First find the total payments
Total paid
200×30=6,000 (this is the future value)
Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)
Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15
The answer is 4795.15
Answer:
c. jasper has apparently decreased the volume of items in his ending inventory as compared to the number of items in his beginning inventory
Step-by-step explanation:
First In First Out FIFO is a type of inventory system in accounting, it literally implies that the oldest purchase goes out first when you made a sale. The oldest purchase are charged based on cost of good sold. If price are rising, :
FIFO will yield a lower cost of good sold
FIFO will yield a higher net income
FIFO will yield higher tax liability
FIFO will yield a higher inventory
From the information given:
the business records show that the cost of the stores inventory items has been steadily increasing. the cost of the end of the year inventory is 200,000 and the cost of the beginning of the year inventory was 250,000.
What the statement implies is that:
jasper has apparently decreased the volume of items in his ending inventory as compared to the number of items in his beginning inventory
D = sqrt (x2 - x1)^2 + (y2 - y1)^2
(1,-2)(10.-4)
d = sqrt (10 - 1)^2 + (-4 - (-2)^2
d = sqrt (9^2 + (-4 + 2)^2
d = sqrt (9^2 + (-2^2)
d = sqrt (81 + 4)
d = sqrt 85
d = 9.2
5,223
Nearest tens: 5,220
Nearest hundreds: 5,200
Nearest thousands: 5,000
