Answer:
PV= $31,794.12
Explanation:
Giving the following information:
Monthly payment= $600
Number of months= 5*12= 60 months
Interest rate= 0.05/12= 0.004167
<u>To calculate the present value of the monthly payments, we need to use the following formula:</u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= monthly payments
PV= 600*{(1/0.004167) - 1/ [0.004167*(1.004167^60)]}
PV= $31,794.12
Answer:
450,000 shares are outstanding after stock spilt.
Explanation:
Computing numbers of shares outstanding for company after stock spilt is as:
Number of shares outstanding = Number of Shares × Stock Spilt
where
Number of Shares are 300,000
Stock spilt is 3/ 2
Putting the values above:
= 300,000 × 3 / 2
= 450,000 Shares
Note: Determine the number of shares outstanding for the company after stock spilt. Is the requirement.
Answer:
$8,200
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.
So the cost of goods sold =
800 x $9 = $7200
100 × $10 = $1000
Total cost of goods sold = $7200+$1000 = $8,200
I hope my answer helps you
Answer:
Suppose that last year you borrowed $100 at 5 percent interest to purchase a $100 pair of Nike cross-training shoes. This year you repaid the bank with interest. If the inflation rate was 10 percent last year, your purchase of the shoes would: <u>make you an inflation winner as you saved $5 on the shoes</u>.
