Answer:
$320,244.92
Explanation:
We must first determine the principal of the loan and we can do that by using the present value of an annuity formula:
PV = monthly payment x annuity factor
- monthly payment = $2,356
- PV annuity factor, 360 periods, 0.625% = 143.01763
PV = $2,356 x 143.01763 = $336,950
Once we have calculated the principal, we can prepare an amortization schedule. I used an excel spreadsheet to do it. Four years and 8 months is the same as 56 monthly payments. The principal's balance after the 56th payment is $320,244.92
Answer:
a. $5,175
Explanation:
Expected transaction price with variable consideration estimated as the expected value = $4,500 + (30%*$4,500*30%) + (10%*$4,500*60%) + (0%*$4,500*10%)
= $4,500 + $405 + $270 + $0
= $5,175
So, the expected transaction price with variable consideration estimated as the expected value is $5,175
Answer:
Executive and shareholder
Explanation:
Since in the question it is mentioned that Sandy supervises the regional managers also she directed them. Moreover, it is entitled her for the ownership of stock in the company
She is not a director so she is an executive also she has the stock ownership so she is also a shareholder
So the sandy position in the company is of executive and the shareholder
Answer:
The total cost to be accounted for under the weighted-average method would be $184,000
Explanation:
Given information ,
Beginning work in process inventory = $22,000
Ending work in process inventory = $27,000.
The cost of units transferred out from the department = $157,000
Under weighted average method, the beginning Work in process inventory is not considered. So, the total cost would be displayed below.
Total cost = The cost of units transferred out from the department + Ending work in process inventory
= $157,000 + $27,000
= $184,000
Thus, the total cost to be accounted for under the weighted-average method would be $184,000
Answer:
2.75x + 3.25y = 172.50 ... Equation 1
x + y = 60 ... Equation 2
Explanation:
Where x = number of pineapple smoothies and
y = number of mango smoothies
Also given that, cost of pineapple smoothies = $ 2.75
and cost of mango smoothies = $ 3.25
The total sales made by the company is the addition of the sum made from mango smoothies and pineapple smoothies.
Total amount made from pineapple smoothies = cost of pineapple smoothies × number of pineapple smoothies sold
= 2.75 × x
= 2.75x
Total amount made from mango smoothies = cost of mango smoothies × number of mango smoothies sold
= 3.25 × y
= 3.25y
Therefore where total sales = $172.50
2.75x + 3.25y = 172.50
Also, since there were 60 cups used in all. Where a cup is used for a smoothie,
x + y = 60
Therefore the equations representative of the situation are
2.75x + 3.25y = 172.50
and
x + y = 60
