A company had the following information for 20XX: Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory COGS Gross Profit $20,000 75,000 95,000 10,000 $ 140,000 85,000 55,000

Q: Under which situation is the simple rate equal to the effective annual rate, and under which…

A: Simple interest is a linear function of time since it is computed on the initial principal amount…

Q: Define annual percentage rate (APR)

A: A rate at which a borrower is ready to pay and depositor is ready to receive the money is known as…

Q: Define effective (or equivalent) annual rate (EAR or EFF%)

A: The effective annual interest rate is the real return on reserve funds or savings account or other…

Q: • Use the below information to fill out the income statement and answer the questions 4-10 below:…

A: Calculation of Net Income :- Operating leverage 5 =Contribution / Net Income ( EBIT)  5 EBIT =…

Q: Which of the following is the cheapest for a borrower? 6.7% annual money market basis 6.7%…

A: Interest rate are compounded than effective interest rate is more and effective interest rate is…

Q: Determine the number of periods n would it take for a uniform payment series in an account that…

A: Compound amount factor (FVF) = 7 Interest rate (r) = 6% Period = n Mathematics constant (e) =…

Q: what do i put for beginning inventroy #of units and cost per unit?

A: Perpetual Inventory System is a method of costing the ending inventory and the inventory sold. Under…

Q: Compute the pretax profit (income before income taxes) if the net income is $140,000 and the income…

A: Net income = $140,000 Income tax rate = 0.30 or 30% Pretax profit = ?   Pretax profit is the profit…

Q: What does a "back-end" ratio consist of? Maximum monthly payments O 39% of gross monthly income O…

A: Back end ratio compares PITI (principal, interest, taxes and insurance) and other monthly debt…

Q: Sort the following contribution margin income statement line items in the correct order from top…

A: Operating income is calculated after deducting the variable costs and fixed costs from the total…

Q: Apart from the basic costs to build up a unit rate, explain FIVE other factors you will consider in…

A: Usually, the price is estimated by the estimators in context of building a firm. The basic cost that…

Q: am. 102.

A: APR stands for a) Annual Percentage Rate.

Q: After all costs have been accounted for, how much money will be made to cover them

A: The Answer :

Q: If the amount discount was $210 and the discount rate was 10% calculate the list price.

A: The discount amount is the net reduction in the product or service's list price that reduces the…

Q: What should be multiplied to the quantity of final products of the current year if we want to…

A: National income at constant prices: If goods and services produced in a year are valued at fixed…

Q: The is the amount remaining from sales revenue after all variable expenses have been deducted a.…

A: Sale revenue is the amount of revenue earned by the entity by selling goods in the market. It is…

Q: Find the breakeven quantities where (P= Profit, X = Units) • P= -0,09X^2 + 2,4x-6

A: Break-even quantity is the quantity at which profit is equal to zero. In other words, we can say the…

Q: Heble budget for selling and administrative expenses for a service company Digital Solutions Inc.…

A: Variable costs :— It is the cost that changes with change in activity of cost driver. Variable cost…

Q: Define selling cost. Give five examples of selling cost.

A: The expenditures paid by the producer to encourage the sale of the item are referred to as selling…

Q: If the initial margin $5000, the maintenance margin is $3500 and your balance is $3100, how much…

A: Maintenance margin is the minimum amount to be maintained in the account. If the account short falls…

Q: where did you get the $2000

A: Schedule A is a tax form used by U.S. taxpayers to itemize deductions on their federal income tax…

Q: Interpret the figure below: find (a) Presen additional maintenance cost, (b) Present worth of all…

A: Present value is the equivalent value today of the future cost based on the time period and interest…

Q: what is the equation to get the 0.007984 monthly rate.

A: The Rate function in the excel is used in the solution.

Q: Define the terms annual percentage rate (APR), effective annual rate (EFF%), and nominalinterest…

A: The term “annual percentage rate (APR)” refers to the annual rate of interest charged to borrowers…

Q: Why is variable cost $174?

A: Variable costs are the costs which are directly related to the production of a unit. If there is no…

Q: give 10 examples of period costs

A: All non manufacturing costs are period costs.

Q: Find the markup rate based on selling price if the percent markup based on the cost is 14%.

A: Mark up means the gross profit margin earned on the basis of selling price or cost price. Markup on…

Q: What is the base if the rate is 16.2% and the portion is 453

A: In order to compute the base rate          Portion  =   Rate × Base

Q: 1. Determine the discount rate assuming the PV of $1080 at the end of 1-year is $980

A: Discount rate is calculated using NPER function in excel

Q: Create a time value of money problem that involves all 5 variables.

A: The five variables that can be present in a time value equation are as follows: Interest rate.…

Q: A utility bill consisting of a monthly base, plus an added amount based on usage, is classified as…

A: A utility bill that includes a monthly base plus an additional amount based on usage is not…

Q: (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net…

A: Solution Concept Let us look at the formula used Gross margin     = sales – cost of goods sold Net…

Q: CM ratio = 1 ______ the Variable expense ratio. minus plus divided by multiplied by

A: Contribution margin ratio is the ratio between contribution margin and sales revenue. It is…

Q: Find the percent markup based on selling price, if the percent markup based on the cost is 18%.

A: Solution...     Markup on cost = 18%  Markup on sales = ?

Q: Define the term Annual operating cost:?

A: MEANING OF OPERATING COST The sum total of operating expenses and cost of goods sold is called…

Q: From the payment terms, 2/15, n/30, the discount period is ___________. a. 17 days b. 15 days c. 30…

A: Payment terms defines that in how many days payment should be made. It will also define that how…

Q: How do you calculate quarterly hour system?

A: It may not be true that employees won’t clock in the exact minute of the hour or even leave their…

Q: Is the difference in accumulated interest be1wcen continuous compounding and daily compounding…

A: Compounding - In this method the interest is calculated on the balance at the end of each…

Q: a) What is the gross margin now? Gross margin b) What is the net operating income now? Net operating…

A: Solution Concept mathematically Gross margin     = sales – cost of goods sold Net operating income…