Homework Answers
Ques-5)
Days Inventory Outstanding = (Average Inventory/Cost of Goods sold)*365 days
= ($504/$2160)*365
= 85.17 days
Option 5
Ques-51)
Pre-Tax Equivalent Yield = Yield of Municipal Bond/(1-Tax Rate)
= 5.14%/(1-12%)
= 5.84%
Option 3
Ques-)
Calculating Monthly Payment using Excel function:-
![C9 fac =PMT(C3,C4,-C5,C6, C7) A B с D 1 2 0.67% 180 3 rate 4 nper 5 pv 6 [fv} 7 [type] 8 9 PMT 10 Interest rate No of Payment](http://img.homeworklib.com/questions/64595630-f392-11ea-a1b1-cb2b371dc51a.png?x-oss-process=image/resize,w_560)
So, Monthly Payment is $955.65
Option 5
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5 points Question Mario's Home Systems has sales of $2,820, costs of goods...
12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts...
12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario's to sell its inventory? 12) ______ A) 55.66 days B) 85.17 days C) 84.00 days D) 72.66 days E) 65.23 days
please answer all 4 multiple choice questions 5 points PQR Corp. sold $1,500 worth of goods...
please
answer all 4 multiple choice questions
5 points PQR Corp. sold $1,500 worth of goods and received immediate payment (the cost of goods sold was $1,200). What are the general journal entries to record this transaction? DEBIT: Revenue for $1,500; CREDIT: Cash for $1,500 DEBIT: Cost of Goods Sold for $1,200; CREDIT: Inventory for $1,200 DEBIT: Revenue for $1,500, CREDIT: Cash for $1,500 DEBIT: Inventory for $1,200; CREDIT: Cost of Goods Sold for $1,200 DEBIT: Cash for $1,500; CREDIT:...
11) A firm has total debt of $1500 and a debt–equity ratio of 0.35. What is the value...
11) A firm has total debt of $1500 and a debt–equity ratio of 0.35. What is the value of the total assets? 11) ______ A) $4285.71 B) $3500.00 C) $5785.71 D) $5250.00 E) $2025.00 12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario's to sell its inventory? 12) ______ A) 55.66 days B) 85.17 days C) 84.00 days D) 72.66 days E) 65.23 days
Mario's Home Systems has sales of $2,890, costs of goods sold of $2,230, inventory of $518,...
Mario's Home Systems has sales of $2,890, costs of goods sold of $2,230, inventory of $518, and accounts receivable of $437. How many days, on average, does it take Mario's to sell its inventory? 1 ο ο 65.42 days ο 55.19 days ο 83.62 days ο
please answer all 4 multiple choice questions 843.86 What is the monthly payment amount on a...
please
answer all 4 multiple choice questions
843.86 What is the monthly payment amount on a $100,000 home loan if the rate is 8.0% APR, and the loan is made for a 15-year period? 871.11 898.83 927.01 955.65 16 years Patrice plans to retire with $722,530 in the bank. The appropriate rate of return is 7.9%. If Patrice saves $13.200 every year, how soon can Patrice retire? 18 years 20 years 22 years 24 years marginal tax rate of 39%,...
please
answer all 4 multiple choice questions
5 points PQR Corp. sold $1,500 worth of goods and received immediate payment (the cost of goods sold was $1,200). What are the general journal entries to record this transaction? DEBIT: Revenue for $1,500; CREDIT: Cash for $1,500 DEBIT: Cost of Goods Sold for $1,200; CREDIT: Inventory for $1,200 DEBIT: Revenue for $1,500, CREDIT: Cash for $1,500 DEBIT: Inventory for $1,200; CREDIT: Cost of Goods Sold for $1,200 DEBIT: Cash for $1,500; CREDIT:...
Mario's Home Systems has sales of $2,890, costs of goods sold of $2,230, inventory of $518, and accounts receivable of $437. How many days, on average, does it take Mario's to sell its inventory? 1 ο ο 65.42 days ο 55.19 days ο 83.62 days ο
please
answer all 4 multiple choice questions
843.86 What is the monthly payment amount on a $100,000 home loan if the rate is 8.0% APR, and the loan is made for a 15-year period? 871.11 898.83 927.01 955.65 16 years Patrice plans to retire with $722,530 in the bank. The appropriate rate of return is 7.9%. If Patrice saves $13.200 every year, how soon can Patrice retire? 18 years 20 years 22 years 24 years marginal tax rate of 39%,...
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