A lawnmower manufacturer has the following loss distribution andits annual products liability costs. Assume all loading and otherexpenses are all equal to zero. What is the premium for a policythat has a no deductibles but has $700,000 policy limit?P(L) L0.9840.010 $50,0000.004 $250,0000.002 $750,000$3,100.00O $2,400.00O $1,900.00O $2,900.00O $1,300.00$0

A policy limit is the amount of money an insurance provider will disburse for a single claim or for…

Answered: A lawnmower manufacturer has the…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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QUESTION 1 If the mark-up on cost is 20%, please and the selling price(Excl. VAT) is R600, which of the following amounts is the correct Cost Price(Excl. VAT)? O A. R100 OB. R580 O C. R575 O D. R500 QUESTION 2 Which one of the following statements with respect to VAT is false? O A. There is no indication of a VAT charge next to zero-rated item listed on an invoice. O B. In general, no input VAT claim is allowed by SARS on the purchase of a double-cab delivery vehicle. O C. The buyer of zero rated supplies will not get any refund from SARS for buying usch an item. O D. If a vendor sells only VAT exempt supplies, it may not register for VAT.
Question 3: Sohar Company's financial information is given in the table below. Year 2019 2020 Sales (OMR) Fixed Costs | 405000 | 450000 | 90000 120000 Variable Costs | 225000 240000 Calculate: ---uyuie d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 200000. - VIVI.
Assume that RR purchases $200,000 (net of discounts) of materials on terms of 1/10, net 30, butthat it can get away with paying on the 40th dayif it chooses not to take discounts. How much freetrade credit can the company get from its equipment supplier, how much costly trade credit can itget, and what is the nominal annual interest rateof the costly credit? Should RR take discounts?
The sales and profit for two years are as below: Sales Profit 2019 50000 15000 2020 90000 35000 Calculate Margin of safety at a profit of OMR 22000: Select one: Oa. OMR 62000 O b. OMR 44000 O c. OMR 72000 Od. OMR 64000
Crazy Cliff’s Computers (CCC) purchases computer parts from its suppliers 2/5, net 30. What is the effective annual cost of not taking the trade discount? Select one: a. 2.00% b. 2.04% c. 27.43% d. 34.31% e. None of the above.
Assume that sales are predicted to be $26250 the expeccted contribution margin is $1o,500, and a net loss of S1.750 is anticipated. The break-even point in sales (S) i Select one: Oa. 21,875 Ob.28,00D Oc30,625 d.14583 Oe 20417
H. K 35 36 TABLE A TABLE B Annual Fixed Costs (TL) Marketing, Selling and Distribution Expenses Low Option High Option 725,000.00 37 Annually Estimated Annually Estimated Sales Administration Expenses 1,250,000.00 38 Sales 30,000.00 1,285.00 15,000.00 1,443.00 39 Price (TL) $4 Price (TL) 2$ R&D 379,000.00 40 Direct Fixed Costs 4,750,000.00 41 Materials Number Required Unit Costs (TL) Materials Number Required rqaaS 42 Stove 1 172.25 Stove 1 202.25 43 Oven 1 242.15 Oven 1 252.15 TAX RATE 44 Display Screen 45 Driver 1 19.25 Display Screen 2 36.24 2 18.10 Driver 2 18.10 20% 46 Electronic Card 1 11.97 Electronic Card Bluetooth 1 11.97 47 Bluetooth 1 11.16 1 11.16 48 Fan 2 7.99 Fan 8 7.99 49 Light Bulb 1 Light Bulb Smart Connectivity 4.99 5.99 50 39.99 51 Direct Labor Costs 85.32 52 Packaging Cost Per 49.27 Direct Labor Costs 10% Increase from LowOption's Direct Labor Cost Increase from LowOption's Packaging Cost 53 Packaging Cost Per Unit 4% 54 Instructions Answers
b. Sarah purchases a set of furniture for RM3956.52 and sells it at X ringgit. If the operating expenses are 15% of the cost and the net profit is 35% on the retail price compute the: i. value of X ii. breakeven price iii. maximum markdown percent that could be offered without incurring any loss. iv. net profit or loss of Sarah sells at RM 4220.
Question 3: Sohar Company's financial information is given in the table below. Sales (OMR) Fixed Costs Year 2019 | 2020 Variable Costs 225000 240000 405000 90000 450000 120000 Calculate: a) P/V ratio, b) B.E.P. c) Sales required to earn a profit of OMR 40000. d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 200000.
If a 20% discount is applied to a product sold with a 34 - 20% profit, what will be the profit and loss situation?A) 9% damageB) 4% profitC) 4% damageD) 5% profitE) 10% damage
Question 4: Dhofar Company manufactures twoproducts M1 and Z1. Its sales department has three divisions: Salalah, Raysut and Mirbat. T Initial estimates for the sales budgets for the year ending 31. December 2021 which are based on theassessments of the divisional executives are as follows; Product M1: Salalah 45,000 units: Raysut 110,000 units and- Mirbat: 25,000 units| Product Z1: Salalah 70,000 units: Raysut 82,000 units and- Mirbat:0| Sales Prices: M1: 3 OMR and Z1= 4 OMR in all areas. Arrangements are made for the extensive advertising of product M1 and Z1 and it is estimated that Salalah division: sales will increase by 30,000 units. Arrangements are also made to advertise and distribute product z1 in the Mirbat area· in the second half of 2021 when salesare expected to be 100,000 units.¶ Since the estimated sales of the Raysut division represented· an unsatisfactory target, it is agreed to increase both the estimates by 15-%. Prepare a sales budget for the year to 31 December…
What will be the Gross Profit at the end of the year a. 49000 b. All the options wrong c. 31000 d. 48000 e. 60700

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