Answer:
$1,220.55
Explanation:
We use the Present value formula to find out the current price of the bonds. The calculation is presented on the excel spreadsheet
Given that,
Future value = $1,000
Rate of interest = 5.5%
NPER = 19 years
PMT = $1,000 × 7.4% = $74
The formula is shown below:
= -PV(Rate,NPER,PMT,FV,type)
So, after solving this, the current price of the bond is $1,220.55
6,200 pounds of raw materials should be purchased in July.
<h3>
What are raw materials?</h3>
- Raw materials are the goods or inventories required by a company to make its products.
- Steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals are examples of raw materials.
The raw material purchases for July are computed as follows:
- Required production in units of finished goods.
- Units of raw materials needed per unit of finished goods.
- Units of raw materials are needed to meet production.
- Add desired units of ending raw materials inventory.
- Total units of raw materials needless units of beginning raw materials inventory.
- Units of raw materials to be purchased.
71,000 pounds × 10% = 7,100 pounds.
62,000 pounds × 10% = 6,200 pounds.
Therefore, 6,200 pounds of raw materials should be purchased in July.
Know more about raw materials here:
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The correct question is given below:
If 71,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
Answer: C. changes in unit selling prices.
Explanation:
The options given are:
a. the total flexible budget variance
b. the total static budget variance
c. changes in unit selling prices
d. changes in the number of units sold
Based on the information given, the variance can be wholly explained by changes in unit selling prices.
This is due to the fact that the flexible budget revenue variance is calculated and gotten as the difference between the budgeted revenue and the actual revenue at thesame activity level.
Therefore, the number of units will be thesame in both the actual results and the flexble budget. Then, the difference will be as a result of the change in the unit selling price.
Answer:
$3,525.00
Explanation:
The hire purchase price will be the sum of the deposit and the total monthly installments.
The deposit is $750
Monthly installments =monthly fee multiplied by 15 months
=$185 x 15
=$2,775.00
Hire purchase cost will be
=$2,775.00 +$750
=$3,525.00
Answer:
$247,800
Explanation:
Inventory December 31
physical inventory on December 31 $200,000
Add: Goods purchased FOB shipping point $26,400
Add: Goods sold FOB Destination <u> $21,400</u>
$247,800
FOB Shipping Point - the purchaser gains title to the inventory at the shipping point, so when Pelzer shipped the goods, they belonged to Stallman.
FOB destination - means the seller maintains title until the merchandise reaches its destination, so since the goods have not reached their destination, the goods still belonged to Stallman
