Answer:
5.0285%
Explanation:
Bob's annual payment is $1,168.37 (using a financial calculator)
Barbara's annual interest payment = $1,168.37 - annuity that will have a future value of $10,000 in 12 years
future value of annuity = payment x [(1 + r)ⁿ - 1] / r
- r = 4%
- future value = $10,000
- n = 12
$10,000 = payment x [(1 + 0.04)¹² - 1] / 0.04
$10,000 = payment x 15.0258
payment = $10,000 / 15.0258
payment = $665.52
Barbara's annual interest payment = $1,168.37 - $665.52 = $502.85
Barbara's effective interest rate i = $502.85 / $10,000 = 5.0285%
Answer:
The correct answer is 11% and 9.24%.
Explanation:
According to the scenario, the computation of the given data are as follows:
Arithmetic return=[ r1 + r2 + r3 + r4 + r5 + r6 ] ÷ 6
By putting the value we get,
= [0.14 + 0.32 + 0.15 - 0.20 + 0.32 - 0.07 ] ÷ 6
=0.66 ÷ 6
=0.11 or 11%
Geometric Return = [( 1+r1 ) ( 1+r2 ) ( 1 + r3 ) ( 1 + r4 ) ( 1 + r5 )( 1 + r6]^1÷6 -1
By putting the value, we get
=[(1+0.14) (1+0.32) (1+0.15) (1-0.20) (1+0.32) (1-0.07)]^1÷6 -1
=[1.14 × 1.32 × 1.15 × 0.80 × 1.32 × 0.93]^1÷6 -1
=[16.9950]^1÷6 -1
=0.9241 or 9.24%
Answer:
See below
Explanation:
Direct materials used = Cost of goods manufactured - work in process inventory, beginning - factory overhead applied - direct labor + work in process inventory, ending
= $60,000 - $10,500 - $12,000 - (1.5 × $12,000) + $9,000
=
