Answer:
The annual rent is $42,620
Explanation:
The computation of annual rent is shown below:
= Annual rent + (rate × gross sales)
where,
The annual rent is
= Monthly rent × total number of months in a year
= $2,800 × 12
= $33,600
The rate is 4%
The excess gross sales is computed by
= Annual gross sales - gross sales
= $725,500 - $500,000
= $225,500
Now put these values to the above formula
So, the answer would be equal to
= $33,600 + (4% × $225,500)
= $33,600 + $9,020
= $42,620
Hence, the annual rent is $42,620
Answer:
Atlanta Area Lodging | Lanier Islands - Legacy Lodge | Buford GA Lodging
These accommodations offer the finest Buford, GA lodging amenities and stunning views of the lake. ... Legacy Lodge also provides room service from 6:30am – 10:00am and 11:30am – 10:30pm. Check In Time: 4 p.m.
Explanation:
Answer:
Expected Loss will be $3
Explanation:
Expected Loss can be calculated by multiplying the probabilities to Net expected outcome.
Probabilities
Prize ( $460) = 1 / 100
Prize ( $80 ) = 2 / 100
Prize ( $20 ) = 4 / 100
No prize = 100/100 - (1+2+4)/100 = 93/100
Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3
Answer:
<u>December 31, 2018</u>
Debit : Dividend $40,000
Credit : Shareholders for dividends $40,000
Explanation:
When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.
Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :
Dividend = 100,000 x $2.00 x $0.20 = $40,000
Answer:
Interest= $90
Explanation:
Giving the following information:
Initial investment= $3,000
i= 3%
Number of periods= 1
<u>First, we need to calculate the future value, using the following formula:</u>
FV= PV*(1+i)^n
FV= 3,000*1.03= $3,090
<u>Now, the interest earned:</u>
Interest= 3,090 - 3,000
Interest= $90
