Answer:
cost of the building = $183,331.14
Explanation:
we have to calculate the present value of all the future annual payments using the 11% discount rate:
$37,000 x 2.4437 (PVIFA, 11%, 3 periods) = $90,416.90
($52,000 x 2.4437) / (1 + 11%)³ = $92,914.24
total present value = $183,331.14
72,000 I think because 90% of 80,000 is 72,000
Answer:
$763,000
Explanation:
Warranty costs = 3%
Total sales = $29.1million ($29,100,000)
actual warranty expenditures = $110,000
First we multiply warranty cost by total sale
$29100000 x 0.03
= $873,000
Then
Subtract $110,000 from $873,000
$873000 - $110000
= $763,000
Sony should report $763,000 as liability
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