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Answer:
$2.90 per equivalent unit of conversion
Explanation:
equivalent units of conversion (under FIFO) = [units in beginning inventory x ( 1 - previous conversion rate)] + units started and completed + (units in ending inventory x conversion rate) = [80,000 x (1 - 20%)] + 250,000 + (30,000 x 10%) = 64,000 + 250,000 + 3,000 = 317,000 units
cost per equivalent unit of conversion = total conversion costs / total equivalent units of conversion = $919,300 / 317,000 units = $2.90 per equivalent unit
Answer:
The present value for each year is calculated at 4% interest. In this question the present value be the sum of the cash deposits plus the interest for each year.
Present Value
= Sum of cash deposits for each year + Interest for each year
= 23100 + 9240
= 32340
Explanation:
To calculate the sum of the cash deposits, add the deposit for each year.
(Year 1 to Year 21 = 23100)
To calculate the interest for each year, take the cash deposit for the year and multiply it by 4%. (Year 1 to Year 21 = 9240)
Refer to the attached spreadsheet to assist with the calculations and the answer given above.
Answer:
Larry won't have enough money to buy the car. FV= $16,923
Explanation:
Giving the following information:
The car will cost $20,000 at the end of the fifth year and Larry's Christmas bonus is $3,000 a year.
Interest rate= 10%
To calculate the future value at the end of tje fifth year we need to use the following formula. The last deposit is made at the end of the fifth year.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,000*[(1.10^4)-1]}/0.10 + 3,000= $16,923
Larry won't have enough money to buy the car.
Answer:
When entering the provider's Social Security number (SSN) or employer identification number (EIN) in CMS-1500 Block 25, a