Answer and Explanation:
The computation of the margin of safety is shown below:
As we know that
margin of safety = Actual sales - break even sales
For Jakarta, it is
= $500,000 - ($80,000 ÷ 0.40)
= $500,000 - $200,000
= $300,000
And, for maldives, it is
= $6,620,000 - ($2,151,500 ÷ 50%)
= $2,317,000
Answer:
<u>$8,768</u>
Explanation:
<em>Sales for June will be</em> = $700 x 400 + $700 x 400 x 0.03 =
=280000 + 8400 = $288400
<em>Projected selling expense</em> = $3000 + $288400 * 0.02 = $3000 + $5768
= <em><u>$8768</u></em>
Answer:
10%
Explanation:
Calculation to determine the yield to maturity
Using financial calculator
FV= 1,000
N=2*8= 16
PMT=$1,000(0.05)/2 =$25 semiannual
PV -$729.05
I/Y = 5% semiannual
YTM=?
Hence,
YTM=10% YTM
Therefore the yield to maturity is 10%
Answer:
a. $1508
Explanation:
June 1 150 units
June 10 200 units
June 15 200 units
June 28 150 units
Total 700 units
Out of above, only 210 units are in hand. Under LIFO method, 150 units are from 1st June and 60 units are from 10th June.
Date Units (a) Per unit cost (b) Ending inventory (a*b)
June 1 150 $6.93 (1040/150) $1.040
June 10 60 $7.8 (1560/200) $468
Total 210 $1,508
So, using the LIFO inventory method, the value of the ending inventory on June 30 is $1,508
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