Answer:
Final value= $15,101.13
Explanation:
Giving the following information:
You believe that you will be able to invest $3,000, $3,300, $3,800, and $4,000 next four years. The interest rate is 5%.
To calculate the final value of each deposit we need to use the following formula:
FV= PV*(1+i)^n
Year 1= 3,000*1.05^3= $3,472.88
Year 2= 3,300*1.05^2= 3,638.25
Year 3= 3,800*1.05= 3,990
Year 4= 4,000
Total= $15,101.13
Answer:
a. $16,350.
Explanation:
The computation of the advertising expense to Department T based on departmental sales is shown below:
= Total advertising expenses × Department T Sales ÷ total sales
= $37,000 × $212,550 ÷ $481,000
= $16,350
By multiplying the total advertising expenses with the department T sales and then divide it by the total sales we can get the allocation amount
Answer:
The missing question is "<em>Kruger offers an extended warranty that covers repairs for years 3 through 10. The price of the extended warranty is $3,000. Kruger estimates that it costs $2,500, on average, to provide the additional repairs required under the extended warranty.
</em>
<em>Required: Assuming the customer chooses not to purchase the extended warranty, what journal entry(ies) should Kruger make at the time of the sale? Assuming the customer chooses to purchase the extended warranty, what journal entry(ies) should Kruger make at the time of the sale?"</em>
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Solution:
Date Account Titles Debit Credit
Cash $50,000
Sales revenue $50,000
Warranty expense $1,200
Warranty liability $1,200
Date Account Titles Debit Credit
Cash $53,000
Sales revenue $50,000
Unearned revenue $3,000
Warranty expense $1,200
Warranty liability $1,200
The answer to the blank space is green-oriented.
Green-oriented products are also known as environmental-friendly products, which means either the product is created from raw materials that will not cause harm upon use or disposal to the environment, or that the product is created through a process that does not impact the environment in a harmful manner.
In the Frito-Lay’s case of snack food manufacturing, it is clear that this is the second type of environmental-friendly product, since the product is partially produced using solar power which leads to less harmful pollution for the environment.
