Answer:
$1,028.11
Explanation:
In this question we use the Present value formula that is presented on the attached spreadsheet
Given that,
Future value = $1,000
Rate of interest = 6.7% ÷ 2 = 3.35%
NPER = (20 years - 5 years) × 2 = 30 years
PMT = $1,000 × 7% ÷ 2 = $35
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $1,028.11
Answer:
B. Mashed Potatoes
Explanation:
When using multistage technique, potatoes would be used and prepared going more than just one step of cooking method before finished. SO the correct answer is Mashed Potatoes because for this dish, potatoes have to be precooked first, and then mashed and cooked again.
Meanwhile, for French Fries, potatoes are just fried only. And similarly, baked potatoes, steamed potatoes are also example of single stage technique because potatoes only go through 1 method of cooking which are baking, steaming, relatively.
Answer:
10.4%
Explanation:
The formula to calculate the cost of equity is:
Cost of equity= (DPS/MPS)+r
DPS= Dividend per share
MPS= Market price per share
r= Growth rate of Dividends
Cost of equity= (2.77/40.12)+0.0350
Cost of equity=0.069+0.0350
Cost of equity=0.104→ 10.4%
The company's cost of equity if the current stock price is $40.12 per share is 10.4%.
Answer:
Piper Rose Boutique should accept the special order made by the college
Explanation:
Price per unit the college is willing to pay = $6
Total variable cost per unit to be incurred by Piper Rose Boutique = Direct materials + Direct labor + Variable factory overhead = $2.00 + $0.50 + $1.50 = $4,00
Since the price per unit of $6 that the college is willing to pay is greater than the total variable cost per unit of $4 to be incurred by Piper Rose Boutique, Piper Rose Boutique should accept the special order made by the college.
Note: the Fixed factory overhead is not relevant in taking the decision. Only the variable costs are relevant.
Answer:
The answer for each requiremnt is given below.
1. Accounts Payable
both debit and credit entries-credit when buying good on account and debit when paying cash against it.
2. Accounts Receivable
both debit and credit entries-debit when selling good on account and credit when paying cash against it.
3. Cash
both debit and credit entries-credit when making payments and debit when receiving cash income.
4. Fees Earned
credit entries only- as fees is earned.
5. Insurance Expense
Debit entries only - as expense is incurred.
6. Steve Campbell, Drawing
Debit entries only - when Steve draws amount from business.
7. Utilities Expense
Debit entries only - as expense is incurred.