Answer:
The correct answer is A. $18,276
Explanation:
First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.
You calculate the total amount saved for each year, using the formula:
Where
is the total amount in the savings account for this period.
is the total amount in the savings account from the previous period.
is the interest rate.
are the annual deposits being made into the savings account.
Therefore for the first year you'd do:
For the second year:
And so on. You can help yourself calculate the value of this series using programs like Excel.
I have attached an Excel file that has a table with the savings values for each of the 25 years.
So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):
In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
Answer:
$7.90 per unit
Explanation:
The computation of the minimum price on these defective units is shown below:
It is equivalent to the selling & admin variable cost per unit i.e. $7.90 per unit
oAs all the other cost would be considered as a sunk cost because the product is already generated and the fixed cost is not considered as it would remain the same whether the production is increase or not
Therefore the second option is correct
Answer:
cash 20,000,000 debit
unearned revenue 20,000,000 credit
Explanation:
Record the advance collection of $20 million for iTunes gift card.
When a gift card is sold, Apple Inc assume the obligation of latter provide iTunes in the near future or do cash reimbursement therefore; this isn't revenue. It is a liability. Apple will generate revenue when the gift ard are redeem not at sale.
Answer:
The correct answer is $177,955.
Explanation:
According to the scenario, the computation of the given data are as follows:
Capital in excess of par account = $74,500
Common stock = $85,000
Retained earning = $141,500
So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:
Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )
Where,
Issued additional share = 11% × $85,500 = 9,405
And Capital in excess of par per share = $12 - $1 = $11
By putting the value, we get
Capital after dividend = $74,500 + ( 9,405 × $11)
= $74,500 + $103,455
= $177,955
