Winn will record a total interest expense of $200.
15,000 x .08 x (60/360)
= 200.
Interest expense is a non-operating expense recognized in the income statement. It represents interest paid on borrowings such as bonds, loans, convertible bonds, or lines of credit. This is basically calculated as the interest rate multiplied by the principal amount of the debt.
The simplest way to calculate interest expense is to multiply the company's total debt by the average interest rate on the debt. If a company has an average interest rate of 5% and he has a debt of $100 million, the interest expense will be $100 million multiplied by 0.05, or $5 million.
Learn more about simple interest here: brainly.com/question/2294792
#SPJ4
The correct answer that would best complete the given statement above would be the term PROFIT. Profit <span> serves as an incentive for entrepreneurs. This is when the entrepreneur is able to make more money out from a product than they are using it. Hope this is the answer that you are looking for.</span>
Answer:
The relevant cost per unit is USD 93/-.
Explanation:
A) Total Cost= Direct Material+ Direct Labor+ Variable overhead+ Fixed Over Head
T.C= 55,000+160,000+75,000+175,000= 465,000/-
B) Unit Price= T.C/Units
U.P= 465,000/5000
U.P= USD 93/-
<span>0.75
The midpoint method is to calculate the percentage as the change in value divided by the average (or midpoint) of the new and old values. So the price of the sandwich changed from $5 to $7. Using the midpoint formula, you get
(7-5)/((7+5)/2) = 2/(12/2) = 2/6 = 0.3333 = +33.3%
The change in sandwiches due to the change in price is
(90-70)/((90+70)/2) = 20/(160/2) = 20/80 = 0.25 = +25%
The elasticity of supply will be the percentage change in demand divided by the percentage change in price. So
25/33.3 = 0.75
So the coefficient of elasticity is 0.75</span>
