Do you have any more info
Answer:
gross profit under FIFO = $40,570 - $25,220 = $15,350
gross profit under LIFO = $40,570 - $26,340 = $14,230
gross profit under weighted average = $40,570 - $26,240 = $14,330
gross profit under specific id. = $40,570 - $26,070 = $14,500
Explanation:
sales revenue = (290 x $86.60) + (160 x $96.60) = $40,570
COGS under FIFO:
130 x $51.60 = $6,708
160 x $56.60 = $9,056
80 x $56.60 = $4,528
80 x $61,60 = $4,928
total COGS = $25,220
COGS under LIFO:
240 x $56.60 = $13,584
50 x $51.60 = $2,580
160 x $63.60 = $10,176
total COGS = $26,340
COGS under weighted average:
weighted average = [(130 x $51.60) + (240 x $56.60) + (100 x $61.60) + (180 x $63.60)] / 650 = $58.31
450 x $58.31 = $26,239.50 ≈ $26,240
COGS under specific method:
80 x $51.60 = $4,128
210 x $56.60 = $11,886
60 x $61.60 = $3,696
100 x $63,60 = $6,360
total COGS = $26,070
Answer:
The present value of your winnings is $9,410,263.59
Explanation:
Present value of annuity due=(1+rate)*Annuity[1-(1+interest rate)^-time period]/rate
=1.0975 x 990,000 [1-(1.0975)⁻²⁰]/0.0975
=990,000 x 9.50531677
=$9,410,263.59
If we're expecting 7.5% of an increase of our $3,000 in 40 years, then we need to figure out how much of an increase we will get for the 5 plus years.
1.We're constantly dividing until we get the left side to 5 (years).
7.5% -- 40 (Half of 40 is 20, so let's divide by 2 on both sides)
3.75% -- 20 (Half of 20 is 10, so let's divide by 2 on both sides)
1.875% -- 10 (Half of 10 is 5, so let's divide 2 on both sides)
0.9375% -- 5 (We've reached our goal!)
2. Now we have to plug in.
$3,000 x 7.5 = 22,500 (Initial)
Our New Problem with 45 Years Total:
Answer: $3,000 x 8.4375 = $25,312.5
(I never completed a problem like this before, so I hope that this helps. Goodluck.)
So they will want to buy them if someone sees a product they like and maybe feels a connection to buy it then they will buy it
