Question

5 points PQR Corp. sold $1,500 worth of goods and received immediate payment (the cost of goods sold was $1,200). What are th
5 points inventory outstanding? Marios Home Systems has sales of $2,820, costs of goods sold of $2,160, average inventory of
9.30% What is the APR on a loan of $87,570 for 18 years, which has a payment of $820 every month? 8.79% 9.0% 7.50% .750%
Question of $1,155.89 5 points What is the price of a bond with a par value of $1,000, 10 years to maturity and a 7% coupon rplease answer all 4 multiple choice questions
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Answer #1

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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