please
answer all 4 multiple choice questionsHomework Answers
1.
Fourth option is the correct answer.
DEBIT: Cash for $; CREDIT: Revenue for $1500
DEBIT: Cost of goods sold for $1200; CREDIT: Invenotry for
$1200
2.
Days inventory outstanding = (Average inventory / cost of goods
sold) * 365
= ($504 / $2160) * 365
= 85.17 days
3.
PV = 87570
Nper = 18 * 12 = 216
PMT = 820
FV = 0
APR can be calculated by using the following excel
formula:
=RATE(nper,pmt,pv,fv)*12
=RATE(216,820,-87570,0)*12
= 9.0%
APR = 9.0%
4.
FV = 1000
Nper = 10 * 2 = 20
PMT = 1000 * 7% = 35
Rate = 6%/2 = 3%
Price of the bond can be calculated by using the following excel
formula:
=PV(rate,nper,pmt,fv)
=PV(3%,20,-35,-1000)
= $1074.39
Price of the bond = $1074.39
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please
answer all 4 multiple choice questions
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