Answer: D. $7,500
Explanation:
Before the $150,000 mortgage at 5%, the existing $40,000 balance of the loan was paid off. Therefore, only the mortgage was payable. At 5% x %150,000 = $7500 interest.
Therefore, the amount $7500 interest expense Kris will deduct as home related interest expense would be $7,500.
Answer:
Boyd will record Warranty Expense in the amount of $400 for the month.
Explanation:
Warraty expense is an obligation on the business because business idmliable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.
Sales = $20,000
Warranty repair = 2% of Sales
Warranty Expnese = Sales x Warranty repairs percentage
Warranty Expnese = $20,000 x 2%
Warranty Expnese = $400
Answer and Explanation:
The computation is shown below:
a. The standard cost is
Fo material
= $1,243,000 ÷ 565,000 units
= $2.20 per unit
And, for labor it is
= $1,638,500 ÷ 565,000 units
= $2.90 per unit
b. The budgeted cost would be remian the same as the total cost i.e. $1,243,000 and $1,638,500
Hence, the same would be considered and relevant
Answer:
depends on the situation give me a strategy and ill give you why it would be the best
Answer:
The cost of capital is 10.974%
Explanation:
The capital of a firm is made up of debt and equity component. The weighted average cost of capital or WACC of a firm is the cost of all the firm's capital components combined and can be referred to as simply the cost of capital.
The cost of capital or WACC for Bioplex Corporation is,
WACC = 0.1 * (1-0.21) * 0.06 + 0.3 * 0.09 + 0.6 * 0.13
WACC = 0.10974 or 10.974%