Answer:
COGS for 2018 : 119,300
Explanation:
We use the inventory identity to solve for Cost of Goods Sold:
The right side are the input of inventory: it can be from previous prior and purchase from the period. And the left side are the destination, it can be on stock or sold.
We plug our values into the formula and solve for COGS
100,000 + 27,000 = 7,700 + COGS
COGS = 100,000 + 27,000 - 7,700 = 119,300
Answer:
Amortization schedule is attached.
Explanation:
Key matrix
Present value annuity factor
Rate = 12%
Terms = 3 years
Annuity factor = 2.408 (this can be derived from present value table - annuity factor)
Annual payment = 32,000/2.408
Annual payment = $13,323.17
Answer:
the annual required rate of return is 9.57%
Explanation:
The computation of the required rate of return is shown below:
Given that
Future value = $1,000
Present value = $990
PMT = $1,000 × 9% = $90
NPER = 2
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the annual required rate of return is 9.57%
