Answer:
$8,800
Explanation:
Calculation for What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31
First step is to calculate insurance amount per year
Insurance=$26,400/2 years
Insurance= 13,200
Second step is to calculate the insurance value per months
Insurance value=13,200/12 months
Insurance value=1,100
Now let calculate insurance expense
Insurance expense =$1,100 x 8 months
Insurance expense = $8,800
Note that May 1 to December 31 will give us 8 months
Therefore the amount of insurance expense that would appear on the company's income statement for the first year ended December 31 will be $8,800
Answer:
The amount of manufacturing overhead cost that would have been applied to all jobs during the period is $279,720
Explanation:
The computation of the amount of manufacturing overhead is shown below:
= Predetermined overhead rate per direct labor-hour × total direct labor-hours
= $22.20 × 12,600 direct labors
= $279,720
Since the predetermined overhead rate is already given in the question, so there is no need to recalculate it and the other items which are mentioned are not relevant for the computation part. Hence, ignored it
The media mix is the combination of media used and the frequency of advertising in each medium.
Answer:
1. $636
2. $674.16
3. $566.04
4. $534
Explanation:
PV = FV ÷ (1 + r/n)^(t × n)........(1)
PV = present value
FV = Future value
r = rate per period
t = number of years
n = number of compounded period per year
FV = P(1 + r/n)^(t×n)...............(2)
FV = Future value
P = principal
r = rate per period
n = number compounded period per year
t = number of year
NO 1.
P= $600
t = 1
n = 1
r = 6% = 0.06
Using equation 2
FV = 600(1 + 0.06/1)^(1 × 1) = $636
NO 2
P = $600
n = 1
t = 2
r = 0.06
Using equation 2
FV = 600(1 + 0.06/1)^(2 × 1) = $674.16
NO 3.
FV = $600
r = 0.06
t = 1
n = 1
Using equation 1
PV = 600 ÷ (1 + 0.06/1)^(1 × 1) = $566.04
NO 4.
FV = $600
r = 0.06
n = 1
t = 2
Using equation 1
PV = 600 ÷ (1 + 0.06/1)^(2 × 1) = $534
Answer: True
Explanation: There is always that opportunity to perfect existing industry standards and several analysis would have already be done which saves you a great deal of financial stress and a possible loss.
