They paid $720
Here's why:
The formula to this is Interest = Principal x Rate x Time or i = prt
Principal = $2000
Rate = 12%
Time = 3 years
2000 x .12 x 3 = i PEMDAS
2000 x .12 = 240
240 x 3 = 720
i = $720
Answer:
The answer is 14!
Step-by-step explanation:
The total inventory is 200 + 300 + 400 + 100 = 1000. If 300 units remained, the we calculate the cost of the 700 sold via LIFO. These 700 units include the 100 units at $12.00, the 400 units at $11.00, and 200 units at $10.00 (out of the 300 purchased). This is a total cost of 100*12 + 400*11 + 200*10 = 1200 + 4400 + 2000 = $7600.
Answer:
the 3 one
Step-by-step explanation:
Answer:
Socratic app
Step-by-step explanation:
it will help you