Answer:
$740
Explanation:
The computation of phantom profit is shown below:-
According to FIFO,
Closing Stock = (390 × $12) + ( 40 × $11)
= $4,680 + $440
= $5120
According to LIFO
Closing Stock = (350 × $10) + (80 × $11)
= $3,500 + $880
= $4,380
Amount of Phantom Profit
= $5120 - $4,380
= $740
Therefore for computing the phantom profit we simply deduct LIFO from FIFO.
Answer:
The current price of stock is $31.94.
Explanation:
The stock price can be calculated by simply dividing the last paid dividend with net required rate of return of expected growth rate.
Growth rate = 0% (as sales not expected to grow)
Last Dividend = $5.75
Rate of return = 18% = 0.18
Price of stock = Last dividend / ( rate of return - growth rate )
Price of stock = $5.75 / ( 18% - 0% )
Price of stock = $5.75 / 18%
Price of stock = $5.75 / 0.18
Price of stock = $31.94
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The real interest rate = 5%
Inflation rate = (CPI 2013 - CPI 2012) / CPI 2012
= (231 - 220) / 220
= 11 / 220
= 0.05 or 5%
Real interest rate = nominal interest rate - inflation rate
= 10% - 5%= 5%
Hence, the real interest rate is 5%
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Once you have submitted the application, your lender will contact you for additional information, including your credit history and other relevant details. After reviewing this information, the banker may authorize or decline your loan request according to their discretion. If approved, you will then need to provide documentation such as an applicant profile form (IFS), proof of income/employer verification letter(s), bank statement showing funds available in account etc., before closing the transaction.
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Answer:
C. underallocated
Explanation:
Underallocated amount is that which did not match the actual overhead incurred and it is lower than the actual. While budgeting the estimated overheads are allocated to different departments / products using different basis. Total allocated amount then compared with the actual overheads incurred. Which ultimately result in under / over allocated overhead.
