Answer:
Present value = $21,804 (approx)
Explanation:
Given:
Periodic payment = $3,200
Number of period = 12
Interest rate = 10% = 10/100 = 0.1
Present value = ?
Computation of Present value:
![Present\ value = PMT[\frac{1-(1+r)^{-n}}{r} ]\\\\Present\ value = 3,200[\frac{1-(1+0.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-(1.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-0.318630818}{0.1} ]\\\\Present\ value = 3,200[\frac{0.681369182}{0.1} ]\\\\Present\ value = 21,803.6188](https://tex.z-dn.net/?f=Present%5C%20value%20%3D%20PMT%5B%5Cfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-%281%2B0.1%29%5E%7B-12%7D%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-%281.1%29%5E%7B-12%7D%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B1-0.318630818%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%203%2C200%5B%5Cfrac%7B0.681369182%7D%7B0.1%7D%20%5D%5C%5C%5C%5CPresent%5C%20value%20%3D%2021%2C803.6188)
Present value = $21,804 (approx)
Answer:
There is something wrong with this question because October to February is not four months, it's five months.
We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).
- 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
- 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200
No option is correct.
Answer:
$241,500
Explanation:
Calculation for What amount should Sunland report as its December 31 inventory
December 31 inventory per physical count $190,500
Add Goods-in-transit purchased FOB shipping point $29,000
Add Goods-in-transit sold FOB destination $22,000
December 31 Inventory $241,500
($190,500 + $29,000 + $22,000 = $241,500)
Therefore What amount should Sunland report as its December 31 inventory is $241,500
Answer:
A) Yes
Explanation:
15 x 4 = 60 person capacity
60 - 2 = 58
58 - 6 = 52
52 - 8 = 44
44 - 8 = 36
36 - 10 = 26 person capacity left
Yes, you can accommodate everyone's reservation requests.