Answer:
$3540.
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Ending inventory comprises of goods bought in May, September and November
cost of the ending inventory :
(4 x $130) + (12 x $135) + (10 x$140) = $3540
Answer:
The total monthly payments that are deductible by Duron are:
$1,200 each month for the next 10 years.
Explanation:
According to the IRS rules, if Duron pays his ex partner payments each month which are not documented by the court, the money is not tax deductible. Therefore, it is beneficial for Duron to receive a court order to pay the additional alimony if Duron plans on enjoying a tax deduction for the additional spousal support of $200.
Answer:
c.long-range time horizon.
Explanation:
Forecasts consider long-range time horizon to improve accuracy and provide more authenticity.
Answer:
6.4%
Explanation:
For computing the minimum yield on investment, first we have to find out the combined ratio which is shown below:
= Projected loss percentage + expense ratio + dividend percentage
= 77.5% + 23.9% + 5%
= 106.4%
So, the minimum yield on investment required is
= 106.4% - 100%
= 6.4%
The 100% is the percentage value
We simply applied the above formula
Answer:
Long-term fixed-rate plan-$220,320.00
Short-term variable-rate plan-$224,280.00
The long-term fixed-rate plan is less costly as it has a lower interest expense
Explanation:
Total interest under the first plan=principal amount*interest rate*3 years
principal amount is $720,000
interest rate is 10.20%
total interest expense=$720,000*10.20%*3=$220,320.00
Interest expense under second plan=($720,000*8.50%)+($720,000*12.90%)+($720,000*9.75%)=$224,280.00
