Answer:
$583
Explanation:
Under the FIFO method, we considered the first unit first comes out
The computation of the cost of units sold for 26 units is shown below:
The 26 units are taken from
11 units at $17 each, 11 units at $28 each and the remaining 4 units i.e 26 units - 22 units taken at $22 each
So,
= 11 units × $17 + 11 units × $28 + 4 units × $22
= $187 + $308 + $88
= $583
Answer:
The debt-to-equity ratio of the company is 0.2
Explanation:
The formula to compute the debt to equity ratio is as:
Debt to equity ratio = Debt / Equity
Where
Debt is total liabilities which amounts to $700,000
Equity is total equity which amounts to $3,500,000
Putting the values in the above formula:
= $700,000 / $3,500,000
= 0.2
Debt to equity ratio of the company is 0.2
Answer:
$651.60
Explanation:
the worth of the bond today can be determined by calculating the present value of the bond's cash flow
Present value is the sum of discounted cash flows
Present value = cash flow / (1 + r)^n
r = interest rate
n = years
1000 / ( 1.055)^8 = $651.60
This is a quote taken from To Kill a Mocking Bird. Dolphus wanted Scout to understand the situation by looking stepping back and be able to see a better picture of the town. Scout was still young and immature to know about the situation.
Answer:
$22.2 billion
Explanation:
Calculation to determine How much would they report as LIFO cost of goods sold
Cost of goods sold=$22 billion + ($0.8 billion $0.6 billion)
Cost of goods sold=$22 billion + $0.2 billion
Cost of goods sold= $22.2 billion
Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion
