Answer:
$22,014
Explanation:
The computation of the cost of inventory is shown below:
= Purchase Cost of merchandise + transportation cost - returned goods - discount
= $23,000 + $650 - $1,200 - $436
= $22,014
The discount is computed below:
= (Purchase Cost of merchandise - returned goods) × discount rate
= ($23,000 - $1,200) × 2%
= $436
We simply added the transportation cost and deducted the returned goods and discount to the purchase cost of merchandise
Hope it helps! ///////////
It is a false statement that the marginal revenue curve for a monopolist is greater than the price because the monopolist faces a downward sloping.
<h3>Why is it a false statement? </h3>
The situation is that the marginal revenue curve for a monopolist are always less than the price.
This is because for each additional unit of output the marginal revenue is declining its results from the downward sloping market demand curve.
Therefore, the statement given is a false statement.
Read more about marginal revenue
<em>brainly.com/question/10822075</em>
Answer:
a. It is not a fair deal for me.
The question is how much is $1,000 today when received in 12 months' time from now. The present value of $1,000 at 5% effective interest rate is $952 ($1,000 * 0.952). The other repayment of $1,100 in 2 years' time from now is worth $997.70 today at the 5% effective interest rate. This implies that my friend is repaying me $1,949.70 in present value terms.
For friendship sake, I may lend her the money, but in economic analysis terms, the NPV value will yield a negative value of $50.30 ($2,000 - $1,949.70). My friend is not actually paying me back the amount I would lend to her. She is paying me less than I actually would lend to her.
b. Cash Flow Diagram:
Year 1 Year 2
F1 F2
$1,000 $1,100 (Inflows)
Fo⇵.................⇵.......................⇵...........................⇵n period
Year 0
$2,000 (outflows)
Explanation:
The cash flow diagram for this loan is the graphical representation of the timing of the cash flows with a clear marking of the repayments made by my best friend in two instalments and the $2,000 that I lent to her. This cash flow diagram presents the flow of cash as arrows on a timeline scaled to the magnitude of the cash flow, where outflows are down arrows and inflows are up arrows.
The Net present value (NPV) of this loan shows the difference between the present value of repayments by my best friend and the present value of $2,000 that I lent to her over a period of 2 years. To obtain this difference, the present values of cash inflows of $1,000 in a year's time and $1,100 in two years' time are determined using the discount factor table based on the given interest rate of 5%.
It is C because in a mixed market the people can manufacture goods and services and the government decides what price that good or service is going to be sold at
