Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory. Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1. Salaries for assembly line inspectors. select a category 2. Insurance on factory machines. select a category 3. Property taxes on the factory building. select a category 4. Factory repairs. select a category 5. Upholstery used in manufacturing furniture. select a category 6. Wages paid to assembly line workers. select a category 7. Factory machinery depreciation. select a category 8. Glue, nails, paint, and other small parts used in production. select a category 9. Factory supervisors’ salaries. select a category 10. Wood used in manufacturing furniture.

Answer:

earned revenue for March 1,380 dollars

Explanation:

For March, the revenue recognize will be for the 92 units delivered. As the remainder are unrealized. The cleint can cancel the orderor the company could not delvier the units. Be must remember the accounting follow principles of conservatisims for revenue recognition.

the amount will be 92 units x 15 dollars each = 1,380 dollars

The payment dates are irrelevant for accrual basis.

The revenue recognized on the March income statement is $1380.00.

The revenue recognized on the March income statement from this order can be calculated by multiplying the number of units delivered in March with the price per unit. In this case, Chester Corporation delivered 92 units in March and the price per unit is $15.00. Therefore, the revenue recognized on the March income statement is $15.00 * 92 = $1380.00.

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The retained earnings of Hernandez company decreased by $1.96 million during the year due to the declaration of both a 10% stock dividend and a $.50 per share cash dividend.

Firms can reward their investors through issuing dividends, which can impact retained earnings. In Hernandez company's case, first the stock dividend needs to be calculated. A 10% stock dividend on 560,000 shares gives 56,000 new shares. Since stock dividends are a reallocation of retained earnings to common stock, the value at which the new shares are issued is important. Here, the market value is $30 per share, hence the reduction in retained earnings due to the stock dividend is 56,000 * $30 = $1,680,000.

Next, the cash dividend amount is also subtracted from retained earnings. With $.50 for each of the 560,000 shares, the cash dividend totals to 560,000 * $.50 = $280,000.

So the total decrease in retained earnings from both stock and cash dividends comes to $1,680,000 + $280,000= $1,960,000.

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Answer: Option C

Explanation: Public offering refers to the offering made by a company to the general public. Securities firm are the firms which specializes in such kinds of transactions.

The job of such firm is to make sure that the offering takes place correctly and all the shares are sold at the determined price. These firms then charge their fees from the issuing company. The fees could be fixed or variable as per the sale made.

Hence the correct option is C.

Answer:

q1=5

q2=4

Explanation:

In a Cournot model with a demand of the form [tex]P=a-bQ[/tex] and firms with constant marginal costs we can easily find that  the equilibrium quantities are given by

[tex]q_1=\frac{a-2c_1+c_2}{3}[/tex]

[tex]q_2=\frac{a-2c_2+c_1}{3}[/tex]

where [tex]q_1[/tex] is the quantity produced by firm 1 and  [tex]c_1[/tex] are its marginal costs. The same for firm 2.

So replacing with the data given in the problem we have that

[tex]q_1=\frac{15-2\times1+2}{3}=\frac{15}{3}=5[/tex]

[tex]q_2=\frac{15-2\times2+1}{3}=\frac{12}{3}=4[/tex]

Answer:

PV of the sales price  $1,986,948.23

Explanation:

We will calcualte the present value of the sale price using the present value of a lump sum formula:

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity 3,200,000

time                         5 years

rate         10% = 10/100 = 0.1

[tex]\frac{3200000}{(1 + 0.1)^{5} } = PV[/tex]  

PV        $1,986,948.2338  

This indicates the 3,200,000 in five years are equivalent to 1,986,948.23 dollars Thus, this investment is not profitable as the property will be purchased at 2,200,000

Answer:

The situation fits well in the storming stage of the team development process.

Explanation:

Team development is based on five stages and storming is the second phase. The chances of conflicts and personality clashes is high during this stage as members tend to disagree with each other view points. The disagreements are also caused due to the fact that the team is newly formed and members are in the process making peace with each other.

Answer:

Cost of sold goods= $1,027,600

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

COGS=Beginning Inventory+Production during period−Ending Inventory

We need to calculate the production during the period.

Cost of manufactured period= Beginning work in progress inventory+ direct materials + direct labor + factory overhead - ending work in progress

Cost of manufactured period=84,500+961,300-73,200

= $972,600

Cost of sold goods= $374,000 + $972,600 - $319,000

Cost of sold goods= $1,027,600

The Cost of Goods Sold (COGS) in this case is calculated using the formula: COGS = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory. Substituting the given values, the COGS is found to be $1,016,300.

The Cost of Goods Sold (COGS) can be computed using the formula: COGS = Beginning Inventory + Purchases – Ending Inventory. In this case, we use a slightly adjusted formula because of the given 'Cost of Goods Manufactured'. Our formula now becomes: COGS = Finished Goods Inventory, Beginning + Cost of Goods Manufactured – Finished Goods Inventory, Ending

By substituting the provided values, we get: COGS = $374,000 + $961,300 - $319,000 which equates to $1,016,300.

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Answer:

10.0%

Explanation:

Inflation is the sustained rise in prices of goods and services. A rate, on the other hand, is a coefficient that expresses the relationship between two magnitudes. Both concepts allow us to approach the notion of inflation rate, which reflects the percentage increase in prices in a certain time period.

The inflation rate is calculated by dividing the two consumer price indices (110 divided by 100) and subtracting one.

Rate of inflation = (110/100) - 1 = 1.1 - 1 = 0.1 = 10.0%

Hope this helps

The rate of inflation for the year was 10.0% when calculated based on the given change in the consumer price index, from 100 to 110.

The question solicits a calculation of the rate of inflation during a given year based on changes in the consumer price index (CPI). To calculate the rate of inflation, you use the formula: ((CPI in the final year - CPI in initial year) / (CPI in the initial year)) * 100%.

In the situation described by the question, CPI moved from 100 to 110. So the rate of inflation calculation would be: ((110 - 100) / 100) * 100 = 10%. The rate of inflation for the year was 10.0% when rounded to one decimal place.

Remember, the rate of inflation measures the rate at which the general level of prices for goods and services is rising and subsequently, purchasing power is falling. It is important to keep inflation in mind when examining the return on investments.

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Final answer:

To prepare a cost estimate for an additional 100 units, calculate the total direct costs and overhead, then apply the desired profit margin. The total cost of production for 100 units is $19,080, and to achieve a 40% profit margin, the quoted price for 100 units should be $31,800, or $318 per unit.

Explanation:

To calculate the price quote for 100 units of a product, we begin with the direct costs, which include labor costs and the cost of materials. The labor cost per unit is $17 per hour for 8 hours, totaling $136 per unit. The material cost per unit is $14. Therefore, the total direct cost is $136 (labor) + $14 (materials) = $150 per unit. For 100 units, the direct cost is $150 x 100 = $15,000.

The overhead cost is estimated at 30% of the direct labor cost, which is 0.30 x ($17 x 8 x 100) or $4,080. Adding the direct costs and the overhead cost, the total cost of production for 100 units is $15,000 + $4,080 = $19,080.

To achieve a 40% profit margin, the profit is calculated as a percentage of the total cost. To find the price to quote, we divide the total cost by (1 - profit margin), i.e., $19,080 / (1 - 0.40) = $31,800 for 100 units. This means the price per unit should be $31,800 / 100 = $318.

Answer:

The correct answer is option a.

Explanation:

Suppose the government used to tax incomes.  

But a change in law will exempt tax for the first $5,000 of interest income.  

This means that the income from providing loans will increase and the cost of supplying funds will decline. This will cause an increase in the supply of loanable funds. As a result, the supply for loanable funds curve will shift to the right. This rightward shift will cause the interest rate to fall.

Answer:

Cash available will increase.

Explanation:

Decrease in of Account Receivable in terms of cash:

The company will collect quicker from his customers. Theerfore the collection cycle will decrase and more cash will be available for use

Increase of Account Payable in terms of cash:

The company will delay payment for longer period of time. The payment cycle will increase. Less cash will be used as the obligation are settle in longer periods

Overall:

The combined effect will increase cash available, as the cash inflow increase form the reduced collection cycle. And also, the cash outflow decrease from the increase in the payment cycle

Answer:

Cash Flow :  $111,734  

Please see details below:

Explanation:

Assets 2017 2016

Cash  $165,172   $53,438  

Accounts Receivable  $213,752   $184,604  

Inventory  $405,643   $459,081  

TOTAL CURRENT ASSETS   $784,567   $697,123  

Property and Equipment  $471,226   $408,072  

Land  $194,320   $242,900  

TOTAL ASSETS   $1,450,113   $1,348,095  

Accounts Payable   $94,731   $104,447  

Bonds Payable   $364,350   $485,800  

TOTAL CURRENT LIABILITIES   $459,081   $590,247  

TOTAL LIABILITIES   $459,081   $590,247  

Common Stock   $524,664   $422,646  

Retained Earnings   $466,368   $335,202  

TOTAL EQUITY   $991,032   $757,848  

TOTAL EQUITY + LIABILITIES   $1,450,113   $1,348,095  

Cash Flow Ind Method $111,734  

Net Income   $225,897  

Depreciation   $82,586  

Dividends  -$94,731  

Bonds Payables  -$121,450  

Stock Issued   $102,018  

Land Sold  -$48,580  

Accounts Payables  -$9,716  

Inventory  -$53,438  

Accounts Receivable   $29,148  

The amount of Cash Flow by indirect method can be verified by the difference in the Cash on Balance Sheet between one year and other.

Assets 2017 2016

Cash  $165,172   $53,438   = $111,734

Answer:

C. $60,000

Explanation:

For computing the Erin investment, we have to assume the things which is shown below:

Let us assume Erin investment be X

We know that Erin would contributed 1 ÷ 4 investment in partners capital

So, the equation would be

1 ÷ 4 × ( $140,000 + $40,000 + X) = X

1 ÷ 4 × ($180,000 + X) = X

$45,000 + 1 ÷ 4X = X

So, $45,000 = 3 ÷ 4X

So, X = $45,000 × 4 ÷ 3

         = $60,000

Answer:

Price= $850,5

Explanation:

With the following information we need to calculate the price of the job:

Direct materials issued to production<= $60

Direct labor= $75

Manufacturing overhead= $99*direct hour=99*5=$495

Direct hours=$75/$15hour= 5hours

Total cost= 60+75+495= $630

Price= total cost*1,35=$850,5

Answer:

Explanation:

The journal entries are shown below:

July 1: Prepaid insurance A/c Dr   $12,500

               To Cash A/c                                       $12,500

(Being advance insurance is paid in cash)

July 31:  Insurance expense A/c $3,125

                  To Prepaid insurance             $3,125

(Being adjusted entry made)

The calculation of insurance expense is shown below:

= (Insurance ÷ total number of months in a two year ) × number of months

= ($12,500 ÷ 24 months) × 6 months

= $3,125

Sheridan Company records:

July 1st

[tex]\begin{array}{ccc}Account&Debit&Credit\\$Prepaid Insurnace&12,500&\\$Cash&&12,500\\\end{array}[/tex]

December 31st adjusting entry

[tex]\begin{array}{ccc}Account&Debit&Credit\\$Insurance Expense&3,125&\\$Prepaid Insurance&&3,125\\\end{array}[/tex]

At first, the company will record the insurance as an asset because, they adquire the right to get insurance. Therefore, as time past, they will decrease it as the insurance expires a portion each month.

12,500 for 2 years

12,500 / 24 months = 520.83 per month

6 month = 3,125 expired amount.

Answer:

A. The storyboard is a deliverable that marks the end of the phase.

Explanation:

As in the information provided, it is clearly stated that the entire film making is properly divided into separate phases.

And thus, each phase itself is a deliverable component.

Therefore, when it is said that the storyboard is completed, it is clear that a particular phase, which is a individual deliverable component is completed.

Correct option is,

Statement A

Answer:

B. purchase less​ gasoline, more of other​ goods, and be on a lower indifference curve.

Explanation:

When the goverment rationing is at the left of the equilibrium position, the consumer will be forced to consume less of the limited good. Thus, we will consume more of other goods.

The indiference curve, will be lower thus, rationing binds the consumer and reduces his welfare. Because, without the restriction he will consume larger amount of gasoline.

The FALSE statement about profit-maximizing firms in a competitive market is B. Firms earn no economic profit in the long run.

Profit-maximizing firms in a competitive market aim to earn the highest possible profit by producing and selling goods or services at a quantity and price where marginal cost equals marginal revenue. In such markets, firms are price takers, meaning they cannot influence market prices. They operate efficiently, minimizing costs while maximizing output to achieve economic profit in the short run.

In the long run, economic profits attract new firms, leading to a zero economic profit equilibrium. In a competitive market, firms are price takers and therefore, they cannot earn economic profit in the long run. In the long run, new firms will enter the market and existing firms will exit if they are not making economic profit. This process will continue until firms earn only normal profit, which means that their total revenue equals their total cost.

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Answer:

The answer is in the image attached

Explanation:

We will ultiply the output per worker by the amount of workers to get the output for each country

United States:

20 workers x 10 output each  = 200 computers

20 workers x 80 output each = 1,600 tons of rice

Thailand:

10 x 4 = 40 computer

10 x 60 = 600 tons of rice

Final answer:

To draw the production possibilities curves for Thailand and the U.S., plot the maximum output of computers and rice for each using their respective workforces. Thailand's PPF would have end points of 40 computers and 600 tons of rice, and the U.S.'s would have 200 computers and 1600 tons of rice. Normally, the curve should be bowed-out due to increasing opportunity costs, although it can be linear if opportunity costs are constant.

Explanation:

The question is asking to draw the production possibilities curve (PPF) for Thailand and the United States. A PPF shows the maximum output combinations of two goods or services an economy can achieve when all resources are fully and efficiently employed, given the technology at the time.

For Thailand, with 10 workers, the two end points of the PPF are 10 workers x 4 computers = 40 computers and 10 workers x 60 tons of rice = 600 tons of rice. For the United States, the end points are 20 workers x 10 computers = 200 computers and 20 workers x 80 tons of rice = 1600 tons of rice. To sketch the curves, you place computers on the horizontal axis and rice on the vertical axis. The curve will stretch from the point on the horizontal axis representing the maximum number of computers produced if all resources were allocated to computers production (40 for Thailand, 200 for the US), to the point on the vertical axis representing the maximum quantity of rice (600 tons for Thailand, 1600 tons for the US).

The PPF typically has a bowed-out shape due to the increasing opportunity cost of producing one additional unit of a good, which in turn is due to the fact that not all resources are of the same quality for producing all goods. However, if the production possibilities were to be assumed linear for both countries, the PPF would be a straight line.

In a world where comparative advantage dictates the production allocation, countries specialize in producing the goods for which they have the lowest opportunity cost and trade with each other. This allows the countries to consume beyond their own PPFs.

Answer:

a) The expression of the value in time is

[tex]V(t)=\sqrt{0.032t^{4}+1296}+544[/tex]

b) The value in ten years is $ 584.20.

Explanation:

The rate of change in time of V is

[tex]\frac{dV}{dT}=\frac{1.6*t^{3} }{\sqrt{0.2t^{4} +8100} }[/tex]

We have to solve this integral

[tex]\int dV=\int (\frac{1.6*t^{3} }{\sqrt{0.2t^{4} +8100} })dt[/tex]

To solve this, we can define

[tex]u=0.2t^{4} +8100\\\\du/dt=0.8t^{3} \\\\dt=\frac{du}{0.8t^{3}}[/tex]

Replacing in the integral

[tex]\int dV=\int (\frac{1.6*t^{3} }{\sqrt{0.2t^{4} +8100} })dt\\\\\int dV=\int (\frac{1.6*t^{3} }{\sqrt{u} })*\frac{du}{8t^{3} } \\\\\int dV=\int (\frac{1.6 }{\sqrt{u} })*\frac{du}{8 }\\\\\int dV=0.2*\int (\frac{1 }{\sqrt{u} })du\\\\V=0.2*(2*\sqrt{u} )+C=0.4*\sqrt{0.2t^{4}+8100 } +C\\\\V=\sqrt{0.4^{2} *(0.2t^{4}+8100)} +C=\sqrt{0.032t^{4}+1296}+C[/tex]

If V(0) = 580, we have

[tex]V(0)=\sqrt{0.032*0^{4}+1296}+C=580\\\\\sqrt{1296}+C=580 \\\\C=580-36=544[/tex]

The expression of the value in time is

[tex]V(t)=\sqrt{0.032t^{4}+1296}+544[/tex]

The value at ten years (t=10) is

[tex]V(10)=\sqrt{0.032*10^{4}+1296}+544\\V(10)=\sqrt{320+1296}+544\\V(10)=\sqrt(1616)+544=40.20+544=584.20[/tex]

Answer:

A. B = A and D > C + A

Explanation:

This will be explain better with an example

If there is 2 partners with 65,000 each

An a partner acquired 10% of a partnership for 20,000

Then the partnership worth will be: 20,000/0.1 = 200,000

But the capital will be 65,000 + 65,000 + 20,000 = 150,000

Then, there is a goodwill that will be recognize and increase the other partners capital accounts.

So, the amount credited for the new partner will be equal to his investment. (20,000 cash debit, partner 20,000 credit)

but the company's total capital will be higher than the sum of the capital before admission (130,000+20,000 = 150,000 while the capital is 200,000)

Answer:

Total deduction                               2,443.21

Explanation:

8,288

x 6.20% Sccial Security                      513.856

x 1.45% Medicate                                120.176

x 6.20% FUTA&SUTA  (for 7,000)       434              

Income tax witheld                           1,375.17

Total deduction                               2,443.21

We will multiply his taxable wages for period by the tax rate.

We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288

Final answer:

The total amount of taxes withheld from Phildell Phoenix's earnings for January is $2,443.21 after calculating the Social Security tax, Medicare tax, FUTA tax, SUTA tax, and adding the federal income tax.

Explanation:

To calculate the total amount of taxes withheld from Phildell Phoenix's earnings for the month of January, we need to consider the following: federal income tax, Social Security, Medicare, FUTA, and SUTA taxes. As specified, the Social Security tax rate is 6.2%, Medicare tax rate is 1.45%, FUTA tax rate is 0.8%, and SUTA tax rate is 5.4%. The federal income tax withheld is given as $1,375.17.

First, calculate the Social Security tax:
$8,288 x 6.2% = $513.86. Next, calculate the Medicare tax: $8,288 x 1.45% = $120.18. The FUTA and SUTA taxes only apply to the first $7,000 of Phoenix's pay. So, the FUTA tax is $7,000 x 0.8% = $56. The SUTA tax is $7,000 x 5.4% = $378.

Add these tax amounts to the federal income tax withheld:
Federal Income Tax: $1,375.17
Social Security Tax: $513.86
Medicare Tax: $120.18
FUTA Tax: $56
SUTA Tax: $378

Total Taxes Withheld = $1,375.17 + $513.86 + $120.18 + $56 + $378 = $2,443.21

Therefore, the total amount of taxes withheld from Phoenix's earnings is $2,443.21, which corresponds to option b.

Answer:

Ans. Bad Boys, Inc.’s cost of capital = 9.09%

Explanation:

hi, we need to find the cost of all the debt instruments of the problem, let´s start by stating that the cost of hte tax-deductable debt is 8% (equals to the coupon rate of the bond).

Preffered Stock

In order to find the cost of the preffered stock, we need to use the following formula.

[tex]Cost P.Stock =\frac{Dividend}{Price} =\frac{2.5}{25}=0.1[/tex]

Cost of Preffered Stock= 10%

Common Stock

To find the cost of the common stocks, we have to use the following formula.

[tex]CommonStock=\frac{Div1+Price*GrowthRate}{Price}[/tex]

[tex]CommonStock=\frac{1.5+20*0.05}{20} =0.125[/tex]

Common Stock Cost = 12.5%

If tax rate is 35%, the cost of capital of Bad Boys, Inc is found by using the following formula.

[tex]CostCapital=Bond(CostBond)(1-T)+P.Stock(costP.Stock)+C.Stock(Cost.C.Stock)[/tex]

[tex]CostCapital=0.45(0.08)(1-0.35)+0.05(0.1)+0.5(0.125)=0.0909[/tex]

The cost of capital is =9.09%

Best of luck.

The cost of capital for Bad Boys, Inc., considering their mixed financing strategy and marginal tax rate, is calculated to be approximately 9.09%. The calculation considers the costs of debt, preferred stock, and common equity, all weighted according to their proportion in the capital structure.

To calculate Bad Boys, Inc.’s cost of capital, we must compute the costs of debt, preferred stock, and common stock, then weight them according to their proportions in the firm's capital structure. The cost of debt (interest rate) is 8%, but because interest expense is tax deductible, we multiply this by 1 minus the tax rate: 8% * (1 - 35%) = 5.2%. The cost of preferred stock (dividend rate) is the dividend divided by the price per share: $2.50 / $25 = 10%. For common stock, we use the Gordon Growth Model to find the cost of equity: (next year’s dividend / current stock price) + growth rate of dividends: ($1.50 / $20) + 5% = 12.5%.

Now, we must weight these costs according to the proportions of capital: 5.2% * 45% (debt) + 10% * 5% (preferred stock) + 12.5% * 50% (common equity) = 2.34% + 0.5% + 6.25% = 9.09%. Thus, Bad Boys, Inc.'s cost of capital is estimated to be 9.09%. Understanding this concept allows companies to make informed decisions about future investments and financial management practices.

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Answer:

The income and margin of safety decrease under the proposed scenario.

It should not raise the price to 0.95. It should analize for another price.

Explanation:

Analysis under the current scenario:

Income

(sales price - variable price ) x units sold - fixed cost = income

(0.75 - 0.21) x 9,000 - 4,000

0.54 x 9,000 - 4,000 = 860

Break even point:

4,000/0.54 = 7,407 pounds

Margin of Safety;

9,000 - 7,407 = 1,593 pounds

Analysis under the proposed scenario:

Income

(0.95-0.21) x 5,700 - 4,000 =

0.74 x 5,700 - 4,000 = 218

Break even point:

4,000/0.74 = 5,405

Margin of Safety:

5.700 - 5,405 = 295

Raising the price of cheese will increase the profit for Pastureland Dairy.

To determine whether Pastureland Dairy should raise the price of its cheese, we need to compare the costs and revenues at the current price and the potential higher price. At the current price of $0.75 per pound, the dairy sells 9,000 pounds of cheese per month, resulting in total revenue of $6,750 ($0.75 x 9,000). The variable cost per pound is $0.21, so the total variable cost is $1,890 ($0.21 x 9,000). The fixed cost is $4,000.

If the price is raised to $0.95 per pound, the dairy would sell 5,700 pounds of cheese per month, resulting in total revenue of $5,415 ($0.95 x 5,700). The total variable cost would be $1,197 ($0.21 x 5,700). The fixed cost remains the same.

Comparing the two scenarios, at the current price, the dairy has a total profit of $870 ($6,750 - $1,890 - $4,000). If the price is raised, the total profit would be $1,218 ($5,415 - $1,197 - $4,000). Therefore, raising the price would result in a higher profit for the dairy.

Answer:

A money market account

Explanation:

A money market account is an interest-bearing account at a bank or credit union.

Answer:

(C) A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue Indefinitely Into the future.

Explanation:

a false

the principal is never repaid on a perpetuity

d false the perpetuity is for an indefinite period of time.

definition:

the perpetuity consist in a principal which yield a return over time indefinite. this return do not include any amortization in the principal neither principal installment are done through the investment or loan life

Answer:(a) $8,900

(b) -($4,200)

(c) -($13,100)

(d) -($13,100)

Explanation:

Given that,

Amount invested by shareholders = $230,000

Debt securities purchased for cash = $101,000

Received cash interest on securities = $8,900

unrealized holding loss on these securities = $13,100

(a) Net Income = $8,900(Cash interest received)

(b) Comprehensive Income = Net Income - unrealized holding loss

                                              = $8,900 - $13,100

                                              = -($4,200)

(c) Other Comprehensive Income = unrealized holding loss

                                                        = -($13,100)

(d) Accumulated other comprehensive income:

Ending Balance of other comprehensive income = Beginning Balance + During this year

= $0 + (-$13,100)

= -($13,100)

Answer:

c. 7 percent

Explanation:

The real interest rate will be net of the effect of inflation.

In this case we are givne with the principal and the amount.

We will solve for nominal rate first:

amount/ principal - 1 = rate

1,120/1,000 - 1 = 0.12

Now, we calculate the real rate of return. we subtract the inflation from the nominal to achieve the real rate.

nominal - inflation = real rate

0.12 - 0.5 = 0.07

The real interest rate will be of 0.07 = 7%

Answer:

Cost of good manufactured= $765000

Explanation:

To calculate the cost of manufactured goods we need to use the following formula:

Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress

Beginning work in progress= $35000

Direct materials = beginning inventory + purchase - ending inventory= 18000 + 510000 - 15000= 513000

Direct labor= 180000

Manufactured overhead=75000

Ending work in progress= 38000

Cost of good manufactured= 35000 + 513000 + 180000 + 75000 -38000= $765000

Answer:

The Operating Income is $305.000

Explanation:

Income Statement  

Total Net Sales $ 870.000

Cost of goods sold -$ 413.000

Operating Expenses -$ 152.000

Operating Income $ 305.000

Non-Operating Expenses -$ 12.000

Income Before Tax Expenses $ 293.000

Income Taxes -$ 85.000

Net Income $ 208.000