The amount of cost of goods sold using FIFO method is $110,000.
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From year 1 to year 2, the real GDP of the economy increases by 20%.
<h3>What is real GDP?</h3>
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.
<h3>What is the increase in real GDP?</h3>
GDP in year 1 = 10 x $2 = 20
Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24
Increase in real GDP = (24 / 20) - 1 = 20%
To learn more about GDP, please check: brainly.com/question/15225458
Answer:
They would need to buy $64,068.981 in U.S treasury bonds on Ava's second birthday to ultimately provide $120,000 for college expenses in 16 years.
Explanation:
The initial amount to be invested in order to yield $120,000 after 16 years can be expressed as;
F.V=P.V(1+R)^n
where;
F.V=future value of investment
P.V=present value of investment
R=annual interest rate
n=number of years
In our case;
F.V=$120,000
P.V=unknown
R=4%=4/100=0.04
n=16 years
replacing;
120,000=P.V(1+0.04)^(16)
120,000=P.V(1.04)^16
120,000=1.873 P.V
P.V=120,000/1.873
P.V=$64,068.981
They would need to buy $64,068.981 in U.S treasury bonds on Ava's second birthday to ultimately provide $120,000 for college expenses in 16 years.
Answer: S-1
Explanation:
According to the the securities and exchange commissions, the S-1 is the registration under the SEC act of 1933. Whereby a company file form S-1 in anticipation of IPO (initial public offering).The company must be small reporting company with $25 million of annual revenues and of $25 million of voting securities held by non-affiliates.
