OA $27,800 OB. $3,100 OC. $3,140 OD. $3,000
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- Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations $ 106 Selling price Units in beginning inventory Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: $ 46 $ 28 $ 2 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $33,800 $ 8,800 The total gross margin for the month under the absorption costing approach is:11D MATH 35 --- Introductory Business PV Years Percent Compound FV 9.81% Monthly $86,450.00 O a. $49,307.58 O b. $48,103.70 c. $48,041.91 O d. $48,330.75You are considering the acquisition of a small office building. The purchase price is $575,000. Seventy percent of the purchase price can be borrowed with a 30-year, 4.5 percent mortgage. Payments will be made annually. Up-front financing costs will total three percent of the loan amount. The expected before-tax cash flows from operations--assuming a 5-year holding period-are as follows: Year BTCF 1 2 3 5 $51,800 55,600 63,200 68,700 $73,800 The before-tax cash flow from the sale of the property is expected to be $225,000. What is the net present value of this investment, assuming a 9 percent required rate of return on levered cash flows (rounded to $Thousands)?
- Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality Quality data gathering, analysis, and reporting Net cost of spoilage Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems What would be the total external failure cost appearing on the quality cost report? $ 15,600 $ 66,900 $ 59,500 $ 26,100 $ 15,800 $ 40,000 $ 40,600 $ 39,400 $ 63,800Al Small is charged 3 points on a $60,000 $100,000. The points in dollars cost Al: O a. $1,080 Ob. $3,000 OC. $600 O d. $1,800Tax Rate Single 10% up to $9275 15% $9276 to $37,650 25% $37,651 to $91,150 28% $91,151 to $190,150 33% $190,151 to $413,350 35% $413,351 to $415,050 39.6% more than $415,050 Standard Deduction $6300 Exemptions (per person) $4050 You would like to have $550,000 in 39 years by making regular deposits at the end of each month in an annuity that pays 6% compounded monthly. The table below shows the 2016 marginal tax rates, standard deduction, and exemptions for a single person. Complete parts (a) through (c). a. Determine the deposit at the end of each month. In order to have 550,000 in 39 years, you should deposit ____ each month. (Round up to the nearest dollar.) b. Assume that the annuity in part (a) is a tax-deferred IRA belonging to a man whose gross income in 2005 was $52,000. Use the table on the left to calculate his 2005 taxes first with and then without the IRA. Assume the man…
- Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Southern Northern Division Division $ 212,300 $ 129,400 $ 72,182 $ 46,584 $70,300 $ 98,100 $ 42,460 $ 25,880 Total Company $ 341,700 $ 118,766 $ 168,400 $ 68,340 Sales Variable expenses Traceable fixed expenses Common fixed expense The common fixed expenses have been allocated to the divisions on the basis of sales. The Northern Division's break-even sales is closest to:Snavely, Incorporated, manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product E1 Product A7 Total direct labor-hours Product E1 Product A7 The direct labor rate is $24.10 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $ 282.00 $ 204.00 Activity Cost Pools Labor-related Machine setups Order size Expected Production 900 600 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Direct Labor- Total Direct Hours Per Unit Labor-Hours 1,800 2.0 1.0 600 2,400 Activity Measures DLHs setups MHS Estimated Overhead Cost $ 132,400 62,430 976,450 $ 1,171,280 Expected Activity Product E1 Product A7 1,800 1,000 3,700 600 600 3,400 Total 2,400 1,600 7,100 The total overhead applied to Product E1 under…Over But not over Tax is: Of amount over: $0 $50,000 15% $0 $50,000 $75,000 $7,500 + 25% $50,000 $75,000 $100,000 $13,750 + 34% $75,000 $100,000 $335,000 $22,250 + 39% $100,000 $335,000 $10,000,000 $113,900 + 34% $335,000 $10,000,000 $15,000,000 $3,400,000 + 35% $10,000,000 $15,000,000 $18,333,333 $5,150,000 + 38% $15,000,000 $18,333,333 _______ 35% $0 Refer to the table above: A firm has $12,000,000 in taxable income. What is the firm’s average tax rate?
- 10. Al the end of the year, Cosby Universit's held assets of $15.000,000 and 59,000,000 of tiabilites (including deferred revenues of $300,000). What Is Cramer's net assets balance? $5,700,000 B. $6,000,000 C. $6,300,000 D. $15,000,000Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Stockton Company Adjusted Trial Balance December 31 Depreciation Expense Miscellaneous Expense Totals Account No. 11 12 13 18 19 21 22 31 32 2442 41 51 52 53 54 59 Debit Credit Balances Balances 6,530 2,100 700 13,700 790 2,500 1,960 775 250 185 29.490 1,100 1,900 4,300 12,940 9,250 29,490Candy Company purchased $3,000,000 of 8%, 5-year bonds from Sugar, Inc. on January 1, 2020, with interest payable on July 1 and January 1. The bonds sold for $3,124,740 at an effective interest rate of 7%. Using the effective-interest method, Candy Company decreased the Available-for-Sale Debt Securities account for the Sugar, Inc. bonds on July 1, 2020 and December 31, 2020 by the amortized premiums of $10,620 and $10,980, respectively. At April 1, 2021, Candy Company sold the Sugar bonds for $3,090,000. Assuming Candy Company has a portfolio of Available-for-Sale Debt Securities, what the amount should Candy Company should report as a gain or loss on the Sugar bonds?
