Ginger's working on creating her first Google Search Ad. She wants to create an inviting and relevant ad, so potential customers
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Amortization is a method applied to periodically lower the book value of an intangible asset over a specified period of time. After one year of payment, the total interest would be $1,100.
<h3>What is amortization?</h3>Amortization means scattering payments over manifold periods. The term is used for two discrete processes. Amortization of loans and amortization of assets.
In the last-mentioned case, it refers to delegating the cost of an intangible asset over a period of time.
The total amount of interest that would be paid in the first year is $1,100 which is shown in the image given below.
Therefore, the amount of total interest payment would be $1,100.
Learn more about amortization, refer to:
Answer:
30 units at a cost of $14,80
Explanation:
The table shows purchases sales and balance with its corresponding number of units and cost. Before Patricia sold 30 units, she had 64 units available but not all of them cost her the same. The FIFO inventory method is "First in First out" which means Patricia is going to sell the first units she bought, if she needs more then she goes to the second purchase and so on.
So, if she sold 30 unit then she is going to use the first 20 units she bought at 11$ ($0,55 per each unit), but she is missing 10, then, she is going to take 10 units from the second purchase of 26 units at $10 ($0,38 each unit).
To know the cost of goods sold we need to multiply each unit sold by its cost per unit:
20 units x $0,55 = $11
10 units x $0,38= $3,8
Then we add:
$11+$3,8= $14,80. This is the total cost of goods sold (if we assume $ 11 was the total cost for 20 units and $10 was the total cost for 26 units)
