Answer:
Maximum initial purchase that Carla can buy on credit is <u>$1455.08</u>
Explanation:
Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]
$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]
= $70 = P (1.326209535) * 0.142/12 / 0.326209535
= $70 = P * 0.0156934795 / 0.326209535
= P = $1455.08
So, the maximum initial purchase that Carla can buy on credit = $1455.08
Answer:
the answer is C
Explanation:
why ? the redemption is used for marketing to define or even to know how in the future your company reach their economic profit levels,and also to the shareholder benefits, so that's why when the company put on the market the outstanding stock , they decide how many any shareholder could get. they are looking always to increase their own business but if the company say that after redemption you must own less than 80% of his percentage ownership, its not common , nobody could get less even 50% of his own outstanding shares stock.
Answer: A $304
Explanation: LIFO means last in first out. It means it is the older inventory that is sold off first.
On November 1, total value of inventory = $20 × 5 =$100
On November 2, total value of inventory = $100 + ( $22 × 10) = $320
On November 6, total value of inventory = $320 +($25×6) = $470
On November 8, 8 units of inventory was sold. This would be taken from the older stock of inventory. These inventories are the those from November 1 and 2.
The remaining inventory after the sale = (7 × 22) + 150 = $304
