Given:
Selling price = 6.99
Cost = 4
The dollar markup is computed by deducting the cost from the selling price.
6.99 - 4 = 2.99 is the dollar mark-up based on cost.
2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.
Answer:
The correct option is (b)
Explanation:
Given:
Monthly payment for 6 months = $30 per month
Time period = 6 month (6 periods)
Monthly interest rate = 2%
In order to compute borrowed amount, present value of these payments need to be computed which is an annuity as same amount of $30 is paid.
Checking PVIFA table for 2%, 6 periods, annuity factor is 5.6014.
Borrowed amount = Monthly payment × PVIFA(2%,6)
= 30 × 5.6014
= $168.042
Borrowed amount is $168.042 or $168.22 approximately (difference in value due to annuity factor being rounded off)
Answer:
Number of shares to be issued = 60,000 units
Explanation:
<em>A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.</em>
The number of units to be issued is determined as follows
Units to be issued = Total capital to be raised / issue price per share
Number of units to be raised = $1215,000/$20.25 per share= 60,000 units
Number of shares to be issued = 60,000 units
Answer:
$21
Explanation:
The computation of the sales commission per unit sold is shown below:
= Selling price per unit × sales commission percentage
= $350 × 6%
= $21
By multiplying the selling price per unit with the sales commission percentage we can get the sales commission per unit and the same is shown above in the calculation part.
All other information is not relevant. Hence, ignored it
Answer:
$519,800
Explanation:
Variable cost per unit = $5.90 + $5.30 + $8.90 + $0.60
Variable cost per uni= $20.70
Fixed cost total = $32,000 + $178,000 + $7,000 + $20,000
Fixed cost total = $237,000
Cash disbursements for December = (Variable selling and administrative cost per unit*Number of unit (Yutes) sold) + (Fixed manufacturing overhead less depreciation)
= (14,000 * $20.70) + ($237,000 − $7,000)
= $289800 + $230,000
= $519,800
