Nick Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity
1 answer:
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Answer:
A deposit of 36,922.02 dollars will be equivalent to the series of emergencies deposits of 2,000 starting today.
Explanation:
we need to know the future value of the emergencies deposit and then, calculate which lump sum can generate the same amount. As the deposit are done at the beginning It will be an annuity-due:
C 2,000
time 36 (3 years x 12 months per year)
rate 0.045
FV $180,082.6885
Now we calculate the lump sum which yield this amount as well:
Maturity $180,082.6885
time 36.00
rate 0.045
PV 36,922.02
Answer:
Explanation:
1. Yes, these costs are accurately traced to each briefcase. Because these are variable cost and incurred upon per unit as per the product requirement and specification.
Check attachment for 2, 3 and 4.
For 3b. please provide the statements which are to checked.
