1.Use the following information to calculate the ending inventory cost on December 31 and the cost of goods sold for December under each of three methods: (a) FIFO, (b) LIFO, and (c) Weighted Average. Assume the periodic inventory system is used. (Show your work.) Dec. 1 Beginning inventory 1,000 units @ $7 5 Purchased 3,000 […]
74. Using the pure expectations approach to the determination of interest rates, calculate the expected (E) rate of interest of a one-year investment that will be available in 12 months’ time (1i1), given the following data: Current rate of return on a one-year-to-maturity (0i1) instrument: 7.75% per annum Current rate of return on a two-year […]
Kendra, Cogley, and Mei share income and loss in a 3: 2: 1 ratio (K’ share is 3/6, C’s 2/6 and M’s 1/6). The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. KENDRA, COGLEY, AND MEI Balance Sheet May 31 Assets Liabilities and Equity Cash […]
APPLICATIONi = 523.3 + 2.15SIZEi – 32.1RANKi + 1222COMMONAPPi (2.18) N=49 R2 =.724 R2 =.705 APPLICATIONi = the number of applications received by the ith college in 2007 SIZEi = the total number of undergraduate students at the ith college in 2006 RANKi = the U.S. News10 rank of the ith college (1 = best) […]
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