It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.
A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.
The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.
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Answer: It will take Nico approximately 12 years
Explanation:
Payments = $40000
r = 12%
Future Value = 1000 000
Future Value annuity = Payments((1 + r)^n - 1)/r
1000000 = 40000((1 + 0.12)^n - 1)/0.12
40000((1.12)^n - 1) = 1000000 x 0.12
(1.12)^n -1 = 120000/40000
(1.12)^n = 3 + 1
nlog(1.12) = log(4)
n = log(1.12)/log(4) = 12.232510748
n ≈ 12 years
It will take Nico approximately 12 years
The way Virtual Reality can be used understand the project needs by
monitoring progress and providing inputs in the industry.
<h3>What is Virtual Reality?</h3>
This is a simulated experience which is usually similar or different from
the real world.
This helps individuals to interact with an artificial 3-D visual and is used in
entertainment and business. It helps workers to provide the necessary
input during developmental stages in the construction industry.
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Answer:
Fifo Inventory $665
Moving Average= $ 606
Lifo Inventory $ 592
Explanation:
Purchases
Date Units Unit Cost Sales Units Fifo Inventory
July 1 13 $115
<u>July 6 9 </u>
<u> 4 $115 $460</u>
July 11 6 $122
<u>July 14 6 </u>
<u> 4 $122 $488</u>
July 21 7 $132
<u>July 27 6 </u>
<u> 5 $ 133 </u><u> $665</u>
<u />
Moving Average Method
= Total Cost of Purchases/ No of items= 13*115 + 6*122+ 7*132/13+6+7
= 1495+ 732+ 924/26= 3151/26= 121. 192
No of units in the Ending Inventory= 5 * 121.192= $ 605.96
Purchases
Date Units Unit Cost Sales Units Lifo Inventory
July 1 13 $115
<u>July 6 9 </u>
<u> 4 $115 $460</u>
July 11 6 $122
<u>July 14 6 </u>
<u> 4 $115 $460</u>
July 21 7 $132
<u>July 27 6 </u>
1 132 $132
<u> 4 $ 115 $460</u>
<u> 5 </u><u> $ 592</u>
