Answer: $337,800
Explanation:
Cashflow is constant so is an annuity.
The Present value of the Investment;
= Present Value of Cashflow - Investment cost
= (220,000 * Present value interest factor of an annuity, 5 years, 9% ) - 518,000
= (220,000 * 3.89) - 518,000
= 855,800 - 518,000
= $337,800
Answer:
$7,400
Explanation:
The computation of the accrued Warranty Payable at December 31, 2019 is shown below:
= Opening balance in accrued warranty payable + warranty expense - defective products
= $1,100 + $19,100 - $12,800
= $7,400
We simply applied the above formula so that the Accrued Warranty Payable at December 31, 2019 could come
Answer:
Profit
Explanation:
Profit is the monetary or financial gain by a business when its revenues exceed costs. Revenue is the income a company gets through selling its goods and services. Costs are the expenses incurred in making goods and services for sale.
If the revenues are more than the costs, a business will make profits. But if the costs are more, the company will suffer losses.
The correct answer would be 2.)chain stores.
