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3 years ago

A retail property valued at $710,000 earns $4,650 per month. What is the annual percent of return?

Business

1 answer:

Paul [167]3 years ago

4 0

Answer:

7.9%

Explanation:

The rate of return is the ratio of return to the amount invested.

Since the property earns $4,650 per month,

Therefore;

$4,650 × 12 = $55,800

To get the annual rate of return,

= Monthly returns on property/Value of profit×100%

= $55,800/$710,000

=7.9%

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Answer and Explanation:

Ferris Company

1. Average cost periodic

Dollars $48,000+$ 105,000

= $153,000

Units $11,000+$6,000

= $17,000

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Units 6000

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3. Average cost perpetual Jan 12th sales

Dollars 69,000

Units 8000

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2,000 units × $8.625

= $17,250

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Summary of Average Cost Perpetual

Cost of Goods Sold:

Jan 5 3,000 units= $24,000

Jan 12 2,000 units= 17,250

Jan 20 4,000units = 37,250

Total 9,000units = $78,500

Summary of Results

Cost ofGoods Sold EndingInventory

FIFO, Periodic $ 75,000 $78,000

LIFO, Periodic$87,000 $66,000

LIFO, Perpetual $82,000 $71,000

Average Cost, Periodic $81,000 $72,000

Average Cost, Perpetual $78,500 $74,500

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