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3 years ago

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You purchase an annuity due for $1,200. The annuity has 11 annual payments of 100 and a larger payment at the beginning of year

12. The effective annual interest rate is 3.50%. What is the present value at the end of the 8th year of the remaining payments?

1 answer:

romanna [79]3 years ago

8 0

Answer:

Give me brainliest pls! I neeed it to rank up jus pls do it!

Explanation:

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AP Mather sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Mather's pur

creativ13 [48]

Answer:

Method Ending Inventory // COGS

W/A 2,585.75 // 10,549.25

FIFO 2,620 // 10,515

LIFO 2,539 // 10,596

Explanation:

sales: 102 units

Sept. 1 Inventory 12 units $100 $ 1,200

Sept. 12 Purchases 45 units $103 $ 4,635

Sept. 19 Purchases 50 units $104 $ 5,200

<u>Sept. 26 Purchases 20 units $105 $ 2, 100</u>

Availalbe for sale 127 units $ 13, 135

Ending Invenotry 127 - 102 = 25 units

COGS will be calcualte as the difference between the cost of goods and the untis at ending inventory.

<u>Weigthed average:</u>

$13,135 / 127 units = 103,42519685 = 103.43 cost per unit

Ending Inventory: 25 units x $ 103.43 = $ 2.585,75

COGS : 13,135 - 2,585.75 = 10,549,25

<u>FIFO</u>

We sold the first, the last are ending invenotry

20 x 105 = 2,100 september 26th

5 x 104 = 520 september 19th

Ending 2,620

COGS 13,135 - 2,620 = 10,515

<u>LIFO</u>

We sold the last, the first are ending inventory

12 x 100 = 1,200 September 1st

13 x 103 = 1,339 September 12th

Ending 2,539

COGS 13,135 - 2,620 = 10,596

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3 years ago

The interest is tax deductible on a ....

arlik [135]

Answer:Home equity loans

Explanation:

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4 years ago

The December 31, 2018, balance sheet of Justin’s Golf Shop, Inc., showed current assets of $1,155 and current liabilities of $94

alekssr [168]

Answer:

The answer is $325

Explanation:

To calculate net working capital for 2019;

Current asset for 2019 minus current Liability for 2019.

Examples of current assets are cash, inventory, accounts receivable

Therefore, net working capital for 2019 is;

$1,370 - $1,045 = $325

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3 years ago

A customer has a total purchase of $84.75. She hands the person at the

Zolol [24]

Answer: The Customer Still owes 0.05

Explanation:

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If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a

Sliva [168]

Answer:

credit.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.

In the United States of America, if an individual or a patient purchase health insurance from a federal- or state-facilitated (sponsored) health insurance marketplace, then he or she is eligible for a premium tax credit payable by the internal revenue service (IRS).

This ultimately implies that, a premium tax credit is a refundable tax credit and it reduces the amount of money an individual or household would pay for his or her monthly health insurance payments when purchased through the health insurance marketplace.

An example is the Affordable Care Act (ACA) which was formally known as the Patient Protection and Affordable Care Act (Obamacare). It is a federal statute of the United States of America which was enacted by the 111th US Congress and signed into law by President Barack Obama. The Affordable Care Act (ACA) became effective on the 23rd of March, 2010 and it focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).

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3 years ago