Answer:
$35,000 is the maximum amount that Crigui should pay
Explanation:
Total cost if manufactured internally;
Direct materials $13,000
Direct labor 15,000
Variable overhead 3,000
Fixed overhead 7,000
————
Total cost $38,000
Therefore, $38,000 - $3,000 (unavoidable cost) = $35,000
Answer:a credit to Interest revenue for $200
Explanation:
Interest = Principal x rate x time ( period )
= $10,000 x 6% x 120/360
=$200
Account titles and explanation Debit Credit
Cash $10,200
Note receivable $10,000
Interest revenue $200
Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200
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:
To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.
Hope this helps!