Answer:
the cost of the merchandise sold for November if the company uses LIFO is c. $590
Explanation:
LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.
<u>Cost of the merchandise sold for November - Calculation</u>
November 4 : 10 units × $19 =$190
November 17 : 20 units × $20 =$400
Total =$590
Answer: b. unemployment rises but it would have risen by less if the Bank of Mokania had reduced inflation to 5% rather than 3%
Explanation:
There exists and inverse relationship between the unemployment rate and the inflation rate with the logic being that higher inflation means that the economy is doing better and people have more jobs and are demanding more goods and services hence the inflation.
If the inflation drops more than people were expecting it to therefore, unemployment would rise. As mentioned above, inflation and unemployment are negatively correlated so the more the fall in inflation, the higher the unemployment rate.
A fall in inflation to 3% would therefore mean a higher rise in employment than a fall in inflation to 5% which is less of a fall and so will lead to a smaller rise in unemployment.
Saves more than it spends.
Answer:
the initial principal balance is $100,000, but it will gain 2% simple monthly interest during 16 months = $100,000 + ($100,000 x 2% x 16) = $132,000
the mortgage loan's principal = $132,000
APR = 12%
n = 30 years or 360 monthly payments
1) using a loan calculator we can determine that the monthly mortgage payment (only principal + interest) = $1,357.77
2) since they will make 360 monthly payments, they will pay in total = $1,357.77 x 360 = $488,796.71
in total they will pay $$356,796.71 in interest
Answer:
The amount of the annual dividend on the preferred stock is $ 3.62.
Explanation:
This question requires us to calculate annual dividend on preferred stock. Annual rate of return on preferred stock and market value of share is given in the problem. We know that market value of stock is determine by dividing dividend that stock paid with market rate of return. Detail calculation is given below.
Market value = Dividend/Required Retrun
$ 48.96 = Dividend/ 7.4%
Dividend = $ 3.62
