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mylen [45]
3 years ago
7

Your father paid $10,000 (cf at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then

an additional lump sum payment of $10,000 at the end of the 5th year. what is the expected rate of return on this investment? 7.88%
Business
1 answer:
andrew-mc [135]3 years ago
7 0
10,000 + 750 + 10,000 = 20,750 / 365 = 1 year = 4,150 . interest 4,150 ÷ 7.88 = 526.649746192834 $ amount
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Costs from Beginning Inventory Costs from Current Period
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Answer:

$30.59

Explanation:

<em>Note that the FIFO method is used for this question</em>

Equivalent Units

Materials =  5,200 x 100 % + 300 x 100 % = 5,500

Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525

Total Costs

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Cost per Equivalent unit

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Total Cost = $4.58 + $26.01 = $30.59

<u>Conclusion</u>

The cost of completing a unit during the current period was $30.59

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