<u>E)</u><u> As an expense on the income statement.</u>
<h3><u>An expense is what?</u></h3>
The operating costs incurred by a business in order to produce revenue are referred to as expenses. According to a proverb, "making money costs money."
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent costs. Businesses are permitted to deduct tax-deductible expenses from their taxable revenue on their income tax returns in order to reduce their tax liability. However, there are tight guidelines set forth by the Internal Revenue Service (IRS) regarding which costs companies may deduct.
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Answer:
Explanation:
Probability of selecting a bag contain merchandise worth 50 cents is 9/20 = 0.45
Probability of selecting a bag contain merchandise worth $2.25 is 8/20 = 0.4
Probability of selecting a bag contain merchandise worth $5 is 3/20 = 0.15
Expected gain/loss = 0.45*9 + 0.4*8 + 0.15*3 - 3 = 4.05+3.2+0.45 -3 = 4.7
Hence there is expected gain of 4.7
Answer:
The interest rate is 0.06%
Explanation:
Step one :
Given data
final amount $1,000
initial principal balance $850
annual interest rate=?
time (in years)=5 years
Step two:
Applying the
Simple interest/Formula
A = P (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
Plugin our data into the formula We have
1000=850(1+r*5)
1,000=850(1+5r)
Opening bracket we have
1,000=850+4,250r
Colleting like terms we have
1000-850=4250r
250=4,250r
Dividing both sides by 4,250 we have
r=250/4250
r=0.058
Hence the interest rate is 0.06%
Answer:
$4,600
Explanation:
The computation of the balance in Oceanic's Warranty Liability account is shown below:
= Sales × estimated percentage - warranty claims
= $300,000 × 5% - $10,400
= $15,000 - $10,400
= $4,600
We simply find out estimated warranty cost and then deduct the warranty claims so that the accurate value can come.
Thus, All the items are need to be considered for the computation part.
Answer:
professor's efficiency is 75%
Explanation:
given data
expected cover = 16 chapters
able to cover = 12 chapters
to find out
the professor's efficiency
solution
we know here that when professor works at 100% efficiency
then complete 16 chapter in 1 semester
but here Professor completed only 12 chapter
so for 100% we know 16 chapter that is
100% = 16 chapter
and for x% = 12 chapter
so from above both equation we get x %
x = 100 % × 
x = 75%
so we can say that professor's efficiency is 75%
