Answer: a. 10%
Explanation:
The total number of days the property was used:
= 7 + 63
= 70 days
He used the property for personal use for 7 days out of that:
= 7/70
= 10%
That 10% cannot be deducted as rental expenses because he used these for personal use.
Answer:
5.65%
Explanation:
Last year a stock of $78.00 was bought
During the period of one year $2.70 was received in dividend and inflation averaged 3.2%
Today the shares was sold for $82.20
The first step is to calculate the nominal return
= ($82.20-$78.00+$2.70)/$78.00
= 6.9/78
= 0.0885×100
= 8.85%
Therefore, the approximate real rate can be calculated as follows
= 8.85%-3.2%
= 5.65%
Hence the approximate real rate of return on this investment is 5.65%
Answer:
$18,650
Explanation:
FIFO means first in, first out. It means its the oldest inventory that are sold first .
If the company sold 800 inventory, the 800 would be taken from the beginning inventory which is a total of 450 and the remaining 350 would be taken from the inventory produced in January.
Cost of goods sold
450×$22 = $9,900
350 ×$25= $8,750
$9,900 + $8,750 = $18,650
I hope my answer helps you
The computation shows that the amount that will be made will be $420.
<h3>How to compute the value?</h3>
From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.
It was then stated that if that land is converted to producing corn, which sells for $0.15/kg, approximately how much will the farmer make selling corn.
The amount made will be:
= 700 × 4 × 0.15
= 700 × 0.6
= $420
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