The inventory account expected to have by December 31 is more than $5800. Option C
<h3>How to calculate the end inventory</h3>
The formula for end inventory is given as ;
Ending inventory = Beginning inventory + net purchases –sales
Beginning inventory = $5800
Net purchases = $65000
Sales = $112000
Put into the formula
Ending inventory = $ 
Add first,
Ending inventory = $ 
Ending inventory = $ -41, 200
Thus, the inventory account expected to have by December 31 is more than $5800. Option C
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5/40 = 1/8 so your taking it and dividing by 5
The total amount Ernest owes the bank after 9 months is $1,225.00
How many months of interest would be paid?
The fact the loan was taken for nine months means that the borrower, Ernest needs to pay interest for nine months, in other words, we would time-apportion the annual interest of 30% to determine the 9-month interest as shown below:
9-month interest rate=30%*9/12
9-month interest rate=22.50%
The amount Ernest is owing the bank is the principal borrowed plus the interest for 9 months as computed below:
total amount owed after 9 months=$1000*(1+22.50%)
total amount owed after 9 months=$1000*1.2250
total amount owed after 9 months=$1,225.00
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Answer:
6th period.
Step-by-step explanation:
The basic equation for interest is the investment amount(x) times the time in years(y) times the percent of interest(z).
That makes the equation:
x·y·z= amount with interest.
Lets plug in the numbers:
$900 x 1.5 x 2.4%
Now turn the percent into a decimal:
2.4% ----> .024
Now the equation is:
$900 x 1.5 x .024
Now do the math:
$900 x 1.5 = 1350
1350 x .024 = 32.4
1350 + 32.4 = 1382.4
The final answer is $1382.40
Hope this helps!
