Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Lemond Bike Repair Shop has budgeted the following time and material for 2020:
Time Charges
Material Charges
Shop employees' wages and benefits
$36,000
-
Parts manager's salary and benefits
$20,000
Office employee's salary and benefits
15,000
10,000
Overhead (supplies, amortization, advertising, utilities)
19,000
Total budgeted costs
$70,000
$45,000
Lemond budgets 2,500 hours of repair time in 2020. It will bill a profit of $5 per labour hour along with a 15% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $75,000.
On January 5, 2020, Lemond is asked to submit a price estimate to fix an Alpine mountain bike. Lemond estimates that this repair will consume four hours of labour and $200 in parts and materials.
Instructions -
a. Calculate the labour rate for Lemond Bike Repair Shop for 2020.
b. Calculate the material loading charge percentage for Lemond Bike Repair Shop for 2020. (Round to three decimal places.)
c. Prepare a time-and-material price quotation for the repair of the Alpine mountain bike.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd