Answer:
The correct answer is $800
Explanation:
Giving the following information:
Fulbright Corp. uses the periodic inventory system.
Fulbright made the following purchases (listed in chronological order of acquisition):
· 40 units at $100
· 70 units at $80
· 170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
Ending inventory= [(100 + 80 + 60)/3]*10
Ending inventory= 80*10= $800
Answer:
DeBondt and Thaler (1985) found that the poorest-performing stocks in one time period experienced <em>good</em> performance in the following period and that the best-performing stocks in one time period experienced <em>poor</em> performance in the following time period.
Explanation:
DeBondt and Thaler carried out a study that examined stocks of 35 worst and best performing firms over a previous five-year period.The study showed that over the following three-year period, the firms that were previously performing poorly performed better than the former best performing firms, by an average of 25%.This reversal in the fortunes of stocks of firms in the following period is called the Reversal Effect.
It cost you $85 to gas up your car this month. But last month it cost you $50. This is inflation
Answer:
7.36%
Explanation:
Nper = (10-2)*2 = 16
Pmt = 1000*8.7%/2 = 43.5
Pv = -108%*1000 = -1080
Fv = 1000
YTM = Rate(Nper, pmt, -Pv, Fv)*2
YTM = Rate(16, 43.5, -1080, 1000)*2
YTM = 0.036795696 * 2
YTM = 0.073591392
YTM = 7.3591392%
YTM = 7.36%