The total inventory is 200 + 300 + 400 + 100 = 1000. If 300 units remained, the we calculate the cost of the 700 sold via LIFO. These 700 units include the 100 units at $12.00, the 400 units at $11.00, and 200 units at $10.00 (out of the 300 purchased). This is a total cost of 100*12 + 400*11 + 200*10 = 1200 + 4400 + 2000 = $7600.
The amount after time t will be given by simple interest formula given by:
A=prt/100
where:
principle,p=$175
rate, r=3.5%
time, t=5 years
thus the rate earned after 5 years will be:
A=(175*3.5/100*5)
A=$30.625
Answer: B] 30.65
Answer:
yes
Step-by-step explanation:
