Common stock 755,000 Retained earnings 200,300 Total liabilities and stockholders' equity $ 1,209,300 Accounts payable at the end of December would be:
Business
1 answer:
kap26 [50]3 years ago
8 0

Answer:

$204,000

Explanation:

Calculation to determine what the Accounts payable at the end of December would be:

December Account payable = ($325,000*80%)+($225,000*80%*70%)-($325,000*80%*70%)

December Account payable=$260,000+$126,000-$182,000

December purchase= $204,000

Therefore the Accounts payable at the end of December would be: $204,000

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An annual has 15 years to maturity. It has a coupon rate of 5%, a YTM of 8%. Fill in the cells highlighted in yellow, and aswer
grin007 [14]

Answer:

Market value at 8% YTM  $ 743.2156

at 10% YTM                       $ 619.6960

Explanation:

Assuming the face value is 1,000 as common outstanding American company's bonds:

Market value under the current scenario:

<u>Present value of the coupon payment:</u>

<u />

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

Coupon: $1,000 x 5% =  50

time 15 years

rate 0.08

50 \times \frac{1-(1+0.08)^{-15} }{0.08} = PV\\

PV $427.9739

<u>Present Value of the Maturity</u>

<u />

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   15.00

rate  0.08

\frac{1000}{(1 + 0.08)^{15} } = PV  

PV   315.24

PV c $427.9739

PV m  $315.2417

Total $743.2156

If the interest rate in the market increaseby 2% then investor will only trade the bonds to get a yield 2% higher that is 10% so we recalculate the new price:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 50.000

time 15

rate 0.1

50 \times \frac{1-(1+0.1)^{-15} }{0.1} = PV\\

PV $380.3040

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   15.00

rate  0.1

\frac{1000}{(1 + 0.1)^{15} } = PV  

PV   239.39

PV c $380.3040

PV m  $239.3920

Total $619.6960

Giving a lower price than before

3 0
3 years ago
Of the 141 companies on the list, jason chose to survey only 75 of them. he sent surveys to both small as well as large companie
Oduvanchick [21]

Because he divided the population into smaller groups and then randomly sampled each group, he would be using a stratified random sampling procedure.

4 0
3 years ago
The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new
goblinko [34]

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

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According to the video, which food safety regulations have been created by the passage of the Food Safety Modernization Act? Che
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the answers are 2,3,5

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A customer buys $10,000 of 30 year corporate bonds with 10 years left to maturity at 92. The customer elects not to accrete the
natta225 [31]

Answer:

no capital gain or loss

Explanation:

A customer buys $10,000 of 30 year corporate bonds with 10 years left to maturity at 92. The customer elects not to accrete the discount annually. At maturity, the customer will have no capital gain or loss.

5 0
3 years ago
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