Answer:
$109,250
Explanation:
FIFO assumes that the units to arrive first, will be sold first. Therefore, inventory valuation is based on later or recent prices.
Step 1 : units in ending inventory
Ending Inventory = units available for sale - units sold
= 9,500
Step 2 : inventory value
Ending Inventory = 9,500 x $11.50 = $109,250
Answer:
inversely related.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount of money borrowed or securities purchased from an individual or a financial institution.
Generally, there exist an inverse relationship between bonds and interest rates.
Interest rates and the price of old or existing bonds are inversely related. Thus, an increase in the interest rate (cost of borrowing an amount of money rises) causes a fall or decrease in the price of bonds.
Answer:
$30,947.92
Explanation:
The computation of the net present value is shown below:
= Present value of all yearly cash inflows after applying discount factor + - initial investment
where,
The Initial investment is $74,000
All yearly cash flows would be
= Annual cost savings × PVIFA for 9 years at 8%
= $16,800 × 6.2469
= $104,947.92
Refer to the PVIFA table
So, the net present value is
= $104,947.92 - $74,000
= $30,947.92
Answer:
Wealth is an abundance of money and if you are good with your savings are a way you can get wealth
Answer:
21%
Explanation:
The formula to compute the annual rate of return is shown below:
= Annual net income ÷ average investment
where,
Annual net income equal to
= Annual revenues - annual expense
= $122,610 - $72,000
= $50,610
And, the average investment would be
= (Initial investment + salvage value) ÷ 2
= ($471,000 + $11,000) ÷ 2
= $482,000 ÷ 2
= $241,000
Now put these values to the above formula
So, the rate would equal to
= $50,610 ÷ $241000
= 21%
