Annuity due. Reginald is about to lease an apartment for 12 months. The landlord wants him to make the lease payments at the s
tart of the month. The monthly payments are $1 comma 300 per month. The landlord says he will allow Reg to prepay the rent for the entire lease with a discount. The one-time payment due at the beginning of the lease is $14 comma 778 . What is the implied monthly discount rate for the rent? If Reg is earning 1.5 % on his savings monthly, should he pay by month or make the one-time payment?
The sector that lost more jobs due to technological change is the Banking sector.
Technological improvement entails the advancement of technology in carrying out business activities supposed to be performed by employees.
The increase in use of software technology means that industries and jobs that relies on employees effort will now rely on computers.
Therefore, the sector which lost more job due to the technological changes is the Banking sector because more software technology are now used, thus resulting to lay-off of bank workers.
using the first in, first out method, the COGS is calculated based on the oldest price of the units in merchandise inventory:
6 units were sold on May 20th, 2 of them costed $20 (May 3rd purchase) per unit = $40, while 4 of them costed $24 (May 17th purchase) = $96. Total COGS = $40 + $96 = $136.
