Annual means compounded once a year. This statement is true. Compounded means gathered together. Example of annual are => Annual salary - In which your monthly salary is being calculated together to be able to have the total of annual salary. => Annual interest - in which the monthly interest is being add up together to get to annual interets.<span>Annual also known as yearly. Being calculated the total number of amount accumulated in one whole year.</span>
Answer:
PV= $31,794.12
Explanation:
Giving the following information:
Monthly payment= $600
Number of months= 5*12= 60 months
Interest rate= 0.05/12= 0.004167
<u>To calculate the present value of the monthly payments, we need to use the following formula:</u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= monthly payments
PV= 600*{(1/0.004167) - 1/ [0.004167*(1.004167^60)]}
PV= $31,794.12
Answer:
4.535 times
Explanation:
cost of goods sold = $9,565 million
ending inventory of = $2,233 million
average inventory = $2,109 million
Inventory Turnover = Cost of Goods Sold/Average Inventory
Inventory Turnover = $9,565 / $2,109 = 4.535 times
Answer:
economic production quantity= 2024.6 units
Explanation:
<em>The optimal production run is the economic batch units that minimizes the balance of set-up cost and holding cost. It can be determined by adjusting the economic order quantity (EOQ) model for gradual replenishment ,
</em>
EBQ = √(2× Co× D)/Ch(1-D/R)
EBQ- Economic /optimal production run
Co- set-up cost per run
Ch- holding cost per unit per annum
D- Annual Supply- 9800× 280
Production rate per day-5000
Optimal production run
= √(2× 320× 265×250)/11.50×(1-250×250/1650 ×250)
= 2024.6 units
Answer:
a. Dr Inventory $10,000
Cr Accounts payable $10,000
b. Dr Accounts payable $10,000
Cr Cash $9,800
Cr Inventory $200
Explanation:
Preparation of the Journal entries Under a perpetual inventory system,
a. Dr Inventory $10,000
Cr Accounts payable $10,000
( To record purchase of merchandise)
b. Dr Accounts payable $10,000
Cr Cash $9,800
($10,000-$200)
Cr Inventory $200
(2%*$10,000)
( To record payment for merchandise)
Discount amount = Amount due x Discount percentage
Discount amount= 10,000 x 2/10
Discount amount= $200
