2. Matthew bakes apple pies that he sells at the local farmer’s market. If the price of apples increases, the a. supply curve fo
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Answer:
Note: The full question is attached as picture below
a. No of units Cost per unit Total Cost
Beginning Inventory 1,200 $8 $9,600
Add Purchase 35,000 $8 $280,000
Inventory available for 36,200 $8 $289,600
production
Less Inventory transferred to 33,200 $8 $265,600
production (16,600 Pairs*2 Heels)
Ending Inventory 3,000 $8 $24,000
b. Working capital will be reduced by: (3,000*$8)/2 = $12,000
Answer:
Please find the complete question in the attached file.
Explanation:
Use PMT for the interest amount computation
At first, the bulk of an initial premium is paid at the rate of interest, and that only the remainder of the small part is used for amortization. The very first three years schedule is shown below:
By the 49th payment, upwards of half of the initial amount borrowed would be the total principal paid. Using the formula CUMPRINC in excel, the entire principal payment is calculated twice.
Total Interest Expense
