Answer:
The ending inventory cost using FIFO is $1,880.
Explanation:
FIFO assumes that the first goods received by the business will be the first ones to be delivered to the final customer.
This means that, any remaining inventory will be valued as if they were the latest goods purchased.
<u>Ending inventory cost calculation :</u>
10 units × $58 = $580
20 units × $65 = $1,300
Total = $1,880
Conclusion :
The ending inventory cost using FIFO is $1,880.
All the rest of the counties since when they do currency exchange their value of monewy is higher and they have to pay less
Answer: 12%
Explanation:
A coupon payment on a bond is simply the annual interest payment which the bondholder will get from the bond's issue date till the bond matures. It should be noted that coupons are described in their coupon rate, and this is calculated when one adds the sum of the coupons that are paid per year and then divide it by the face value to f the bond.
Im this case, we are told that Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, and selling for $1,382.01 and that at this price, the bonds yield 7.5 percent.
Using Excel, the coupon payment will be $120. The coupon rate will now be:
= Coupon payment/Face value
= 120/1000
= 0.12
= 12%
Therefore, the coupon rate is 12%
Answer:
9.70 times
Explanation:
The formula and the calculation of the times interest earned ratio is computed below:
Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)
where,
Earnings before interest and taxes = Net income after tax + interest expense + income tax expense
=$56,500 + $9,100 + $22,700
= $88,300
And, the interest expense is $9,100
Now place these values in the formula above,
so the ratio would be equal to
= $88,300 ÷ $9,100
= 9.70 times
Answer:
C) the accord or the original obligation.
Explanation:
Based on the scenario being described within the question it can be said that Scott can sue Renee on the accord or the original obligation. This is mainly due to the fact that Renee did not pay the newer arrangement within the three days, and therefore owes Scott the total amount of $25,000 as was agreed by both in the original contract, but since Scott also agreed on the $21,000 he can decide which he would want to sue for.
