Answer:
$1,594,000
Explanation:
Calculation to determine what The interest capitalized for 2020 was
2020 interest capitalized= $3,200,000* 12%*11/12 + $13,800,000 * 9%
2020 interest capitalized=$352,000+$1,242,000
2020 interest capitalized=$1,594,000
Therefore The interest capitalized for 2020 was $1,594,000
Answer:
A.) - 2.6
B.) 0.4
Explanation:
Ticket price = $3
Winning price = $200
Probability of winning(Pwin) = (1/500)
Probability of not winning (Ploss) = [ 1 - (1/500)] = 499/500
Net income if Raul wins (Nwin) = $200 - $3 = $197(no refund)
Net loss if Raul does not win(Nloss) = - $3
A.) Expected value is calculated by;
(Pwin × Nwin) + (Ploss × Nloss)
((1/500) × 197) + ((499/500) × - 3)
0.394 - 2.994 = - 2.6
B.) Fair Value is calculated by;
Cost of ticket + Expected value
3 - 2.6 = 0.4
<u>Answer:
</u>
The following are the values with their correct matches
Pays medical bills - Liability coverage.
Pays damages to your car - Collision coverage.
Pays damages to the other car - Pays 0% damages to the other car.
<u>Explanation:
</u>
- Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
- The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
- One would choose to not spend on the repairing of the other car when one car is in good condition.
Answer:
$196,730
Explanation:
The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:
The company will need to pay $196,730.
Answer:
$21,200
Explanation:
The computation of manufacturing overhead is shown below:-
Total manufacturing overhead = Indirect Labor + Indirect Materials + Factory Repair and Maintenance + Manufacturing Equipment Depreciation
= $11,100 + $8,300 + $800 + $1,000
= $21,200
Therefore for computing the total manufacturing overhead we simply added all relevant cost Indirect Labor, Indirect Materials, Factory Repair, and Maintenance, and Manufacturing Equipment Depreciation. The rest all cost is not relevant for total manufacturing cost.
