Calculate the future value of $10,000 received today and deposited for six years in an account which pays interest of 12 percent compounded quarterly
What will be an ideal response?
FV = 10,000{[(1.12/4 )6×4-1]/.12/4}=10,000{[(1.03 )24-1]/.03} = $20,328
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Harris, Inc
had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 160 units at $70 March 10 Sold 80 units June 10 Purchased 175 units at $77 October 30 Sold 175 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the last-in, first-out inventory costing method are used? A) $19,075 B) $13,475 C) $5,600 D) $17,850
Which of the followingstatements is true of the PayPal service Venmo?
A. A Venmo account is required to receive payments from friends or family. B. The email address of a recipient cannot be used to send payments through a Venmo account. C. A usability fee is charged when one uses his or her bank account or debit card with Venmo. D. Individuals are charged a standard 3% fee when they use their credit card with Venmo.
What purpose do currency linked options serve?
What will be an ideal response?
Kinsley Corporation manufactures numerous products, one of which is called Kappa03. The company has provided the following data about this product: Unit sales (a) 50,000 Selling price per unit$36.00 Variable cost per unit$26.00 Traceable fixed expense$470,000 ?Assume that the total traceable fixed expense does not change. If Kinsley increases the price of Kappa03 to $38.52, what percentage change in unit sales would provide the same net operating income as is currently being earned at a price of $36.00? (Your answer should be rounded to the nearest 0.1%.)
A. -24.9% B. -10.0% C. -6.0% D. -20.1%