Given:
400 shares of Google
399.75 per share
2% commission on purchase price.
400 shares * 399.75/share = 159,900
159,900 x 1.02 = 163, 098
The total to Bee Sting is $163,098
Answer:
125,200
Explanation:
Adjust inventory to base year prices:
= Cost of ending inventory ÷ cost index for the year
= $136400 ÷ 1.1
= $124,000
Current year LIFO layer:
= Adjust inventory to base year prices - Cost of beginning inventory
= $124,000 - $112,000
= $12,000
Inventory to be shown:
= Add the new LIFO layer at end of period prices to prior year LIFO inventory
= (112,000 × 1) + (12,000 × 1.1)
= 112,000 + 13,200
= 125,200
Answer:
B). increase by the same amount of deposits
Answer:
The amount to be paid for the contract today = $220,908.32
Explanation:
<em>The amount to be paid for the contract today will be equal to the present value of the annuity of $22,500 payable for 20 years discounted at a rate of 8% per annum.</em>
Present Value = A ×( 1 - (1+r)^(-n))/r
A- 22,500, r- rate of return - 8%, n -no of years 20 years
PV = 22,500 ×( 1-(1.08)^(-20) )/ 0.08
PV = 22,500 ×9.8181
PV = $220,908.32
The amount to be paid for the contract today = $220,908.32
Answer:
$29,400
Explanation:
Straight line depreciation expense = (cost of asset - Salvage value) / useful life
Cost of asset = $150,000 + $20,000 + $7,000 = $177,000
($177,000 - $30,000) / 5 = $29,400
I hope my answer helps you
