Answer:
2.49
Explanation:
The division’s turnover is computed using the formula of turnover ratio. Divide the total sales portion of the division with the average operating assets that gives the division’s turnover.
Division Turnover= Sales / Average Operating Cost
DT= $10,333,500 / $4,150,000
DT= 2.49
The division's turnover is closest to 2.49
Answer:
The cost of units transferred out during the month was:$ 99980
Explanation:
Mundes Corporation
Current Costs Added
Units Transferred Costs $ 90480
Materials =8700 * $ 4.7= $ 40890
Conversion= 8700* $5.70= $ 49590
Costs from Preceding Department (WIP beginning Inventory)= $ 9500
Total Costs= Costs Added + Costs from Preceding Department
= $ 90480+ $ 9500= $ 99980
The Costs of units transferred out is $ 99980
The current costs are added to the preceding costs to get the total costs of the units transferred out.
Answer:
quantity demanded equals quantity supplied
Explanation:
The market equilibrium is the price at which the quantity demanded and the quantity supplied cross each other. The intersection could be made by supply and demand curves.
Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.
When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium
Answer: B) A loss of $200,000 on its income statement in the year the bonds are called.
Explanation:
The bonds were issued at Par. This means they were issued at 100 of par.
The bonds are now trading at 104 of par.
If Sand Inc calls the bonds then they will make a profit (loss) of,
= 5,000,000 * 104/100
= $5,200,000
Therefore their Profit (loss) will be the bond at par minus the Calling price
= 5,000,000 - 5,200,000
= -$200,000
That means they make a loss of $200,000 in the year the bonds are called.
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Answer:
Del is expected to prepaid to pay $535.62 in prepaid interest at the closing.
Explanation:
The down payment of 15% is $250000*15%=$37500
The balance of mortgage net of down payment=$250000-$37500
=$212500
Interest yearly=$212500*5.75%=$12,218.75
A year interest divided by 365days give one day interest.
A day interest=$12218.75/365=$33.48
Total interest to pay at closing=16days*$33.48
=$535.62
The number of days was 16 because July has 31days and deal was closed on 15th,hence 31 minus 15 gives 16.
