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Natali5045456 [20]

3 years ago

12

Dufner Co. issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semiannual payments. if the YMT on

these bonds is 5.5 percent, what is the current dollar price assuming a par value of $1,000?

1 answer:

MA_775_DIABLO [31]3 years ago

4 0

Answer:

-_-

Explanation:

-

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Let's say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how man

sveta [45]

Answer:

$240,000

Explanation:

Selling price per pair of shoes $160 x 12,000 ...1,920,000

Cost (to you) per pair of shoes $80 x 12,000 .... $960,000

Sales commission per pair $10 x 12,000.......... $120,000

Salaries ..........................................................................$420,000

Rent................................................................................ $120,000,

Advertising..................................................................... $20,000,

Insurance .........................................................................$16,000,

Miscellaneous fixed costs ........................................<u>..$24,000,</u>

Profit ..............................................................................<u>$240,000</u>

6 0

3 years ago

Assume that on November 1, 2019, a 3-month rent payment for $8,000 per month (for a total of $24,000) was made with respect to a

ziro4ka [17]

Answer:

a)

Rent Expense Dr.$16,000

Bank Dr.$48,000

Prepaid Rent Cr.$64,000

Explanation:

The company entered into lease on 1st November 2019 with rent of $8,000 per month. the company on 1st November 2019 recorded prepaid rent as follows; which is wrong

Prepaid Rent Dr. $72,000

Bank Cr. $72,000

This is wrong entry as prepaid rent was overstated by ($72,000-$24,000 ) $48,000 and same like bank was understated by $48,000

The correct entry should have been like this as on 1st November 2019;

Prepaid Rent Dr. $24,000

Bank Cr. $ 24,000

By 31st December 2019, two months rent have already accrued so prepaid rent should be credited by (8000*2+48,000 for additional amount recorded)

<em>So the rectifying entry is; as on 31st December 2019</em>

<em>Rent Expense Dr.$16,000</em>

<em>Bank Dr.$48,000</em>

<em>Prepaid Rent Cr.$64,000</em>

7 0

2 years ago

CVP analysis—what-if questions; sales mix issue Miller Metal Co. makes a single product that sells for $32 per unit. Variable co

Lilit [14]

Answer: See explanation

Explanation:

a. Calculate the number of units that must be sold each month for the firm to break even.

Breakeven units = Fixed cost / Contribution margin per unit

= $47600 / ($32 - $20.80)

= $47600 / $11.20

= 4250 units

b. Calculate the margin of safety and the margin of safety ratio.

Margin of safety = $418000 - ($32 × 4250)

= $418000 - $136000

= $282000

Margin of safety ratio = $282000/$418000 = 0.68

c. Calculate operating income if 7,000 units are sold in a month.

= [($32 - $20.80) × 7000] - $47600

= $78400 - $47600

= $30800

d. Calculate operating income if the selling price is raised to $47 per unit, advertising expenditures are increased by $8,000 per month, and monthly unit sales volume becomes 7,600 units.

Sales = 7600 × $47 = $357200

Less: Variable cost at $20.8 = $158080

Contribution = $199120

Less: Fixed cost = $47600

Less: Advertising expense = $8000

Operating income = $143520

3 0

2 years ago

A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expen

lions [1.4K]

Answer:

<em>From the question given, the values for department S, T, U was not stated, due to my findings and research i solved the example.</em>

<em>The correct answer to this is $21750</em>

Explanation:

<em>Given that,</em>

<em>Department S $111,000</em>

<em>Department T 213,150</em>

<em>Department U 146,250</em>

<em>The next step is to calculate Advertising Expenses</em>

<em> Total</em>

<em>Department S $111,000</em>

<em>Department T 213,150</em>

<em>Department U 146,250</em>

<em>Total = 470400</em>

<em>Next step is to allocate advertising expense to Department T based on departmental sales.</em>

<em>Department T = 48000 x 213150/470400</em>

<em> = $21750</em>

6 0

2 years ago

7. The _____ is a period of time long enough for firms to alter their plant capacities and for the number of firms in the indust

Ber [7]

Answer:

The correct answer is letter "A": long run.

Explanation:

A company sets its sustainability and strategic plans in the long run. The long-term is a long-lasting period of time, typically with a length of more than one (1) year, that firms use to set due dates of when their achievements must be fulfilled. The long-run scope is also useful ate the moment of calculating major debts such as loans with financial institutions for the acquisitions of plants, machinery or any other highly-valuable asset of the organization.

7 0

2 years ago