Answer:
the monthly payment is $994.38
Explanation:
For computing the deposit amount made in equal payment for the next five years we need to apply the PMT formula i.e. to be shown in the attachment below:
Given that,
Present value = $0
Future value or Face value = $75,000
RATE = 9% ÷ 12 = 0.75%
NPER = 5 years × 12 = 60 years
The formula is shown below:
= PMT(RATE;NPER;PV;-FV;type)
The future value come in negative
So, after applying the above formula, the monthly payment is $994.38
When there are large variances in actual economic useful lives among the assets
<span>the answer for this question is 10.50%</span>
Answer:
Customers walking into the fast-food restaurants and joining the shortest queues for food, or selecting a queue from lines of equal length, instead of choosing to wait in longer queues to purchase food.
Explanation:
Answer:
The correct answer is option (d) $1.3 billion.
Explanation:
Given Data:
inventory value under FIFO costing = $2.1 billion
LIFO Reserve for year-end 2013 = $0.6 billion
LIFO Reserve for year-end 2014 = $0.8 billion
LIFO inventory is calculated using the formula;
LIFO inventory value at year-end 2014 = FIFO inventory - LIFO reserve
=$2.1 billion-$0.8 billion
= $1.3 billion
