Answer:
Final Value= $414,135.43
Explanation:
Giving the following information:
Quarterly deposit= $32,000
Number of quarters= 3*4= 12
Interest rate= 0.0545/4= 0.01363
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
FV= {32,000*[(1.01363^12)-1]} / 0.01363
FV= $414,135.43
Answer:
$2436
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
total goods sold = (total inventory purchased + beginning inventory) - 60
(36 + 126 + 18) - 60
180 - 60
= 120
the 120 units sold would be taken from the inventory purchased on the 22nd and 7
(18 x 22) + [(120 - 18) x 20]
396 + 2040 = 2436
Answer:
the opportunity cost of attending college for one year is $33,000
Explanation:
The computation of the opportunity cost is shown below:
= Full time job + health and retirement benefits
= $20,000 + $5,000 + $8,000
= $33,000
hence, the opportunity cost of attending college for one year is $33,000
We simply added the above 3 items so that the correct value could come
And ignored the college tuition fees
