Answer:
7.68%
Explanation:
Data provided in the question
Present value = $1,891
Future value or Face value = $2,000
PMT = 2,000 × 7.1% ÷ 2 = $71
NPER = 17 years × 2 = 34 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, The pretax cost of debt is 7.68% (3.84% × 2)
Answer:
$2,880
Explanation:
US GAAP requires companies to value their inventories at lower of cost or net realizable value.
so we calculate both:
- the cost = 8 x $530 = $4,240
- the net realizable value = 8 x $360 = $2,880
Since the net realizable value is lower, then the computers must be recorded at that price.
Answer:
Standard cost = $5.57
Explanation:
As per the data given in the question,
Standard cost = Standard usage * standard price
Ingredient Amount/gallon st. waste St. usage St. price St. cost
Lime 24.0 Oz 4% .96X=24.0 Oz=25 Oz 0.15 $3.75 kool-drink
Sugar .72 lb 10% .90X=.72 lb = 0.8 lb $0.65 $0.52
Protein tablets 2 0% 2 $0.40 $0.80
Water 50 Oz 0% 50 Oz $0.01 $0.50
Total $5.57
Total standard cost = $3.75 + $0.52 + $0.80 + $0.50
= $5.57
The correct answer that would best complete the given statement above would be a STANDARD TOE BOARD. A Standard toe board <span> should measure 4 inches high, with no more than 1/4 inch clearance above the floor surface. Hope this answers your question. Thanks for posting. </span>
Answer:
$86,000
Explanation:
FIFO means first in, first out. It means that the first purchased inventory is the first to be sold.
This means thay the 500 units sold would be taken from the earliest purchased inventory and the ending inventory would be the most recently purchased inventories.
Ending inventory = (80 × $150) + (370 × $200) = $12,000 + $74,000 = $86,000
I hope my answer helps you
