I think the answer is B, but I am not sure.
Answer:
$1,161.46
Explanation:
In order to determine the current bond price we can use an excel spreadsheet and the present value formula: =PV(Rate,Nper,PMT,FV)
where:
- Nper = 14 x 2 = 28 (15 year bond issued 1 year ago = 14 years)
- Rate = 5.8% / 2 = 2.9% (semiannual payments)
-
PMT = ($1,000 x 7.5%) / 2 = $37.50
- FV = $1,000 (face value of bonds)
-
PV = ?
Current price =PV(Rate,Nper,PMT,FV) =PV(2.9%,28,37.50,1000) = $1,161.46
Answer:
The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:
= $450.
Explanation:
a) Data and Calculations:
On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.
Units Unit Cost Total Cost
Beginning inventory on January 1 320 $ 3.00 $960
Purchase on January 9 80 3.20 256
Purchase on January 25 100 3.34 334
Tota units available for sale 500 $1,550
Sales on January 26 350 $1,100
Ending inventory at January 31 150 $3.00 $450
Answer:
10%
25.14 years
Explanation:
A financial calculator can be used to solve these problems
PMT = $-1,100
PV = $5,355.26
FV = 0
N = 7
Compute I = 10%
PMT = $-25,000
FV = $1,387,311
I = 6%
PV = 0
Compute N = 25.14 years
