Answer:
The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.
Explanation:
According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.
Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600
Answer:
Standard deviation of the portfolio = 70.71%
Explanation:
σP =√(w²A *σ²A) + (w²B*σ²B) +2 (wA*wB*correl. AB)
w = weight of..
Given that;
wA = 50% or 0.5 as a decimal
wB = 50% or 0.5
σA = 40% or 0.4
σB = 20% or 0.2
correl. = correlation = 0.90
σP = √(0.5² * 0.4² ) + (0.5² * 0.2² ) +(2*0.5*0.5*0.90)
σP = √ (0.04 + 0.01 + 0.45
= √0.5
= 0.7071
Standard deviation of the portfolio = 70.71%
Answer:
A. $7500
Explanation:
First 10000 : 0%
Next 20000: 10%
Next 20000: 20%
Next 20000: 30%
Over 60000: 40%
Therefore income of $55000 would have a tax liability as such
First - 0% of 10000 = 0
Second - 10% of 20000=2000
Third - 20% of 20000= 4000
Fourth - 30% of 5000= 1500
Total tax liability (TTL)= 0+2000+4000+1500
TTL = $7500
Answer:
On an average customers are spending 10 minutes in the queue.
Explanation:
Please see attachment
Answer:
C) $88,000
Explanation:
period cost: cost which cannot be capitalize through inventory or other assets.
Under variable cost, the fixed cost are treated as period cost.
Fixed costs:
Fixed manufacturing overhead $ 60,000
Fixed selling and administrative expense $ 28,000
