Answer:
The answer is B. $5,270.94
Explanation:
C is the cash flow per period
i is the rate of interest
n is the frequency of payment
PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]
PV of an Annuity =125 x [ (1 – (1+0.065/12)^-12*4) / 0.065/12] = $5,270.94
Answer:
96.3 days
Explanation:
Inventory turnover is calculated as;
= ( Average inventory / cost of goods sold ) × 365
Where,
Average inventory = (Beginning inventory + Ending inventory) / 2
Average inventory = ($208,000 + $188,000) / 2
Average inventory = $198,000
Therefore,
Inventory turnover = ($198,000 / $750,000) × 365
Inventory turnover = 96.3 days
The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days
The gross domestic product is answer
Answer: $15,400,000
Explanation:
The fees paid to the fund's investment managers during the year would simply be the Management fee of 0.7% of the average daily assets. The expense ratio refers to other adminstrative expenses.
= 2,200,000,000 * 0.7%
= $15,400,000
