Answer:
Rate of change of rent [Seattle] = $95.5
Explanation:
Given:
2009 Rent $583
2015 Rent $745
2009 Boston $1,577
2015 Boston $2,150
2009 Seattle $958
2015 Seattle $1,600
Find:
Rate of change of rent [Seattle]
Computation:
Rate of change of rent [Seattle] = Change in price / Change in time
Rate of change of rent [Seattle] = [$2,150 - $1,577] / [2015 - 2009]
Rate of change of rent [Seattle] = $573 / 6
Rate of change of rent [Seattle] = $95.5
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Answer:
The firm should pay $46907.57 for the given project.
Explanation:
Given information:
Return = $15000 annually
Time = 5 years
Opportunity cost = 18%
The formula for payment is
where, R is return, OC is opportunity cost, t is time in years.
Substitute R=15000, t=5 and OC=0.18 in the above formula.
Therefore the firm should pay $46907.57 for the given project.
Answer:
Explanation:
The journal entry is shown below:
Warranty expense A/c Dr $25,500
To Estimated warranty liability $25,500
(Being the estimated warranty provision is recorded)
The computation is shown below:
= Merchandise sale value × given percentage
= $850,000 × 3%
= $25,500
Simply we debited the warranty expense and credited the estimated warranty liability so that the correct posting can be done.
The correct answer is D. Adjusted balance method.
Adjusted balance method in termed as the method which is being used by finance companies and banks to calculate for finance charges or interest income. which is known to be associated with credit card account or bank account.
The finance waits to aggregate all the adjustments and also calculates finance charges or interest rates by the end of billing period which will depend with the ending balance.
