Mills Corporation acquired as a long-term investment $225 million of 8% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Mills paid $250.0 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $240.0 million.
Required:
1. Prepare the journal entry to record Mills'investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective market) rate.
2. At what amount will Mills report its investment in the December 31, 2021, balance sheet?
Answers
Answer:
Dr investment in bonds $225 million
Dr premium on bonds investment
Cr cash $250 million
Dr cash $9,000,000
Cr interest income 7,500,000
cr bonds premium 1,500,000
Dr cash $9,000,0000
Cr interest income $ 7,545,000.00
Cr bond premium $ 1,455,000.00
Mills would report the investment at $ 246,955,000.00
Explanation:
The journal entry to record Mill's investment is to simply debit investment accounts with cash paid for the investment and credit same amount to cash account.
The premium paid on the investment=cash paid-face value=$250 million-$225 million=$25 million
Find attache bond investment amortization schedule
Related Questions
which of the following is the most common form of the research title
Answers
Indicate accurately the subject and scope of the study.
Avoid using abbreviations.
Use words that create a positive impression and stimulate reader interest.
Use current nomenclature from the field of study. Although research paper assignments may vary widely, there are essentially two basic types of research papers. These are argumentative and analytical. es of research papers:
Analytical Research Paper. ...
Argumentative (Persuasive) Research Paper. ...
Definition Paper. ...
Compare and Contrast Paper. ...
Cause and Effect Paper. ...
Interpretative Paper. ...
Experimental Research Paper. ...
Survey Research Paper. The major parts of a research paper are abstract,Introduction,review of literature,research methods,findings and analysis,discussion,limitations,future scope and references.
Answer: Ideally, the title of your research paper should be more informative so that it attracts the attention of the readers. ... It is not advisable to have a question as the title of your paper as it is the first thing readers will see about your paper. Characteristics of a good research title
A good title should be interesting to the reader. To make the title interesting, attention-grabbing, and easy to read, use words that create a positive impression and stimulate the reader's interest. ...
It reflects the tone of writing. ...
It contains important keywords. The most common types of paper
Repro paper. Also called offset or printing paper. ...
Couché or coated paper. ...
Tissue paper. ...
Newsprint. ...
Cardboard. ...
Paperboard. ...
Fine art paper. Research paper may refer to: Academic paper (also called scholarly paper), which is in academic journals and contains original research results or reviews existing results or show a totally new invention. Position paper, an essay that represents the author's opinion. Term paper, written by high school or college ... The two main types of research are qualitative research and quantitative research. Qualitative research is descriptive in nature, because it generally deals with non-numerical and unquantifiable things.
Suppose you obtain a 30-year mortgage loan on which you have to pay 7.5% (fixed) interest rate. Further suppose that both you and your lender anticipate inflation will average 3.0% during the life of the loan. Now suppose the inflation rate during the term of the loan is actually 1.0% per annum. It follows that your real rate of interest is _ and, ceteris paribus, _ better off as a result of the difference between the anticipated and the actual rate of inflation.A. 3.0%, you areB. 8.5%, your lender isC. 4.0%, you areD. 6.5%, your lender is
Answers
The real rate of interest is calculated as the nominal interest rate minus the inflation rate. the correct answer is D
Nominal interest rate = 7.5%
Inflation rate = 1.0%
Real rate of interest = Nominal interest rate - Inflation rate
Real rate of interest = 7.5% - 1.0%
Real rate of interest = 6.5%
Therefore, The real rate of interest is 6.5%, and the lender is better off as a result of the difference between the anticipated and the actual rate of inflation. When inflation is lower than anticipated, lenders benefit because they receive loan payments with a higher purchasing power than they expected. In this case, the borrower (you) will pay back the loan with dollars that are worth more than the lender anticipated, effectively giving the lender a higher return on the loan. The borrower, on the other hand, is worse off because they are paying a higher real rate of interest than they expected.
To learn more about rate of interest here:
https://brainly.com/question/13324776
#SPJ4
o Assume the role as the Public Relations Director for Purple Cross of North Carolina. The CEO requests that you interview the Telehealth Director about the use of Telehealth with Mrs. Smith. The CEO requests that you create one thought-provoking question for each of the following topic areas: • Meeting the health needs of Mrs. Smith • Decision-making process for technology selected for Mrs. Smith • Benefits and risks in using Telehealth technology for Mrs. Smith • Cost and staff involved in using Telehealth technology for Mrs. Smith
Answers
The thought-provoking question for each of the following topic areas are:
Meeting the health needs of Mrs. Smith (How do ensure the healthiness of Mrs. Smith?)Decision-making process for technology selected for Mrs. Smith (What steps should out Decision-making process follow?).Benefits and risks in using Telehealth technology for Mrs. Smith (What risks and benefit are in the use of technology by Mrs. Smith?)Cost and staff involved in using Telehealth technology for Mrs. Smith (What are the cost for the technology?).Who is a Public Relations Director?
The PR director is the official that is responsible for managing the communications campaigns and strategy for their organisation or client
Some of the main role of the director is to create and maintain a favorable public image for their employer or client by communicating programs, accomplishments or points of view.
Read more about Public Relations Director
brainly.com/question/8344610
#SPJ1
In which scenario would you use a Bank deposit transaction?
Answers
The scenario where we would you use a Bank deposit transaction includes:
A. When your client wants to group customer payments into a single deposit transactionD. When your client wants to record an SBA loan amount receivedWhat is a transaction deposit?In U.S, a transaction deposit is used by the Federal Reserve for checkable deposits and other accounts that can be used directly as cash without withdrawal limits or restrictions
The Bank Deposit serves two functions which are if the payments are received into the Undeposited Funds account, you can group payments and deposit them as a single record into an account as well as the ability to record items that are not typically captured on invoices or bills, such as assets and loan.
Missing options "-When your client wants to group customer payments into a single deposit transaction When your client wants to make a deposit to a vendor When your client wants to record sales from her upcoming trade show and provide sales receipts -When your client wants to record an SBA loan amount received When your client wants to apply a customer payment to an open invoice"
Read more about transaction deposit
brainly.com/question/1385868
#SPJ1
nicholas omgnicholas omgnicholas omgnicholas omg
Answers
Which element of an advertising plan facilitates a high recall value for an advertisement?
A. advertising strategy
B. creative execution
C. creative media
D. creative idea
Answers
The element of an advertising plan which facilitates a high recall value for an advertisement is advertising strategy.
What are the elements of an advertising plan?
An advertising plan is a document created with the goal of matching the most effective message to your audience.
....
Budget.
How much advertising plan you can afford to do.What media options you can afford to persue.How broad a target audience you can attempt to reach.Advertising Strategy: A promoting technique can be characterized as a bit by bit intend to arrive at your clients and to persuade them to purchase your items. A very much arranged publicizing methodology conveys the advantages of your item as well as convince your clients to pick your item over the results of your rivals.
To know more about advertising strategy from the given link:
https://brainly.com/question/24967768
#SPJ9
Answer:cretive idea
Explanation:
Cost of Goods Sold Section, Multiple-Step Income Statement
Based on the information that follows, prepare the cost of goods sold section of a multiple-step income statement.
Merchandise Inventory, January 1, 20-- $37,000
Estimated Returns Inventory, January 1, 20-- 1,000
Purchases 102,000
Purchases Returns and Allowances 4,200
Purchases Discounts 2,040
Freight-In 800
Merchandise Inventory, December 31, 20-- 30,500
Estimated Returns Inventory, December 31, 20-- 1,500
Income Statement
For Year Ended December 31, 20--
Cost of goods sold:
$
$
$
$
$
$
$
Cost of goods sold $
Answers
Answer and Explanation:
The preparation of the cost of goods sold section of a multiple-step income statement is presented below:
Cost of goods section
Multiple-income statement
Opening inventory $37,000
Estimated return inventory $1,000
Purchase $102,000
Less purchase returns -$4,200
Less: Purchase discount -$2,040
Add: Freight in $800
Less: closing inventory -$30,500
Less: estimated return inventory -$1,500
Cost of goods sold $102,560
What is a tax free savings account that can only be used for educational expenses
Answers
A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
Learn more about the savings account here.
https://brainly.com/question/10777478
#SPJ1
In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.
Answers
The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.
Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:
The country does not trade with others.There are no exportations and importations.All the good citizens buy are produced within the borders of the country.These characteristics have been found to have mainly a negative effect because:
The country cannot obtain profits from trading with others.Manufacture and products are limited by those found inside the nation.Economic crises are difficult to overcome due to a lack of resources or support from other nations.Learn more in: https://brainly.com/question/23353220
Here is an Example of a Master Schedule for producing a gear box. Which schedule is more efficient? Here is an Example of a Master Schedule for producing a gear box. Which schedule is more efficient? Schedule A: Setup cost= 3 orders $90 + Inventory cost of $88 2 Schedule B: Setup cost = 2 orders $45 plus Inventory cost of $74 1 Question at position 3 3 1 point
Answers
From the schedule used, the one that is most cost efficient is B. The cost of production is lower at 164 compared to A which is 446
What is cost efficiencyThis is a term that has to do with how much a firm would want to produce a good or a service by reducing the costs that they used to the barest minimum.
In order to do this, the benefits accrued from the output is usually compared to the cost of production.
We have to solve for cost for both
Cost of setup A
= 3 x 90 + 88 x 2
= 446
For cost B
2 x 45 + 74 x 1
= 164
The cost B is the one that is most efficient
Read more on cost efficiency here:https://brainly.com/question/11888106
#SPJ1
an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own
Answers
An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.
Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.
What actions would a business owner that is actively seeking new possibilities take?Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.
Learn more about Entrepreneurship: https://brainly.com/question/31087040
#SPJ9
The complete question is:
An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own _______
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
For more such questions on interest rate
https://brainly.com/question/29451175
#SPJ8
NPV and maximum return A firm can purchase new equipment for a $ 17,000 initial investment. The equipment generates an annual after-tax cash inflow of $ 4,000 for 7 years. a. Determine the net present value (NPV) of the asset, assuming that the firm has a cost of capital of 13%. Is the project acceptable? b. Determine the maximum required rate of return that the firm can have and still accept the asset. a. The net present value (NPV) of the new equipment is $ 690.44. (Round to the nearest cent.) Part 2 Based on its NPV, is the new equipment acceptable? (Select the best answer below.) Yes Your answer is correct. No Part 3 b. The maximum required rate of return the firm can have and still accept the new equipment is enter your response here%. (Round to two decimal places.)
Answers
The net present value (NPV) of the new equipment is $ 690.44. .
Based on the NPV, the project is acceptable.
The maximum required rate of return the firm can have is 14.29%.
What is the NPV?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable
Net present value = -17,000 + 4000 / 1.13 + 4000 / 1.13² + 4000 / 1.13³ + 4000 / 1.13^4 + 4000 / 1.13^5 + 4000 / 1.13^6 + 4000 / 1.13^7 = $690.44
The maximum required rate of return is the internal rate of return. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
IRR = 14.29%
To learn more about net present value, please check: https://brainly.com/question/25748668
#SPJ1
The United Nations has never focused on the international rights of consumer
True or false
Answers
Answer:
true they have never focused on rights of consumers
Explanation:
hope this helps!
Anastasia is a principal who is responsible for telling one of her teachers that the school will be cutting her Spanish program in the fall. She has been friends with this teacher for years and knows that the teacher will be very upset. What is the most appropriate communication channel for Anastasia to choose to share this news with the teacher in this scenario?
Question 2 options:
She should send the teacher a formal, typed letter.
She should talk to the teacher face-to-face.
She should send the teacher a text message.
She should post the news on the school website.
Answers
Answer she should talk to her face to face
Explanation:
if she respects this woman that is the best way to keep it
Suppose the interest rate on your car loan is 19.00% and the inflation rate is 18.00%. Calculate the real interest rate
Answers
Answer:
1%
Explanation:
The real interest rate is the interest rate adjusted for inflation. It is the rate after accounting for inflation. The real interest rate is the difference between the inflation rate from the quoted(nominal )interest rate.
real interest rate = quoted interest rate - inflation rate
=19% - 18%
=1%
What is an observation quite different from the rest of the data called?
Answers
Answer:
2 words china
Explanation:
a person who is close to retirement and looking for a less risky investment should invest in
A commodities
B stocks
C mutual funds
D cryptocurrency
Answers
Answer:
C mutual funds
Explanation:
they do all the work for you while you sit back and relax.
Anthony and Michelle Constantino just got married and received $39000 in cash gifts for their wedding. How much will they have on their twenty-fifth anniversary if they place half of this money in a fixed-rate investment earning 6 percent compounded annually? Would the future value be larger or smaller if the compounding period was 6 months? How much more or less would they have earned with this shorter compounding period?
If they place half of this money, PV, in a fixed-rate investment earning 6 percent compounded annually, the amount they will have, FV, on their twenty-fifth anniversary is $____ . (Round to the nearest cent.)
Answers
Answer:
83,691.48
Explanation:
39000/2 = 19,500
19,500 x 1.06 (6%) 25 times
On top of being responsible for the
physical resources in a project, a
construction manager is also
responsible for which of the following?
A. Coordination
B. Sales
C. Marketing
Answers
Answer:
A. CoordinationExplanation:
What is the total number of questions available on the Brainly platform and where can I find them?
Answers
if I make $2,000 a day how much is that monthly?
Answers
Answer:
$60,000
Explanation:
If there is an average of 30 days in a month, then you would take $2,000 and multiply it by 30. So,
30 * 2,000 = 60,000
Thus, you would make around $60,000 monthly.
Hope this helps!! If you have questions please ask!
The following income statement is provided for Ramirez Company for the current year: Sales revenue (3,500 units × $21.00 per unit) $ 73,500 Cost of goods sold (variable; 3,500 units × $9.00 per unit) (31,500 ) Cost of goods sold (fixed) (5,000 ) Gross margin 37,000 Administrative salaries (7,000 ) Depreciation (5,000 ) Supplies (3,500 units × $3.00 per unit) (10,500 ) Net income $ 14,500 What amount was the company's contribution margin?
Answers
Answer:
Contribution margin = $31,500
Explanation:
Given:
Sales revenue (3,500 units × $21.00 per unit) = $73,500
Cost of goods sold (variable: 3,500 units × $9.00 per unit) = $31,500
Supplies (3,500 units × $3.00 per unit) = $10,500
Find:
Contribution margin
Computation:
Contribution margin = Sales Revenue - Variable cost - Supplies
Contribution margin = $73,500 - $31,500 - $10,500
Contribution margin = $31,500
Mauro Products distributes a single product, a woven basket whose selling price is $13 per unit and whose variable expense is $11 per unit. The company’s monthly fixed expense is $4,600. Required: 1. Calculate the company’s break-even point in unit sales. 2. Calculate the company’s break-even point in dollar sales. (Do not round intermediate calculations.) 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.)
Answers
Answer:
Break-even point in unit sales = 2,300 units
Break-even point in dollar sales = $29,908.97 (Approx)
New break-even point in unit sales = 2,600 units
New break-even point in dollar sales = $33,810.14 (Approx)
Explanation:
Given:
Selling price = $13 per unit
Variable expense = $11 per unit
Fixed expense = $4,600
Computation:
Break-even point in unit sales = Fixed expense / [Selling price - Variable expense]
Break-even point in unit sales = 4,600 [13-11]
Break-even point in unit sales = 2,300 units
Contribution margin = [(13-11)] / 13 = 15.38%
Break-even point in dollar sales = Fixed expense / Contribution margin
Break-even point in dollar sales = $4,600 / 15.38%
Break-even point in dollar sales = $29,908.97 (Approx)
New break-even point in unit sales = [4,600+600][13-11]
New break-even point in unit sales = 2,600 units
New break-even point in dollar sales = Fixed expense / Contribution margin
New break-even point in dollar sales = $5,200 / 15.38%
New break-even point in dollar sales = $33,810.14 (Approx)
Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
Answers
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
learn more about capital: https://brainly.com/question/13372465
#SPJ1
Other things being equal, the demand for natural gas will tend to be elastic in the short run than in the long run.
Answers
Other things being equal, the demand for natural gas will tend to be less elastic in the short run than in the long run.
What is elasticity of demand?This is the term that is used to refer to the sensitivity of demand to the prices of other goods and services.
The elasticity of demand has to do with the sensitive demand of the product to the changes in other economic factors.
Read more on elasticity of demand here:
https://brainly.com/question/5078326
#SPJ1
how might the use of a stakeholder management tool like the power interest grid or the stakeholder assessment matrix differ by methodology chosen?
Answers
Depending on the chosen technique, the process for using a stakeholder management tool, such as the Power Interest Grid or Stakeholder Assessment Matrix, can vary.
According to their power (influence) and interest (degree of involvement) in a project or organization, stakeholders are evaluated using the Power Interest Grid.
On a matrix with four quadrants, stakeholders are represented as high power, high interest, high power, low interest, low power, low interest, and low power, low interest.
A project's or organization's stakeholders are rated according to their level of influence and impact by the Stakeholder Assessment Matrix.
It is crucial to select a methodology that fits the particular requirements of the project or organization, taking into account the level of analysis that will be needed, the data that is at hand, and the intended results.
Learn more about stakeholder management, here:
https://brainly.com/question/4404879
#SPJ1
Carr Corporation has provided the following information for its most recent month of operation: sales $8,000; beginning inventory $1,000; ending inventory $2,000 and gross profit $5,000. How much were Carr's inventory purchases during the period?a. $9,000.00 b. $5,000.00 c. $6,000.00 d. $4,000.00
Answers
Answer:
d. $4,000.00
Explanation:
This question presents an incomplete record scenario. With the Purchases amount missing.
Find the Purchases amount by preparing a Trading Account and determine the missing Purchases Amount.
Carr's inventory purchases during the period was $2,000
Trading Account
Sales $8,000
Less Cost of Sales
beginning inventory $1,000
Add Purchases $4,000
Less Ending inventory ($2,000) ($3,000)
Gross profit $5,000
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
Read more about selling price
brainly.com/question/28420607
#SPJ1
Taisha operates equipment to transfer oil from one container to another. Her job title is best described as
Spencer manages the flow of electricity through substations and distribution lines. His job title is best described as
Mariko maintains cables and supporting structures for transmitting electricity. Her job title is best described as
Fred operates equipment to transfer hydrogen through pipelines. His job title is best described as
Answers
Answer:
she would be the pump opperater
Explanation:
Answer:pump operator
Power dispatcher
Electrical power-line repairer
Gas pumping station operator
Explanation: