How much does it cost to operate a 1.0-W electric clock for a year if electricity cost $0.05/k Wh?

I think the answer is =$0.44 a year with the calculations of 1.01*24hrs*365=8,760Whr/1000kw = 8.76kWh 8.76 kWh * 0.05 = 0.44 a year. Is this correct?

2 answers

Yes, but the 1.01 should be 1.00 watts. It makes little difference.
Ty!