PV and Inventory problems
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Problem #1
Sales are $112,000
COGS are 88%
Gross Margin $ are: $13,440
I think this is correct-----please confirm
Problem #2
Expense for January are $140,000
This expense is expected to increase 1.5% each month for the next 6 months
What is the cumulative expense on June 30
140,000 x (1.015)^6
140,000 x 1.0934491287 = $153,082.06---I think this is correct, please confirm
Problem #3
What is the present value of $10,000 paid annually for 10 years with a discount rate of 6%?
I'm stumped----please help!
Please provide detailed answer.
Problem #4 Complete file attached with spreadsheet----I'm thinking the difference has something to do with fuel shrinkage and the additive----but not sure. Please help!
Analyze and explain why the inventory record of ending balance doesn't = measured quantity.
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Solution Summary
The expert examines PV and inventory problems.
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