BreBreDoeCCx
05.05.2020 •
Business
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.40 Direct labor $ 3.20 Variable manufacturing overhead $ 1.20 Fixed manufacturing overhead $ 14,400 Sales commissions $ 0.40 Variable administrative expense $ 0.45 Fixed selling and administrative expense $ 3,300 If the selling price is $20.20 per unit, the contribution margin per unit sold is closest to:
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Ответ:
$105,785
Explanation:
Calculation to determine what will be the new note receivable balance for Mutual Bank
Using this formula
New note receivable balance=Island payment to mutual*Present value interest factor
Let plug in the formula
New note receivable balance=128,000*.82645
New note receivable balance=$105,785
Therefore what will be the new note receivable balance for Mutual Bank is $105,785