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2 years ago

Lopez Corporation incurred the following costs while manufacturing its product:

Business

1 answer:

mr Goodwill [35]2 years ago

6 0

Answer:

Cost of goods manufactured is $365,300

Explanation:

Particulars Amount $

Materials used in product 130,000

Labor costs of assembly-line workers 120,900

250,900

Factory overheads

Depreciation on plant 64,500

Property taxes on plant 20,000

Factory supplies used 32,600

Add Work In Progress 14,000

Less: Work In Progress -16,700 114,400

Cost of goods manufactured $365,300

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Imagine you inherited $50,000, and you want to invest it to meet two financial goals: (a) to save for your wedding you plan to h

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Answer:

Solution and Explanation:

Evaluation for investment decisions

Investing for Wedding
Investing for Retirement

CD – 24 months .

Energy sector mutual fund

General electric bond – 18 months
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General electric bond – 2.5 years

Saving account
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General electric bond – 18 months=Bonds are generally Long term or short term depends upon the maturity period for this bond has only 18 months maturity period

Money market shares = This instrument is readily converted into cash at any point in time

Saving account = No obligation of any maturity period saving account is personal account

Short term junk Bonds = Short term junk bonds are for a short period of time

Energy sector mutual fund = This sector mutual fund has long term maturity period and thereafter returns in the long term

Johnson & Johnson stock = It is considered as a dividend growth stock and investor invest for high growth on the market value of the share price

General electric bond – 2.5 years = This instrument has a long term maturity period

Dow ETF ETF is retained for capital gains in the near future period but their gestation period is high

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6 0

2 years ago

On April 1, Fisher Corporation borrowed $400,000 from its bank by signing a 9%, 5-year note payable. The note calls for 60 month

Andre45 [30]

Answer:

a) 3,000

b) 396,850

c) 2,976.38

d) 393,873.62‬

Explanation:

a) principal x rate x time = interest

400,000 x 0.09 x 1/12 = 3,000

b) 6,150 - 3,000 = 3,150 principal payment

400,000 - 3,150 = 396,850

c) principal (carrying value) x rate x time = interest

396,850 x 0.09 x 1/12 = 2,976.38

d) 396,850 - 2,976.38 = 393,873.62‬

3 0

3 years ago

Suppose Compco Systems pays no dividends but spent $ 5.18 billion on share repurchases last year. If Compco's equity cost of ca

shusha [124]

Answer:

Market capitalization - $155.26

Stock price - $26.77

Explanation:

The computation of the market capitalization is shown below:

= last year dividend × (1 + growth rate) ÷ (cost of capital - growth rate)

= $5.18 billion × ( 1 + 7.9%) ÷ (11.5% - 7.9%)

= $5.58,922 billion ÷ 3.6%

= $155.26

And, the stock price would be

= Market capitalization ÷ outstanding shares

= $155.26 ÷ 5.8 billion

= $26.77

3 0

2 years ago