Ayayai Corp. sells merchandise on account for $7000 to Nash's Trading Post, LLC with credit terms of 2/8, n/30. Nash's Trading Post, LLC returns $1600 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

Answer:

D. $137,600 $38,400

Explanation:

As for the provided information, we have,

Total capital = $230,000

1/5th of this capital = $230,000/5 = $46,000

therefore, goodwill not recorded = $50,000 - $46,000 = $4,000

For this capital of Jacob and Katy will be debited.

Jacob = $4,000 [tex]\times[/tex] 3/5 = $2,400

Kathy =  $4,000 [tex]\times[/tex] 2/5 = $1,600

Therefore, capital balances of Jacob and Kathy shall be:

Jacob = $140,000 - $2,400 = $137,600

Kathy = $40,000 - $1,600 = $38,400

Answer:

Interest= $1250000

Explanation:

We know that:

EBIT

interest (-)

=earnings before taxes

tax (-)

=Net profit

EBIT= 6250000

Interest= ?

t= 0,35

Net profit= 3250000

interest= [netprofit/(1-t)]- EBIT

interest= (3250000/0,65)-6250000

interest= 1250000

Tax=(EBIT-interest)*0,35= 1750000

To calculate the interest expense, we can use the formula: Interest Expense = EBIT - Taxable Income. Using the given values, the interest expense is $1.25 million.

To find the interest expense, we can use the formula:

Interest Expense = EBIT - Taxable Income

First, we need to calculate the taxable income by dividing the net income by (1 - tax rate):

Taxable Income = Net Income / (1 - Tax Rate)

Substituting the given values, we have:

Taxable Income = $3.25 million / (1 - 0.35) = $5 million

Next, we can calculate the interest expense by subtracting the taxable income from EBIT:

Interest Expense = EBIT - Taxable Income

Interest Expense = $6.25 million - $5 million = $1.25 million

Therefore, the interest expense is $1.25 million.

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Answer:

maximum profit is $8000 if sales from machine 1

Explanation:

given data

monthly fixed costs machine 1 = $18000

monthly fixed costs machine 2 = $15000

variable costs by machine 1 = $10

variable costs by machine 2 = $20

products sell = $50 each

to find out

What is the maximum profit if the projected sales are 650 units

solution

we consider here no of machine sold = x

and we know total Cost = Fixed Cost + Variable Cost

so for machine 1 cost = 18000 + 10x

for machine 2 cost = 15000 + 20x

here x we have given 650 machine sold so

for machine 1 cost = 18000 + 10(650) = $24500

for machine 2 cost = 15000 + 20(650) = $28000

we know products sell for $50 each

so earn for 650 = $32500

so profit from machine 1 = $32500 - $24500 = $8000

so profit from machine 2 = $32500 - $28000 = $4500

so maximum profit is $8000 if sales from machine 1

Final answer:

By calculating the profits using Machine I and Machine II, the maximum profit is achieved with Machine I, totaling $8,000.

Explanation:

To determine the maximum profit with projected sales of 650 units, we need to calculate the total cost and total revenue for producing 650 units with both Machine I and Machine II, then find the profit (Revenue - Cost) for each scenario to identify the higher profit.

Machine I

Machine II

The maximum profit of $8,000 is achieved with Machine I.

Answer:

D.Gain, $5,000.

Explanation:

Truck Value =  $48,000

Annual depreciation =   ( $48,000 -   $8,000) / 8 = $40,000 / 8= $5,000

First year (2013) = $40,000 - $5,000 =  $35,000

Second year (2014) = $35,000 - $5,000 =  $30,000

Third year (2015)= $30,000 - $5,000 =  $25,000

Gain  = Sale Value - Truck Value (actual) = $30,000 - $25,000 = $5,000

Answer:

The differential cost is  $4,369,250 in favor of New Jersey

Explanation:

Giving the following information:

Arkansas:

Fixed costs=$3,753,000

Variable costs= $52.73

New Jersey:

Fixed costs= $2,221,000

Variable costs= $14.99

If the production is 75000 units

Arkansas= 3753000+ 52.73*75000= $7707750

New Jersey= 2221000+14.9*75000= $3338500

The differential cost is  $4,369,250 in favor of New Jersey

A balance sheet is a fiscal report that gives a preview of an organization's monetary situation by summing up its resources, liabilities, and investors' value at a particular moment.

a. Current Asset report (Projected Deals: $480 million):

Current Resources:

Cash: $96 million (20% of $480 million)

Records of sales: $96 million (20% of $480 million)

Stock: $96 million (20% of $480 million)

All out Current Resources: $288 million

Fixed Resources: $336 million (70% of $480 million)

All out Resources: $624 million

Current Liabilities:

Momentary Obligation: $48 million (10% of $480 million)

Long haul Obligation: $125 million

Normal Stock: $53 million

All out Liabilities and Value: $624 million

b. External Funds Needed = (Projected Complete Resources - Current All out Liabilities and Value) - (Introductory All out Resources - Starting Absolute Liabilities and Value)

Outside Assets Required = ($624 million - $624 million) - ($480 million - ($125 million + $53 million))

Outside Assets Required = $0 - $302 million

= - $302 million (No outer assets required)

c-1. ro Forma Balance Sheet (Projected Deals: $480 million):

(Utilizing the determined qualities from section a.)

c-2. External Funds Needed:

As determined to some extent b, no outside reserves are required (- $302 million). The organization's projected development can be supported utilizing inward assets.

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The current balance sheet is prepared based on given ratios and Dahlia Colby's sales projection. In the next fiscal year, the firm's pro forma balance sheet is presented with additional retained earnings. Based on the difference between total assets and current liabilities, the external funds required for the Charming Florist can be determined.

a. To prepare the current balance sheet using the projected sales figures, we will perform the following calculations:  

b. The net income of Charming Florist is determined by the profit margin which is 15% of the sales, making it $72 million (0.15 × $480 million). Dividends payout is 20% of the net income, therefore, $14.4 million (0.20 × $72 million) is paid out in dividends. This leaves $57.6 million (72 - 14.4) as an addition to retained earnings. To calculate the external funds needed, subtract this figure and the short-term debt from the total of current and fixed assets.

c-1. A pro forma balance sheet for the next fiscal year would look something like this:

c-2. Depending upon the exact current retained earnings, the required external financing can alter. But theoretically, if everything is the same, it can be calculated as Total Assets (i.e. Current and Fixed Assets) - (Short-term debts + Long-term debts + Common Stock + Retained Earnings).

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Answer:

Instructions are listed below

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

Total

Expenses (-)

Primary Activity Expenses

Secondary Activity Expenses

Total

Gains (+)

Losses (-)

Net income/loss

In this exercise:

sales totaled $ 986000

$58500 on expenses relating to website​ maintenance

$30500 on​ marketing

$29100 on​ wrapping, boxing, and shipping the goods to customers.

$643000 on inventory purchases

$19700 on​ freight-in charges.

started the year with $16250 inventory

ended the year with $ 16800 of inventory.

Revenues= 986000

Expenses (-)

Primary Activity Expenses:

Cost of goods sold= Initial inventory + purchase - ending inventory= $642450

wrapping, boxing, and shipping= $29100

Secondary Activity Expenses:

website​ maintenance=58500

marketing= $30500

freight-in charges= $19700

Total Expenses= $780250

Net income= $205750

Answer:

Transactional leadership style

Explanation:

Transactional leadership style is where the leader is focused on the overall goals of the company and getting things done instead of building a more long term social relationship. The leader is focused on a more professional relationship which benefits all the involved parties in such a way that is limited to the company only.

Answer: Option B

Explanation: In simple words, the market in which the price of the securities reflect all the information that is relevant to the the investor is called an efficient market. No investor can beat such markets as no security is undervalued or overvalued.

This accuracy in pricing could only be maintained when all the participants are fully aware of new information which is possible only if the information is quickly spread in the market.

Hence the correct option is B.

Answer:

Ending cash  balance  :  22,600

Explanation:

operating activities:

collection from products    31,000

collection from services     21,000

merchandise suppliers     (10,200)

wages paid                       (22,200)

advertisement paid            (2,200)

generated from operating activities          17,400

financing activities:

loan from the bank 36,000

dividends paid         (4,200)

cash generated from financing activities 31,800

investing activities:

sale of warehouse           11,200

purchase of equipment (41,000)

cash used in investing activities              (29,800)

cash generated for the period                                        19,400

beginning cash balance                                                    3,200

Ending cash  balance                                                      22,600

Explanation:

Iowa's opportunity cost of producing 1 bushel of wheat is

= 3 bushels of corn

Nebraska's opportunity cost of producing 1 bushel of wheat is

= [tex]\frac{1}{3}[/tex]

= 0.33 bushels of corn

Iowa's opportunity cost of producing 1 bushel of corn is

= [tex]\frac{1}{3}[/tex]

= 0.33 bushels of wheat

Nebraska the opportunity cost of producing 1 bushel of corn is

= 3 bushels of wheat

Nebraska has a comparative advantage in producing wheat and Iowa has a comparative advantage in producing corn.

If both countries start to produce the commodity they have a comparative advantage in producing, both will gain from trade.

Iowa can give up producing 20 million bushels of wheat and instead produce additional

= 20 × 3 = 60 million bushels of corn

Similarly, Nebraska can give up producing 20 million bushels of corn and instead produce additional

= 20 × 3 = 60 million bushels of wheat

So now Iowa can produce 180 million bushels of corn no wheat and Nebraska can produce 180 million bushels of wheat and no corn.

If they trade, Nebraska can trade 120 million bushels of wheat for 60 bushels of corn. With this trade, Nebraska will end up with 120 million bushels of corn and 60 million bushels of wheat and Iowa will end up with 60 million bushels of corn and 120 million bushels of wheat.

With trade, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn while Iowa can end up with 40 million bushels of corn and 120 million bushels of wheat by specializing in the goods that have lower opportunity costs for each state and then trading with each other.

Opportunity cost is the value of the next best alternative that is forgone when making a decision. In the scenario given, Iowa and Nebraska have different opportunity costs for producing corn and wheat. The opportunity cost of producing 1 bushel of wheat for Iowa is 3 bushels of corn, while for Nebraska, the opportunity cost of producing 1 bushel of corn is 3 bushels of wheat.

Given this information, with trade, both states can specialize in producing the good that has a lower opportunity cost for them and then trade with each other. Iowa should specialize in producing corn because its opportunity cost of corn is lower than that of Nebraska, and Nebraska should specialize in producing wheat because its opportunity cost of wheat is lower than that of Iowa.

Through trade, Iowa can swap some of its corn for Nebraska's wheat, and Nebraska can swap some of its wheat for Iowa's corn. This way, both states can end up with a larger quantity of the good they specialize in. So, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn, and Iowa can end up with 40 million bushels of corn and 120 million bushels of wheat.

Answer:

The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares

Explanation:

The computation of the number of shares are shown below:

= January 1 shares + may 1 shares + convertible cumulative preferred stock

= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares

= $56666.67 + $133,333.33 + $12,000

= $202,000 shares

The 4 months are calculated from January 1 to May 1, 2015

And, the 8 months are calculated from May 1 to December 31

Answer:

The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 is $36,000

Explanation:

The computation of the balance in the treasury stock account is shown below:

= Number of shares sold × (Selling price of share - purchase price of share)

= 18,000 shares × ($13 per share - $11 per share)

= 18,000 shares × $2 per share

= $36,000

The other items which are mentioned like issued shares, authorized shares are irrelevant because we have to compute for the treasury stock, not for the common stock. So, these parts would be ignored in the computation part.

The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 can be calculated by considering the capital transactions of Horton Co. during the year.

The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 can be calculated by considering the capital transactions of Horton Co. during the year.

To calculate the balance, we need to subtract the decrease in Paid-in Capital from Treasury Stock from the increase in Paid-in Capital. Therefore, the balance would be the increase from the January 5 transaction, which is (375,000 shares x $14 per share) minus the decrease from the November 25 transaction, which is (18,000 shares x $13 per share).

Answer:

A. Deadweight loss = 125 units.

B. Deadweight loss = 25 units.

Explanation:

In a free market and completely efficient economy, the consumer surplus equals the producer surplus. Both benefits of free trade. When consumers o producers have a minor surplus, necessarily implies a loss on eficiency, usually caused by government regulations like taxes or price ceilings.

The amount of welfare lost is measure by the difference between consumer and producer surplus.

In the first case:

|Consumer surplus - producer surplus| = 25 units

|250- 125| = 125 units

And in the second case:

|180- 155| = 25 units

When both consumer surplus and producer surplus are maximized, there is no deadweight loss. The change in welfare is calculated as the difference between the initial and the final total surplus.

When both consumer surplus and producer surplus are maximized, there is no deadweight loss. Deadweight loss occurs when the economy produces at an inefficient quantity and results in a reduction in total surplus. In the given scenario, since both consumer surplus and producer surplus are maximized, there is no deadweight loss, so the amount of deadweight loss is 0.

When consumer surplus falls to 180 and producer surplus rises to 155, we can calculate the change in welfare. The change in welfare is the difference between the initial total surplus and the final total surplus. Initial total surplus = Consumer surplus + Producer surplus = 250 + 125 = 375. Final total surplus = Consumer surplus + Producer surplus = 180 + 155 = 335. The change in welfare is the difference between the initial and final total surplus: 375 - 335 = 40.

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Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr $319,900

      To Income Summary $319,900

(Being revenue account closed)

2. Income summary A/c Dr $316,960

             To Cost of goods sold   $192,390

             To Delivery Expense $7,620

             To Salaries and Wages Expense $65,800

             To Insurance Expense $11,850

             To  Sales returns and allowances $12,030

             To Rent Expense $18,830

             To Sales discounts $8,440

(Being expenses accounts are closed)

3. Income summary A/c Dr $2,940 ($319,900 - $316,960)

        To Retained earning $2,940

(Being the difference is credited to retained earning)

The total manufacturing cost of Job 550 is the sum of direct materials cost, direct labor cost, and manufacturing overhead cost. The selling price for Job 550 is the total manufacturing cost multiplied by the markup percentage.

To compute the plantwide predetermined overhead rate, you need to divide the total estimated manufacturing overhead costs by the total estimated allocation base. In this case, the allocated base is the direct labor-hours. So, the plantwide predetermined overhead rate can be calculated as $350,000 / 125,000 = $2.80 per direct labor-hour.

To compute the total manufacturing cost of Job 550, you need to add together the direct materials cost, direct labor cost, and manufacturing overhead cost. In this case, the direct materials cost is $201, the direct labor cost is $240, and the manufacturing overhead cost (calculated using the plantwide predetermined overhead rate) is $2.80 x 15 hours = $42. The total manufacturing cost of Job 550 is $201 + $240 + $42 = $483.

If Landen uses a markup percentage of 200% of its total manufacturing cost, the selling price for Job 550 would be calculated as $483 x 200% = $966.

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Final answer:

The plantwide predetermined overhead rates are calculated using direct labor-hours or machine-hours; Job 550's total manufacturing cost and selling price are determined based on these rates. Different production methods are analyzed for cost-effectiveness by comparing the total costs, which include labor and machine costs.

Explanation:

To compute the plantwide predetermined overhead rate using direct labor-hours, we sum the fixed manufacturing overhead cost ($350,000) with the variable cost per direct labor-hour ($3.80) multiplied by the total estimated direct labor-hours (125,000). The total manufacturing cost of Job 550 includes the direct materials, direct labor cost, and the applied overhead. When using a markup of 200% on the total manufacturing cost, the selling price for Job 550 is calculated accordingly. On the other hand, if machine-hours are used as the base for the plantwide predetermined overhead rate, the calculation involves the fixed manufacturing overhead cost and the variable cost per machine-hour ($7.60) multiplied by the total estimated machine-hours (62,500).

When evaluating different methods of production, the total costs including the cost of labor and machine are considered to determine the most cost-effective method. In the numerical examples provided, adjustments in the cost of machines affect the overall costs systematically, allowing comparison and selection of the optimal production method based on cost efficiency.

Answer:

The accrual net income for the year is $204,600

Explanation:

The computation of the accrual net income for the year is shown below:

Net income = Revenue - expenditure

where,

Revenue = Cash collected from customers + customers owed at the end of the year

And, the expenditure = Cash paid for rent + Cash paid to employees for services rendered during the year + Cash paid for utilities + gas and electric expenses

Now put these values to the above formula

So, the answer would be equal to

= Cash collected from customers + customers owed at the end of the year - Cash paid for rent - Cash paid to employees for services rendered during the year - Cash paid for utilities - gas and electric expenses

= $335,000 + $59,000 - $19,500 - $119,000 - $49,000 - $1,900

= $204,600

The rent payment is given for two years but we have to compute for the one year only

So, rent payment = $39,000 ÷ 2 = $19,500

The statement 'D. Pay rates determined by a governmental planning agency provide workers with the incentive to work hard' does not necessarily relate to how the political and legal environment enhances productivity, as it implies government control over pay rates, unlike the others which encourage productive activities.

Each statement here refers to how the political and legal environment can enhance productivity, with one exception: D. Pay rates determined by a governmental planning agency provide workers with the incentive to work hard. This is the exception because it implies government control over pay rates, which may not necessarily promote productivity. In contrast, factors like well-defined property rights, political stability, and price changes in markets typically encourage productivity by establishing a conducive environment for economic activities. For instance, well-defined property rights give individuals the confidence to invest in their property, knowing it is safe from arbitrary seizure. Political stability gives businesses a stable environment to operate, whilst varying prices respond to supply and demand, thereby encouraging suppliers.

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The exception to how a political and legal environment fosters productivity is when pay rates are determined by a governmental planning agency.This pivotal role doesn’t always offer the necessary incentives to drive the employees working in an economy to increase productivity.

The statement that does not describe how the political and legal environment encourages productivity is (D) Pay rates determined by a governmental planning agency provide workers with the incentive to work hard. This is because centrally planned economies, where pay rates are set by a governmental planning agency, often provide less incentive for workers to increase productivity. Workers know they will receive the same pay regardless of how much effort they put into their work, potentially discouraging them from working hard. While the government can provide motivation for work through other means, the statement as is does not encourage an increase in productivity, unlike A, B, and C which all promote economic efficiency and growth.

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Answer:

The correct option is (D)

Explanation:

Short-term debt instruments are traded in money market that have maturity ranging from one day to one year. Some examples of money market instruments are certificate of deposits and treasury bills that have low risk and low returns.

Primary markets are where securities are traded for the first time. Buying and selling or already traded stock is done in secondary market. Capital markets deal with long-term securities. So, these options are incorrect.

Short-term financing is carried out in in money markets.

Answer:

In both cases you will reach $1 million in savings

Explanation:

Giving the following information:

Suppose your goal is to save​ $1 million by the age of 60.

1) What amount of money will be saved by socking away ​$11,793 per year starting at age 29 with a 6​% annual interest rate?

We need to use the final value formula with an annual deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {11793*[(1.06^31)-1]}/0.06= $1,000,066.18

2)What amount of money will be saved by socking away ​$27,186 per year starting at age 40 at the same interest​ rate?

FV= {27186*[(1.06^20)-1]}/0.06

FV= $1,000,053.1

In both the cases, an individual would reach his target of reaching $1 million in savings.

Saving is that part of income which is not spent, or postponed consumption. Methods of saving include putting money aside in.

Example:

A deposit account, an investment fund, or as cash. Saving also regards cut back expenditures, such as recurring costs.

Computation of Savings:

(1). If starting at the age of 29 years, the total amount of saving would be:

Given that,

A= Annuity = $11,793,

n = time =  31 years,

r = Rate = 6%.

Now, we have to put here the formula of future value(FV):

[tex]\text{FV} =A \dfrac{(1+i)^n-1}{i}\\\\\\\text{FV} =\$11,793\times \dfrac{(1+6\%)^3^1-1}{6\%}\\\\\\\text{FV} = \$1,000,066.18[/tex]

(2). If starting at the age of 40 years, the total amount of saving would be:

Given that,

A= Annuity = $27,186,

n = time = 20 years,

r = Rate = 6%.

Here also, we have to put here the formula of future value(FV):

[tex]\text{FV} =A \dfrac{(1+i)^n-1}{i}\\\\\\\text{FV} =\$27,186\times \dfrac{(1+6\%)^2^0-1}{6\%}\\\\\\\text{FV} = \$1,000,053.1[/tex]

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Answer:

Net Income for the year            234.500

Explanation:

Income Cash collected 375.000  

Income Customer Owed 67.000  

Total Income                  442.000  

Expenses Employees 127.000  

                Utilities               57.000  

                Rent                          23.500 The effect on results of for 1 year was paid for 2 years in advance.  

Total Expenses          207.500  

Net Income                 234.500  

Answer:

The demand and supply curve will both shift to the right.

The change in price is ambiguous.

The quantity will increase.

Explanation:

As the government provides subsidies to zero-emission vehicles. The cost of production for such vehicles producing firms will decline. This will cause an increase in supply as the firms will be able to produce more at the same cost. This will cause an increase in supply shown by a rightward shift in the supply curve.  

As there is a higher priority among households to reduce their environmental impact. They will demand more of these vehicles. This will cause an increase in demand indicated by a rightward shift in the demand curve.  

The rightward shifts in both demand and supply curve will cause an increase in the equilibrium quantity of the commodity.  

The change in price level depends upon the extent of the increase in demand and supply.

The demand and the supply for zero-emissions electric vehicles will both shift right due to federal funding for low-cost battery development and households' environmental priorities. This results in an ambiguous effect on equilibrium price but generally leads to an increase in equilibrium quantity.

Considering the market for zero-emissions electric vehicles with an upward-sloping supply curve and a downward-sloping demand curve, the influx of federal funding targeted at developing low-cost batteries for electric cars would likely increase the supply of these vehicles, shifting the supply curve to the right. Concurrently, as American households prioritize minimizing their environmental impact, the demand for zero-emissions electric vehicles will increase, hence the demand will shift to the right.

As both the demand and the supply curves shift to the right, the effect on equilibrium price is ambiguous without further information about the magnitude of the shifts. However, the increase in both supply and demand generally leads to a higher equilibrium quantity, provided the shifts are of similar scales.

Answer:

Explanation:

The adjusting entry for supplies is shown below:

Supplies expense A/c Dr    $115

    To supplies A/c                              $115

(Being adjusted entry recorded)

The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to

=  Supplies balance - supplies on hand

= $148 - $33

= $115

Answer: C

Explanation:

Layla works during her meeting to pull together the ideas of her committee members into a coherent whole. Layla is performing a task . task, duty, job, chore, stint, assignment mean a piece of work to be done. task implies work imposed by a person in authority or an employer or by circumstance. charged with a variety of tasks duty implies an obligation to perform or responsibility for performance.

The correct answer is C. Task

Explanation:

In a group discussion, meeting or similar scenario, participants can have different roles. In the case of task roles, this refers to roles such as monitoring participation, gathering information or pulling ideas together to get to conclusions or find a solution, and even motivating participants. The activities belong to a task role because they help the group to achieve the main purpose or goal.

Layla is performing a task role because her action of pulling ideas together is a common task or activity in this role, also, this action helps the group to accomplish the goal considering without Layla doing this, the group would not get a complete and coherent idea of the ideas provided by all participants.

Answer: $387.23

Explanation:

Given that,

Borrowed from bank, P = $50,000

Annual interest rate, r = 8% = 0.08

Monthly rate of interest = [tex]\frac{0.08}{12}[/tex]

                                       = 0.0067

Tenure(period), n = 25 years = 25 × 12

                                                = 300 months

[tex]Monthly\ Installments=\frac{P\times r\times (1+r)^{n}}{[(1+r)^{n}-1]}[/tex]

[tex]Monthly\ Installments=\frac{50,000\times 0.0067\times (1+0.0067)^{300}}{[(1+0.0067)^{300}-1]}[/tex]

[tex]=\frac{50,000\times0.0067\times7.413453}{7.413453-1}[/tex]

[tex]= \frac{2,483.50676}{6.413453}[/tex]

      = 387.23

Therefore, the required monthly payment is $387.23

Final answer:

Nicola needs to make a monthly payment of approximately $416.12 for 25 years to pay off a $50,000 loan with an 8% annual interest rate compounded monthly.

Explanation:

To calculate the monthly payment that Nicola would have to make to pay off the $50,000 loan after exactly 25 years at an annual interest rate of 8% compounded monthly, we will use the present value of an annuity formula. The monthly interest rate is 0.08 (annual rate) divided by 12 (months), which equals 0.00666667. The number of payments over 25 years is 25 years times 12 months, equalling 300 payments.

The formula for the present value of an annuity, which tells us the payment amount per time period, is:

PV = PMT ×

When rearranged to solve for PMT (the payment amount), it becomes:

PMT = PV ×

Substitute the values we have:

PMT = $50,000 ×

After performing the calculations, the monthly payment comes to approximately $416.12. Thus, Nicola would have to pay around $416.12 per month for 25 years to pay off the compounded interest loan.

Answer: The dirty clothes, water and detergent

Explanation: Inputs are the resources that are put into the system to attain a desired output, that may have a value to someone. The output is the final commodity that one get at the end of the system.

If we see washing machine as a system then the cleaned clothes are the output from that system. The resources that are used to get the clothes cleaned such as dirty clothes, water and detergent are the inputs.

Hence from the above we can conclude that the correct option is A.

Final answer:

The overhead application rate for the manufacturing company can be calculated as approximately $3.20 per dollar of direct labor cost.

Explanation:

The overhead application rate is calculated by dividing the total estimated overhead costs by the total estimated direct labor cost. In this case, the Work in Process Inventory account has a debit balance of $12,960. The cost sheet for the job still in progress shows direct material cost of $4,000 and direct labor cost of $2,800.

To calculate the overhead application rate:

Overhead Application Rate = Total Estimated Overhead Costs / Total Estimated Direct Labor Cost

Since the Work in Process Inventory account has a debit balance, we can assume it includes both direct material and direct labor costs. Therefore, we can calculate the total estimated direct labor cost for the job still in process:

Total Estimated Direct Labor Cost = Debit Balance of Work in Process Inventory Account - Direct Material Cost

Substituting the values into the formula, we have:

Overhead Application Rate = $12,960 - $4,000 / $2,800

Simplifying, we get:

Overhead Application Rate = $8,960 / $2,800

Therefore, the company's overhead application rate is approximately $3.20 per dollar of direct labor cost.

Answer:

Instructions are listed below

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

Total

Expenses (-)

Primary Activity Expenses

Secondary Activity Expenses

Total

Gains (+)

Losses (-)

Net income/loss

In this exercise:

Total revenues=$954210

Expenses:

Office expense 219470

Miscellaneous expense 19085

Wages expense 458020

Total Expenses=$696575

Net profit= $275635

Answer: $2,175,000

Explanation:

Given that,

short-term debt it expects = $3,080,000

sale of common stock = 87000 shares

stock sold = $25 per share

Short-term debt could be excluded from current liabilities = 87,000 shares × $25 per share

= $2,175,000

Therefore, the amount $2,175,000 of short term debt have to be excluded from current liabilities.

Answer:

2018: 8 months

Depreciation= $916,67

2019: full year

Depreciation= $1375

Explanation:

Giving the following information:

Taco Hut purchased equipment on May 1, 2018.

Price:  $15,000.

Residual value: $4,000

Useful life: 8 year

We need to calculate the depreciation for 2018 and 2019 using straight-line method:

Depreciation= (purchase price- residual value)/useful life

Depreciation= (15000-4000)/8= $1375

2018: 8 months

Depreciation=(1375/12)*8= 916,67

2019: full year

Depreciation= $1375