SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face
1 answer:
You might be interested in
Answer: The monthly payment will be $2007.81.
We have:
Cost of the sports coupe (PV) $84,500
Annual Percentage Rate (APR) 6.6%
Loan tenure in months (n) 48
We can find the monthly payment by using the Present value of an annuity formula:
Since APR is a yearly number, we need to convert it into a monthly rate.
So ,
Plugging values in the PV formula above we get,
Answer:
COGS overstated for 5,000
Explanation:
<em>The COGS will be overstated for the same ammount,</em> that is because of the inventory identity.
If ending Inventory has a problem, it will be transferred to COGS as well to equalize the formula
If ending Inventory is understated it means their alue is less than it's real value,
so to balance the formula COGS need to be overstated.