Ey Freezer accepts a ote is for 180 days a 30 at 9%. Find the pr
Q: Stevie's Scooters plans to sell a standard scooter for $850 and a chrome scooter for $1350. Stevie's…
A: At Breakeven, There is no profit no loss i.e. Total revenue = Total costAt Breakeven point,…
Q: Oster Company Ltd. manufactures dusk to dawn lamps. The following are the details of their operation…
A: Economic order quantity (EOQ) is a calculation used by firms to calculate their best order size,…
Q: How much would be the number of orders to be placed in a year? *
A:
Q: by Given that: Spot rate 1 month forward 3 month forward £1/$1.6365-1.6385 0.005-0.0047 0.0003 -…
A: We will take the spot rate as provided in the question and we will then solve for the one forward…
Q: oters plans to sell a standard scooter for $90 and a chrome scooter for $120. Sammy's purchases the…
A: Sales mix is the fixed ratio of sales when an entity sells two or more products.
Q: ABC sells on credit terms of 2/10, n/30. Daily sales average 200 units at P2,500 each throughout the…
A: Accounts receivable represents the amount that is earned but the payment for the same has not been…
Q: please help
A: Economic order quantity (EOQ) is the order quantity used in inventory management that reduces the…
Q: On January 1, Revis Consulting entered into a contract to complete a cost reduction program for…
A:
Q: The TOPSHOP company has a monthly demand for an item of 1,000 units/month. This company operates…
A: Answer 3A For the given quantity discount =12% is applies Actual unit price =$10Discount…
Q: A bill for duct insulation and furnace filters is $237.15 with the notation 2%10/Net 30. How much is…
A: Discount: It can be defined as a rebate or deduction in the gross amount that is to be paid by the…
Q: Use 360 days in a year. Solutions must be complete (including formulas). Present rates in percent…
A: Discount is a selling goods or service below the price of goods. This reduction in price is offered…
Q: The Xenopeltis Company estimates its requirement, which is 39,000 units semiannually at a price of…
A: EOQ = Square root of [(2*Annual demand*Ordering cost)/(Price per unit * Carrying cost%)] EOQ =…
Q: If you have determined that you are going to sell 15 500 units at R35/unit for next month. Determine…
A: Budgets are the estimates made for future period of time. Cash budget and labour cost budget are two…
Q: A fixture that cost 800 will save P0.07 per item produce. Maintenance will be at 50 annually. 3600…
A: Answer) Calculation of Payback period Year Annual Net cash flow Present Value Factor @…
Q: ed to take 6 months. Prepare the journal entry to record the sales. How much sales revenue should be…
A: journal entry to record the sales Date General Ledger Debit Credit (a) Accounts receivable…
Q: Markson and Sons leases a copy machine with terms that include a fixed fee each month plus a charge…
A: SOLUTION- HIGH -LOW METHOD- IT IS A WAY OF ATTEMPTING TO SEPARATE OUT FIXED COST AND VARIABLE COST…
Q: The monthly electricity bill for Company XYZ comprises of two components: a flat subscription fee of…
A: Electricity bill comprises of fixed cost i.e flat subscription fee and variable cost i.e. constant…
Q: You place an order for 1,900 units of Good X at a unit price of $56. The supplier offers terms of…
A: 2/20, net 40 means if the amount due is paid within 20 days, the customer will get 2% discount,…
Q: Fruit Sushi Corporation sells delicious fruit sushi at a wholesale price of $4.00 per unit. The…
A: Answer) The total fixed cost, i.e., $ 7,500 is already charged from existing number of units sold.…
Q: Fruit Sushi Corporation sells delicious fruit sushi at a wholesale price of $4.50 per unit. The…
A:
Q: The Valdez Mug Company manufactures plastic mugs that sell to wholesalers for P4.00 each. Variable…
A: Contribution margin per unit = Sales price - Total variable cost per unit = P4 - P2.2 = P1.80 per…
Q: Pauline Corporation issues P800,000 of commercial paper every 3 months at a 16 percent rate. Each…
A: Interest for 3 months = commercial paper x rate of interest x no. of months/12 = P800000 x 16% x…
Q: Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of…
A: Cost of product = $75.00 per case Total cost = $75 x 1000 = $75,000 Trade discount = $5 x 1000 =…
Q: Khaleej prder, and it takes 10 workdays to receive it. The annual holding cost is 15 % of purchase…
A: Reorder point is a point which determine when to place an order so firm will not run out of stock.…
Q: Outlook Gateways has a demand of 75 Lakhs per year. Setup cost and holding cost are 29 and 35 per…
A: Annual demand = 75 lakhs per year Setup cost = $29 per unit Holding cost = $35 per unit Number of…
Q: Blue Corp. shows monthly fixed costs of Php1,797 and per-unit cost of Php9.28. It sells 411 units in…
A: The break even sales units are the sales where business earns no profit no loss.
Q: ABC sells on credit terms of 2/10, n/30. Daily sales average 200 units at P2,500 each throughout the…
A: Account Receivable: Accounts Receivable refers to those amounts that are due from the company's…
Q: Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable…
A: Contribution Margin = ( Unit Sales Price - Unit Variable Cost ) x Number of units Net profit=…
Q: 32. Determine the monthly breakeven sales in dollars before adding nachos. 33. Determine the monthly…
A: Aydesurv Company currently sells hot dogs. During a typical month, the stand reports a profit of…
Q: An auto parts supplier sells batteries to car dealers and auto mechanics. The annual demand is…
A: Given:
Q: GB Inc. sells 12,000 gallons of ice cream each month from its central storage facility. Monthly…
A: The question is related to total cost of inventory per month. Before we proceeds we have to…
Q: Ace Corp. has sales for the second quarter of $2M, $3M, and $5m per month. All sales are on credit…
A: Cash budget is the budget prepared to estimate the cash flows in and out of the organisation during…
Q: nal Storage employs 88 workers with a s monthly payroll of $133,000. Fringe efits are 8.6% of…
A: As you posted multiple questions we are answering only one question. Kindly repost the unanswered…
Q: Great Calls has a special plan offer this month. There is a $6.00 per month charge each month and…
A: Cost refers to the actual amount for something whether this could be a cost of purchase by the…
Q: how many weeks are there between each optimal order quantity?
A: Economic Order Quantity (EOQ) is the inventory level at which the company is able to minimize the…
Q: CA Inc. assumes new customers will default 15 percent of the time but if they don't default, they…
A: NPV = (P-V)*(1-PROB OF DEFAULT)/(R) - V The variable cost = V Credit price = P…
Q: Industrial Products Corporation makes two products, Pr inits next year and Product L is expected to…
A: 1. Computation of Budgeted Total direct Labor Hours: Particulars Product H Product L Budgeted…
Q: You place an order for 1,700 units of Good X at a unit price of $54. The supplier offers terms of…
A: Part (a) – 1: Calculation of number of days account is overdue: Answer: Number of days is 35 days…
Q: Pioneer Limited purchases a product which has a steady monthly demand of 20 000 units. The product…
A: Economic Order Quantity = [(2 X Annual Demand X Ordering cost per order/ Carrying cost per unit per…
Q: A contractor estimates maintenance costs for a new backhoe to be $500 for the first month with a…
A: We need to aanalyze both the alternatives separately (1) maintainace cost We need to calculate the…
Q: A farmer wants to sell future harvest of wheat at the current rate of Rs.18, but he fears that the…
A: Futures Contract Strike Price = 18 Quantity = 1000 kgs
Q: Lulu hypermarket estimates daily demand of 18 kgs for a product . It costs RO 100 to make and…
A: Following is the answer to the given question
Q: Ricky Orange’s annual demand is 12,500 units. Ordering cost is $100 per order. Holding cost is…
A: Per unit carrying cost=20%×$50=$10
Q: The Xenopeltis Company estimates its requirement, which is 39,000 units semiannually at a price of…
A: Annual Requirement of units = Semi annual requirement x 2 Given that: Semi annual requirement =…
Q: Lawnclippers, Inc. is offering a fall promotion to new customers signing a contract within the next…
A: Total price if sold separately = standalone price of + fall aeration + lawn seeding + tree…
Q: You place an order for 1,000 units of Good X at a unit price of $47. The supplier offers terms of…
A: Excel Spreadsheet:
Q: A supplier sells MF Tires to dealers. The annual demand is approximately 1,000 tires. The supplier…
A: Economic order quantity means the quantity to be order so that total inventory cost will be…
Q: LYD Corp. receives an order from a new customer, amounting $55,000. LYD Corp. uses 45-day credit…
A: In order to make decision on feasibility of a customer order, we are required to calculate the net…
Step by step
Solved in 2 steps with 2 images
- Find the bank discount and proceeds for these notes. Assume that the notes were discounted on June 10 at a 15% discount rate. Use the 360-day method. Face Value $5,200 Time 90 days Date May 10th Rate 15%. I don't know to get the bank discount? Please help.Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Roni Lockard signed a $27,500 simple discount promissory note at a certain bank. The discount rate was 16%, and the note was made on February 15 (not in a leap-year) for 119 days. (a) What proceeds (in $) will Roni receive on the note? $ 23100Toppen 1. Marina signed a simple discount note on September 1. The discount rate on the note is 4.7% and has a maturity date of December 31, if the proceeds of the note are $12,000, find the face value. (Use the banker's method which uses 360 days in a year) O$12,581.00 $12,192.61 $11,987.91 O$12,975.08
- Calculate the bank discount and proceeds (in $) for the simple discount note. Use the ordinary interest method, 360 days, when applicable. (Round your answers to the nearest cent.) Face Value Discount Rate (%) Term Bank Discount Proceeds $55,000 9.35 11 months 2$Calculate the bank discount and proceeds for the following simple discount note. Use the ordinary interest method, 360 days, when applicable. Round your answers to the nearest cent. Face Value Discount Rate (%) Term Bank Discount Proceeds $32,000 10.05 6 months $ $Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Discount Date of Term Maturity Bank Discount Proceeds Value Rate (%) Note (days) Date (in $) (in $) $700 12.5 Sept. 6 107 December 23 $ 27 $ 774 Need Help? Read It
- Find the discount and proceeds on a $3,250 face-value note for nine months if the discount rate is 9.2%. (Use the banker's rule.) Question content area bottom The discount is ???(Round to the nearest cent as needed.) Part 2 The proceeds are ???(Round to the nearest cent as needed.)A 60-day, 5% note for $7,200, dated April 15 is received from a customer on account. The face value of the note is the one listed below. Select the correct answer. $7,560 $7,200 $360 $7,260Mobile Co. issued a $43,384, 60-day, discounted note to Guarantee Bank. The discount rate is 11%. At maturity, assuming a 360-day year, the borrower will pay: Select the correct answer. A. $43,384 B. $44,179 C. $38,612 D. $42,589
- On June 1, Mickey Mouse Corporation accepted a customer's P10,000, 9 percent, 3-month note. On July 1, the note was discounted at a bank at a rate of 12 percent. How much cash did Mickey Mouse receive from the bank on the discounted note? choices 10,020 9,800 9,942 10,250Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Discount Value Rate (%) Date of Note Term (days) Maturity Date Bank Discount (in $) Proceeds (in $) $16,700 10 June 8 70 --Select-- O $ $ Need Help? Read ItMobile Co. issued a $47,563, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, assuming a 360-day year, the borrower will pay: Select the correct answer. $47,563 $47,087 $44,709 $48,039