Given the following parameters:
The company sold $12,000 worth of
bicycles, with an extended warranty.
Average warranty expense is
estimated to be 2% of sales.
The current period's entry to
record the warranty expense is:
Warranty Expense $240
Estimated Warranty Liability $240
Rationale - 12,000 x 0.02 = 240
Answer:
The area of the walking path = 3,371 ft²
Explanation:
The complete Question is presented in the attached image to this solution
Note that the walking path consists of straight paths and curved paths.
The straight path is strictly squares, with 9 of them on both sides (top and bottom)
Area of the straight path = 18 × area of one square = 18 × 10² = 1800 ft²
For the curved path, note that their areas is the area between two semi circles.
Smaller semicircle has a radius of r = 20 ft.
Larger semicircle has a radius of R = 30 ft.
Area between the two semicircles = (Area of larger semicircle) - (Area of smaller semicircle)
= (πR²/2) - (πr²/2)
= (π×30²/2) - (π×20²/2)
= 785.4 ft²
But note that there are two of those curved paths, hence, area of the curved paths
= 2 × 785.4 = 1570.8 ft²
Total area of the walking path = (Area of straight path) + (Area of curved path)
= 1800 + 1570.8 = 3370.8 ft² = 3371 ft² to the nearest whole number.
Hope this Helps!!!
Answer:
The correct answer is $17,000.
Explanation:
According to the scenario, the given data are as follows:
Bonds percent = 7%
Par value of bonds = $500,000
Market rate = 6.5%
Cash received = $505,000
So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:
First we calculate the premium on bonds,
So, Premium on bonds = Cash received - Par value of bonds
= $505,000 - $500,000
= $5,000
So, straight line amortization = Premium on bonds ÷ years
= $5,000 ÷ 5
= $1,000
So, Amount of interest expense for first semiannual is as follows:
Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)
= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )
= $17,500 - $500
= $17,000.
A company made a profit of $25,000 over a period of 5 years on an initial investment of $10,000. What is its annualized ROI?
Answer: Out of all the options shown above the one that best represents the annualized ROI is answer choice C) 30%. To solve this you first need to determine the data that will be needed to solve it. In this case the initial investment which is 10,000, the total profit: 25,000, and finally the total number of years: 5. Then we simply use the following formula: Return on Investment = (Gain from Investment - Cost of Investment)/ cost of investment. You then multiply the result by 100% and finally divide by the number of years which in this case is 5.
I hope it helps, Regards.
12000*12= 14400 for a year
