Answer:
Nominal growth= 10.93%
Explanation:
Giving the following information:
You have $675 today which is enough to buy 375 bottles of Diet Pepsi. The price of Diet Pepsi is expected to increase by 4% over the next year.
First, we need to find the dollar amount necessary to buy 400 bottles:
Unitary cost= 675/375= $1.8
New unitary cost= 1.8*1.04= $1.872
Total cost= 400bottles*1.872= $748.8
Now we can calculate the nominal rate of growth:
r= [(748.8 - 675)/675]*100= 10.93%
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Using the future value (FV) formula,
R = .10/12
N = 12*30
P = 400
Your future value would be $904,195.17
Answer:
Explanation:
(a) The computation of the cost of goods sold is shown below:
= Beginning inventory + Purchase of new merchandise - ending inventory
= $4,000 + $22,000 - $4,500
= $21,500
(b) In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
the bonds will recognize a gain for 3,500
Explanation:
The adjusted basis of the stock will be the value in Winkler books.
So selling at 7,500 will recognize gain for 3,500