Answer:
Minolta: 5 at $ 163 = $ 815
Canon: 7 at $ 133 = $ 931
Vivitar 11 at $ 112 = $ 1,232
Kodak 10 at $ 121 = $ <u> 1,210 </u>
Total Inventory: $ 4,188
Explanation:
We must value the inventory at the lower value between the historic cost and the market value of the assets. This is done to follow the conservatism principles of accounting.
Minolta: 5 at $ 163 = $ 815
Canon: 7 at $ 133 = $ 931
Vivitar 11 at $ 112 = $ 1,232
Kodak 10 at $ 121 = $ <u> 1,210 </u>
Total Inventory: $ 4,188
Answer:
$138,700
Explanation:
Calculation to determine what Mary's cash flows from operating activities would be:
Net income $149,000
Less increase in A/R (3,000)
($28,500 - $31,500)
Less decrease in A/P (7300)
($21,500-$14,200)
Cash flows from operating activities $138,700
Therefore Assuming that all relevant information has been presented, Mary's cash flows from operating activities would be:$138,700
Answer:
A) We need to save $1,005 per month in order to have 1,500,000 in 30 years.
B) We will be able to borrow 158,579
C) We will have 2,259,361 in 35 years
D) The equivalent amount of money is 12,585
Explanation:
A) We are given a future value that we need to have in 30 years. So our future value is 1,500,000. Our present value is 0, our interest rate is 8/12=0.667. We divide 8 by 12 because we need to save money per month. The number of compounding periods are (30*12)=360. We multiply by 12 because monthly payments. Now we will enter this information in a financial calculator to find future value.
Pv= 0
FV = 1,500,000
I=0.66
N=360
Compute PMT= 1,005
B) PMT= 900
I=5.5/12=0.458
N= 30*12=360
FV=0
Compute PV
PV=158,579
C) PV= 100,000
PMT= 300
N= 35*12= 420
I=8/12=0.66
Compute FV=2,259,361
D) We need to know how much money will we need 30 years from now if we want to buy goods and services which are worth 6,000 today considering an inflation rate of 2.5%
We will multiply 6000 by (1+Inflation)^number of years
6000*(1.025)^30
=12,585
Answer: decrease
Explanation:
The money multiplier is the amount of money generated by banks with each dollar of reserves. The reserves is the amount of deposits which the Federal Reserve wants banks not to lend but rather hold. The money multiplier is therefore the ratio of deposits to the reserves in the banking system.
The money multiplier shows the ratio of the increase or decrease in money supply in relation to the increase or decrease in deposits. During the Christmas period, people draw lots of money out of their accounts to buy presents and other things. This will lead to a decrease in the money multiplier.
