Answer:
Total Sales Units 55,600
Total Sales Budget 55600*83= $ 4614,800
Explanation:
PAIGE COMPANY
Sales Budget
For the year ending December 31, 2020
Quarter 1 2 3 4
Sales units 10,100 12,200 14,700 18,600
<u>Sales Price $ 83 $ 83 $ 83 $ 83</u>
<u>Sales Budget $838300 $ 1012600 $1220100 $1543800</u>
As the sales units for each quarter and unit sales price is given we can easily calculate the sales budget by multiplying the units with the units price.
Total Sales Units 55,600
Total Sales Budget 55600*83= $ 4614,800
Similarly the total units can be calculated by adding the units in the quarters and multiplying it with the unit cost will give the total sale budget for the year.
Answer:
$57,600
Explanation:
The computation of the depreciation expense under the Double-declining balance method is shown below:
First we have to find the depreciation rate which is shown below:
= 1 ÷ useful life
= 1 ÷ 5 years
= 20%
Now the rate is double So, 40%
In year 1, the original cost is $240,000, so the depreciation is $96,000 after applying the 40% depreciation rate
And, in year 2, the $144,000 × 40% = $57,600
The $144,000 is come from
= $240,000 - $96,000
= $144,000
Answer:
the principal amount at a rate of 4% is 2000
principal amount at a rate of 3.5% is 4000-2000 =2000
Explanation:
We have given total amount borrowed = $4000
Let x amount is borrowed at a rate of 4%
So $4000-x is borrowed at rate of 3.5%
Total interest = $150
We know that simple interest 
So 
0.5 x=1000
x = 2000
So the principal amount at a rate of 4% is 2000
And principal amount at a rate of 3.5% is 4000-2000 =2000
Nothing really, you just might have a better idea of your budget if you do.
