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forsale [732]
3 years ago
10

A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,120 and is

paid at the beginning of the first year. Ninety percent of the premium applies to manufacturing operations and ten percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage
Business
1 answer:
N76 [4]3 years ago
7 0

Answer and Explanation:

The computation of the amount of the product and period cost is shown below:

Given that

Total Payment made for Three Years = $3,120

Per Year Payment is

= $3,040 ÷ 3 years

=$1,040

Now

90% of the per year payment is allocated to manufacturing operations

= $1,040 × 90%

= $936

And, 10% is Applied to Selling and Administrative Activities

= $1,040 × 10%

= $104

So, the product and period costs for the first year of coverage are $936 and $104 respectively.

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Consider the following spot interest rates for maturities of one, two, three, and four years. r1 = 4.1% r2 = 4.5% r3 = 5.2% r4 =
Nuetrik [128]

Answer:

Consider the following calculations

Explanation:

According to this general formula

f1,k = [(1+rk+1)k+1/((1+r1)]1/k -1

f1,1 = [(1+ 4.9%)1+1/((1+4.4%)]1/1 -1 = 5.40%

f1,2 =  [(1+ 5.6%)2+1/((1+4.4%)]1/2 -1 = 6.21%

f1,3 =  [(1+ 6.4%)3+1/((1+4.4%)]1/3 -1 =7.08%

4 0
3 years ago
Able Trucking Corporation files a suit in a state court against Bob’s Service Company (BSC), and wins. BSC appeals the court’s d
xz_007 [3.2K]

Answer:

Explanation:

An appellate court will reverse a lower court’s decision on the basis of the facts only

when the finding is clearly erroneous (that is, when it is contrary to the evidence

presented at trial) or when there is no evidence to support the finding. Appellate courts

normally defer to a trial court’s decision with regard to the facts of a case, however, for

several reasons. First, trial court judges and juries have the opportunity to observe

witnesses and tangible evidence first hand. The appellate court sees only a cold record of

the trial court proceedings and therefore cannot make the kind of judgments about the

credibility of witnesses and the persuasiveness of evidence that can be gleaned only from

firsthand experience. Second, as occurs when there is no jury and the case is heard by a

judge, trial judges routinely sit as fact finders. As a result, they develop a particular

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3 0
4 years ago
Which is the best measurement to use to determine who might have the absolute advantage?
Makovka662 [10]

Answer:

<u>low opportunity cost</u>

Explanation:

<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.

<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.

4 0
3 years ago
The Smiths are buying a house for $200,000. After their 10% down payment, they have also decided to pay two discount points. Wha
Vikentia [17]

Based on the information given the dollar amount of the discount points is $3,600.

<h3>Discount:</h3>

First step is to calculate the down payment

Down payment=$200,000-($200,000×10%)

Down payment=$200,000-$20,000

Down payment=$180,000

Second step is to calculate the discount points

Discount point=Down payment× Discount points

Discount point=$180,000×2%

Discount point=$3,600

Inconclusion the dollar amount of the discount points is $3,600.

Learn more about discount here:brainly.com/question/24286983

7 0
2 years ago
HELP ASAP
Vesnalui [34]
The three basic question of economic is 

What to produce

How to produce

For whom to produce 

Therefore the answer would be

1.How will the goods and service be produced

2.How will the goods and service be produced

3.Who will consume the goods and services
6 0
3 years ago
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