The following units of an inventory item were availate for sale during the year. Uhe this indormation to answer the following question.egnng ventaryFtchaeSecond purchaneThed purchase10 unts at 5525 unts at se20 units at s15 ts atThe firm uses the perlodic invertory system. During the year, 60 units of the item were sold.The value of ending inventury using LIFO is1.350S1.1501.250

LIFO method of inventory valuation values ending inventory by taking the rate per unit from the…

Answered: The fullowing unts of anventary item…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Click here to view factor tables What is the present value of 9 receipts of $2,720 each received at the beginning of each period, discounted at 9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) The present value $
IV. EXERCISES Directions: Complete the table by finding the unknown values. P im Interest Compounded t j 2000 (1) Semi anually (2) (3) (4) 5000 (6) (7) (8) 5 yrs and 3 mos (9) Quarterly m 2 n Ic (5) 500 F 2800 (10) Page 12
A debt of $8866.59 is repaid by payments of $1211.36 in 3 months, $1326 43 in 14 months, and a final payment in 29 months. If interest was 6% compounded monthly, what was the amount of the final payment? CHOD The final payment is $ (Round the final answer to the nearest cont as needed Round all intermediate values to six decimal places as needed)
calculate Compounding interes $2900 at 4.75%, monthly for 8 months тоже # 2500 at 22% for 12 months Aman & to 012 20122 A 30
3
Which of the following obligations ismore valuable at 5% and by howlarge? (A) 2,700 due without interestat the end of 4 years (B) 1,770 at 7%due at the end of 2 years.
A8
Gooduoill and haly 4last during is to be calculated at one yeor purchoue years. Byears and average easned The and 20,000 losses 2yeass_ Hesed and * 2,00 last The amout uf will beg
O Au TunGestmet that beas a materity value of $4,000 cud cs discounted 4 years deud 6 months before maturity at 3020%% CcomPoem ded Çeui-aunuully. Calculate Hte discout llalwe caf the Infestunt. |Reud to fte nearert Ceut Calculate Hthe amout Cay cchich the money is discourtecd Reend to tte hreerest Cent
Connorhas $58,024inasavingsaccount. Theinterestrateis 5%peryearandisnotcompounded. Tothenearestdollar, howmuchwillhehaveintotalin 3months?
Find the equated date at which the originat payments are equivalent to the single payment State your answer in years and months (from 0 to 11 months) Original Payments Single Payment $1047 00 due today and $1308.00 due in 4 years Interest Rate 5% Frequency of Conversion semi-annually $2624 59 In year(s) and month's) the single payment will be equivalent to the original payments
For the given series of payments starting from year 0 to 10, find the equivalent amount at уear 7: i = 5% i = 4% A=500 0 1 3 7 8 9 10 2 --.

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