What is the viability and relevancy of insurance products sold to businesses and individuals ?

Danube Corp. purchased a used machine for $ 10 comma 000. The machine required installation costs of $ 4 comma 000 and insurance

melamori03 [73]

Answer:

The correct answer is B. $14,500

Explanation:

According to the accounting concept, the machines cost includes all those cost which is related to the machine like - purchase cost of machine, installation cost of machine, insurance cost,etc.

So,

Total cost of machine = Purchase cost of machine + installation cost of machine + insurance cost

= $10,000 + $4,000 + $500

= $14,500

Hence, the total machine cost is $14,500 which is to be recorded in the financial statements.

Thus, the correct answer is B. $14,500

7 0

3 years ago

White Lion Homebuilders is considering investing in a one-year project that requires an initial investment of $500, 000. To do s

MissTica

Answer:

C.

Explanation:

a) Required around for investment is $500,000

Flotation cost is 2%

Total amount require to issue =

$500,000/ (1-2%)

= $510,204,08

After one year value of investment will be $595,000

Rate of return =

550000/(450000x(1+2%)-1 =19.8%

b) 2.03/(33.35x(1-3.75%) + 9.4 = 15.72%

c) 745000/60% = 1241666.67

That is C. $124,1666,67

4 0

3 years ago

If your paycheck indicates that you worked 7.5 hours each day in an 8-day pay period, how many hours did you work in all? A. 54

allsm [11]

Hi!

To solve this multiply

7.5 x 8 = 60

The answer is C. 60 hours

Hope this helps! :)

6 0

3 years ago

After a third complaint about how her company was handling customer service requests, catalina developed a code of ethics to spe

Arisa [49]

The code of ethics which Catalina developed is supposed to spell out how her staff will interact with customers, fellow employees, and members of the general public.

<h3>What is the purpose of a Code of Ethics?</h3>

The Code of ethics is an organizational blueprint that spells out the behavior of staff or employees which when followed to the letter ensures, that the image or the organization is associated with the highest levels of:

Professionalism
Integrity and
Honesty,

These help to increase brand equity.

Please see the link below for more about the Code of Ethics:

brainly.com/question/11634495

6 0

2 years ago

Testbank Multiple Choice Question 81 At the beginning of 2020, Sunland Company issued 8% bonds with a face value of $5700000. Th

laila [671]

Answer:

$527,737

Explanation:

The Bond Payment or Coupon always includes the Interest Portion and the the Capital Potion. The question only requires the Interest Portion of the Bond.

The Bond Parameters can be set as :

PV = - $5,259,870

FV = $5,700,000

PMT = ($5,700,000 x 8%) ÷ 2 = $228,000

N = 5 x 2 = 10

YTM = 10 %

P/YR = 2

Constructing an amortization schedule for 2020 gives :

Date Capital Portion Interest Balance

June 30 $34,994 $262,994 $5,294,864

Dec 30 $36,743 $264,743 $5,331,607

Total $71,737 $527,737 $5,331,607

therefore,

The amount of interest expense to be reported for 2020 is $527,737

7 0

2 years ago