Answer and Explanation:
The computation is shown below;
a. For Warranty Expense
= Sales × Estimated Warranty Percentage%
= $4,144,400 × 0.87%%
= $36,056.28
b)
The amount that should be reported is
Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635
Less: Actual warranty costs in 2019 ($26,750)
Add: Warranty expense accrued in 2019 $35,056
Closing Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941
<span>Yes. By investing $180,000 and having a revenues of $198,000, the company would earn $18,000 (before tax) from this project investment. Assuming that the $180,000 investment already factored in time/labor and the projected $190,000 revenues is very likely to occur.</span>
Complete question:
Bressler’s would like to sell 600shares of stock using the Dutch auction method. The bids received are as follows:
Bidder Quantity Price $
A 100 818
B 300 17
C 400 16
D 700 15
The bids received are as follows: Bidder A will receive _____ shares and pay a price per share of ____.
Solution:
Bidder A's quantity = [600 /(100 + 300 + 400)] ×100
= 75 shares
All successful bidders will pay $16 a share
The bids received are as follows:
Bidder A will receive 75 shares and pay a price per share of $16 .
A Dutch auction is a trading system (such as an initial open bid) whereby the stock price offered is reduced before appropriate offers are available for selling all shares. Each stock is then sold at that price.
Answer:
Total Assets=$18,170 Networth=Assets-Liabilites=$15,855
Total Liabilties=$2,315 Cash Outflows =$3,925
Cash Inflows=$0
Explanation:
Total Assets
Checking Account 450.00
Savings Account 1,890.00
Automobile 7,800.00
Loan payment (80.00)
Household Possession 3,400.00
Stereo Equipment 2,350.00
Computer 1,500.00
Stock Investment 860.00
18,170.00
Total Liabilties
Loan 2,160.00
Credit balance 235.00
Loan payment (80.00)
2,315.00
Networth=$18,170-$2.315=$15,855
Cash Outflows
Rent 650.00
Salaries 1,950.00
Food 450.00
telephone 65.00
Insurance 230.00
Electricity 90.00
Lunch/Parking 180.00
Donation 70.00
Purchase 110.00
Restaurant Spending 130.00
3,925.00
Cash Inflows=$0
Answer:
the standard deviation for the sample is 6.83%
Explanation:
∑ ( (x1-X)^2 ) / N-1
whre X is the mean of the sample and N is the number of samples.
Year Return
2010 21.00%
2009 12.50%
2008 25.00%
Average: (0.21 + 0.125 + 0.25 )/3 = 0.195
Difference between average and actual result squared:
(0.21-0.195)^2+(0.125 -0.195)^2+(0.25 -195)^2 =
(0.015)^2+(-0.07)^2+(0.055)^2 = 0.00815
1/(N-1) = 1/(3-1) = 1/2
standard deviation = √(0.00815/2) = 0.06837397166 = 6.83%
