Answer:
PV of 1st option = $185,015.50
PV of 2nd option = $192,683.78
Explanation:
Computing the present value of the monthly payments, we use the formula 
Where PV = present value of the monthly payments
A = monthly salary
r = monthly interest rate = 6%/12 = 0.5% = 0.005
n = number of months = 24 months
PV of the 1st option, $8,200 monthly for the next 2 year
= $185,015.50.
PV of the 2ns option, $6,900 monthly + $37,000 signing bonus
= $155,683.78 + $37,000 = $192,683.78.
To be able to fix the thing that are broken and to communicate with each other
The answer is C because i just took the test and the answer was C so put C down and i bet 100% you'll get it right
Answer and Explanation:
The computation is shown below:
a. For Account receivable days is
= Total number of days in a year × account receivable balance ÷ Sales
= 365 days × $50,000 ÷ $445,000
= 41.01 days
b. For inventory days
= Total number of days in a year × inventory balance ÷ Cost of Goods sold
= 365 days × $50,000 ÷ $280,000
= 65.18 days
c. For Account payable days
= Total number of days in a year × account payable balance ÷ Cost of Goods sold
= 365 days × $42,000 ÷ $280,000
= 54.75 days
d. For a cash to cash days
= Account receivable days + inventory days - account payable days
= 41.01 + 65.18 + 54.75
= 51.44 days
Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
