The company's payment = $1640,
Carol's total cost = $410.
<u>Step-by-step </u>
<u>Given:</u>
Bill amount = $2300
Amount of deductible = $250
Remaining amount is given by:
=$2300-$250
=$2050
Since Carol's insurance company provided paid 80% of the bill less the deductible.
So, the Company's Payment is given by:
Company Pays 80% which translates to 0.8
Company Payment = 0.8*2050
Company Payment = $1640
Carol's total cost after the payment of company is given by
Carol pays = $2050 - $1640
Carol pays = $410
Hence, the company's payment was $1640, Carol's total cost was $410.
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Answer:
$30,174.74
Explanation:
The computation of present value is shown below:-
Future value = Present value × (1 + Rate of interest ÷ 1200)^12 × time period
$43,011 = Present value × (1 + 7.11 ÷ (12 × 100)^(12 × 5)
$43,011 = Present value × (1 + 7.11 ÷ 1,200)^60
$43,011 = Present value × (1 + 0.005925
)^60
Present value = $43,011 ÷ (1 + 0.005925
)^60
= $43,011 ÷ (1.005925
)^60
= $43,011 ÷ 1.425397857
= $30,174.73317
or
= $30,174.74
Therefore for computing the present value we simply applied the above formula.
We also attached the spreadsheet for better understanding
In compounded monthly, the interest rate is divided by 12 months and the time period is multiplied by 12 months and the same is to be considered
Answer:
Negative Float on a Partial Path:
c. The project is meeting its expected completion date but a certain activity/ event on that path is not meeting its expected completion date.
Explanation:
Float is the quantification of delays in a project. Negative float means that there is a delay exceeding the intended or allowed float by an ascertainable time. This means that float is about the time when an activity takes longer than originally planned. Some projects have inbuilt standard float which had been computed based on past experience of similar projects, with some allowances made for different expected scenarios.
Answer:
International Joint Venture.
Explanation:
An international joint ventures are the partnership formed by two businesses based in two different country to explore international market without taking complete commercial risk as foreign company is not aware about the local condition and preferences. It help the company to expand its own territory and explore new market. Business is formed for only specified project and partners share it´s profit, loss and other asset for smooth process in the business.
Answer:
S/N ACCOUNT DEBIT CREDIT
1 Equipment $22,000
Cash $22,000
Being payment for new component expected to increase the
equipment’s productivity by 10% a year
2. Equipment Repairs expenses $6,250
Cash $6,250
Being payment for equipment repair
3. Equipment $14,870
Cash $14,870
Being payment for equipment repair to prolong the useful life
the asset
Explanation:
The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.
Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.
The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is expected to increase the equipment’s productivity by 10% a year.
The $6,250 paid for normal repair is a revenue items which is to be expensed against the earning of that period.
The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.
