Answer: c. 3%
Explanation:
The Insurance company guaranteed that the minimum rate that they will pay their policyholders as 3%. Just because the investments are now drawing only 2.5% due to the economic downtown does not absolve them of this agreement.
They must therefore still pay their policy holders the minimum return guaranteed which is 3%.
Answer:
Amount to be paid annually by Ned Winslow = $8461.35
Explanation:
Fv = <u>A ( 1 + r)∧n - 1 </u>
r
90,000 = <u>A ( 1 + 0.08)∧8 - 1</u>
0.08
90,000 = <u>A ( 1.8509 - 1)</u>
0.08
90,000 = 10.6366A
A = 90,000/10.6366
= $8,461.35
Answer:
2720 units; 1806 units
Explanation:
Ending Inventory in February = 80% x 1820 = 1456 units
Ending Inventory in January = 80% x 1750 = 1400 units
Budgeted production in January = Budgeted sales in Jan + Ending Inventory in Jan - Begining Inventory in Jan = 1500 + 1400 - 180 = 2720 units
Budgeted production in February = Budgeted sales in Feb + Ending inventory in Feb - Begining Inventory in Feb = 1750 + 1456 - 1400 = 1806 units
Answer:
Supplies Expense 12500
Explanation:
<em>Bravo Unlimited</em>
<em>Adjustment Entry</em>
Date Particulars Debit Credit
February 29 Supplies Expense 12500
Supplies Account 12500
( Opening bal+ purchases- Ending bal= Expense= 2000+ 12000- 1500= 12500
At the month end Supplies were used for $ 12500 and supplies on hand are $ 1500.
On 2nd Feb the supplies account totalled $ 14000 but $5000 supplies had been expensed so the total amount of supplies used up is calculated by (Opening bal+ purchases- Ending bal= Expense) the formula given above.
The LBA label means that Logical Block Addressing is used. It is a <span>common scheme used for specifying the location of blocks of data stored on computer storage devices.</span>
A hard drive has stamped on its label: lba = 7,814,037,168. this means that it has 7,814,037,168 sectors. Or more precisely, 7 platters, 814 cylinders, 37 heads and 168 sectors per track.
