Answer:
the ending inventory using the LIFO method is $1,225
Explanation:
The computation of the value of the inventory using the LIFO method is shown below;
Since there are 196 closing units
So,
= 146 units × $6 + 49 units × $7
= $882 + $343
= $1,225
The $6 come from
= $882 ÷ 147 units
And, $7 comes from
= $1,372 ÷ 196 units
Hence, the ending inventory using the LIFO method is $1,225
Answer:
Results are below.
Explanation:
Giving the following information:
Cupon rate= 0.0544/2= 0.0272
YTM= 0.0491/2= 0.02455
The par value is $1,000
<u>We weren't provided with the number of years of the bond. I imagine for 9 years.</u>
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 27.2*{[1 - (1.02455^-18)] /0.02455} + [1,000*(1.02455^18)]
Bond Price= 391.93 + 646.25
Bond Price= $1,038.18
Answer:
$3500 is deductible
Explanation:
The question is not complete . Please see the solution below :
The Investment Interest expense can be set off against Net Investment income ( Interest income - Investment expenses i.e $25000-$2000=$23000) to the extent and the remaining is carried forward to the next year. so here the investment interest expense is wholly set off against the interest income i.e $3500 is deductible
To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38.