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lisov135 [29]
3 years ago
14

Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which

totaled $51,480.79. How much did your father originally invest?
Business
1 answer:
Nutka1998 [239]3 years ago
8 0

Answer:

your father originally invest is $13035.72

Explanation:

given data

investment time = 33 years

interest rate = 4.25 percent

totaled $51,480.79

solution

we get present value by future value formula that is

future value = present value × (1+r)^{t}    .........................1

put here value and we get

$51480.79 =  present value × (1+0.0425)^{33}

solve it we get

present value = $13035.72

so your father originally invest is $13035.72

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An advantage of the fixed-period inventory system is that______.
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All of the following are fees typically charged by credit card companies EXCEPT:
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D. would be the correct answer I believe!
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Swiss exports are concentrated, highs-density products (cheese, chocolates, watches) that minimize the need for importing bulky
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Answer:

A, mountain ranges increase transportation costs in and out of Switzerland and limit local resources.

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8 0
3 years ago
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3
svet-max [94.6K]

Answer:

The answers are:

A) Using FIFO, the inventory cost is $11,700

B) Using LIFO, the inventory cost is $7,500

C) Using ACV, the inventory cost is $9,435

Explanation:

<u>Date</u>              <u>Units purchased</u>     <u>Unit price</u>         <u>Total purchase</u>

Jan. 1              2,500 units            $5 per unit           $12,500

Feb. 17            3,300 units            $6 per unit           $19,800

July 21            3,000 units            $7 per unit           $21,000

Nov. 23          1,200 units             $8 per unit           $9,600

TOTAL           10,000 units                                        $62,900

At December 31, 1,500 units were left in the physical inventory

  • Using FIFO, the inventory cost is $11,700 [= (1,200 units x $8 per unit) + (300 units x $7 per unit)]
  • Using LIFO, the inventory cost is $7,500 (= 1,500 units x $5 per unit)
  • Using ACV, the inventory cost is $9,435 [= ($62,900 / 10,000 units) x 1,500 units]
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3 years ago
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