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- Cost of Trade Credit Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. 1/15, net 25. % 2/10, net 60. % 3/10, net 50. % 2/10, net 50. % 2/15, net 40. %Subject;Find the APR, or stated rate, in each of the following cases. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year. Number of Times Compounded Semiannually Stated Rate (APR) % % Monthly % Weekly % Daily Effective Rate (EAR) 13.75 % 9.75 % 11.25 % 9.25 %
- Calculate the arithmetic average of the following retums. Year Retum 1 0.27 2 0.21 30.02 4 0.09 5 0.18 Enter the answer with 4 decimals, eg. 0.1234..Find the Net Income ?eBook Inventory $5,000 $4,900 65,000 29,000 230,000 froze Income Statement Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 54,100 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Pietro expects to purchase $120,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials nirxas. F en pizzes Work-in-Process Inventory $14,000 $16,000 Beginning Ending Next year, Pietro expects to produce 54,100 units and sell 53,400 units at a price of $18.00 each. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000. Total selling expense is projected at $27,000, and total administrative expense is projected at $108,000. Required: erat. Contin no Ing. 1. Prepare an income statement in good form. Round the percent to four decimal places before…
- One item is omitted from each of the following computations of the return on investment: Rate of Return on Investment = Profit Margin x Investment Turnover 17 % = 10 % x (a) (b) = 28 % x 0.75 18 % = (c) x 1.5 10 % = 20 % x (d) (e) = 15 % x 1.2 Determine the missing items identified by the letters as shown above. If required, round your answers to two decimal places. (a) fill in the blank (b) fill in the blank % (c) fill in the blank % (d) fill in the blank (e) fill in the blank %Unit Information with BWIP, FIFO Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 60% complete* Units completed and transferred out Units in process, July 31, 80% complete* * With respect to conversion costs. 11,000 88,000 15,100The Lancaster Corporation's income statement is given below. Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 223,000 155,000 $ 68,000 33,100 $ 34,900 13,400 $ 21,500 7,525 $ 13,975
- Given the following, determine the gross of return after interest: Days inventory outstanding (DIO) = 60 Days sales outstanding (DSO) = 45 Days payable outstanding (DPO) = 30 Average markup =19 80% of sales is on credit. All capital is borrowed at 40.4% Assume 365 days of operations. Round your answers to TWO places of decimal.If the invoice terms are changed to 3/15 EOM, what is the new discount dateFind the APR, or stated rate, in each of the following cases. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year. Number of Times Compounded Semiannually Stated Rate (APR) % % Monthly % Weekly % Daily Effective Rate (EAR) 14.75 % 10.75 % 10.25 % 8.25 %
