YOU EARNED 96,000 LAST YEAR YOUR EFFECTIVE
1 answer:
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Answer:
Discount rate will be 8.6 %
Explanation:
We have given that dividend = $8
And stock is given as = $92
We know that stock value is given by
We have to find the discount rate
Stock value
So discount rate %
So discount rate will be 8.6 %
Answer: $1,712
Explanation:
If the company uses FIFO it means that they sell their earlier inventory first. If there are 96 units on hand, it means that these 96 units would be the latest inventory.
That means that these 96 units comprise of:
- 86 units purchased on November 25 at $6.30 each and,
- 10 units from the November 17 purchase of 58 units at $6.05 each which means 48 units were sold from this purchase.
The units sold were therefore:
= (29 * 5.80) + (115 * 6.20) + (48 * 6.05)
= 168.20 + 713 + 290.40
= $1,171.60
= $1,712
