Answer:
$90,000
Explanation:
Data given in the question
Selling price = $1,800
Estimated percentage = 2%
Average cost = $150
Number of printers sold = 30,000
Under the warranty, the printer under service = 400
So by considering the above information, the warranty expense is
= Number of printers sold × estimated percentage × average cost per printer
= 30,000 × 2% × $150
= $90,000
Answer:
The present value of your windfall if the appropriate discount rate is 10 percent is $5,562
Explanation:
Amount of Prize = $3,000,000
number of year = 66 years
Discount Rate = 10%
use following formula to calculate the Present value of Lottery prize
Present Value = Future value / ( 1 + discount rate )^number of years
PV = FV / ( 1 + r )^n
PV = $3,000,000 / ( 1 + 0.10 )^66
PV = $3,000,000 x ( 1 + 0.10 )^-66
PV = $3,000,000 x ( 1.10 )^-66
PV = $5,561.65
PV = $5,562
I think the most appropriate answer would be "greater"
I hope it helped you!
Answer:
Surnum's exchange rate is pegged.
Explanation:
Exchange rate is the rate at which a countrie's currency is exchanged for another. Usually when there is more demand for a countrie's currency it will have more value than other currencies and vice versa.
There are two ways a countrie's currency rate can be controlled in relation to others.
First is by market forces of demand and supply.
Secondly is by pegging the countrie's currency against another and using reserves of the other currency to account for market fluctuations.
In this instance Surnum has pegged it's currency against the dollar, so it will use its dollar reserves to account for fluctuations in order to maintain the pegged exchange rate.
Answer:
$3.72
Explanation:
earnings per common share = earning attributable to holder of common stock ÷ weighted average number of common stocks outstanding
therefore,
earnings per common share = $3.72
