Answer:
present value = $7402.49
Explanation:
given data
time = 4 year
ordinary annuity = $2,250
interest rate = 5%
solution
we get here present value that is for 4 year with end of year $1,550 will be as
present value = 
...............1
here C1 to C3 is $2,250 and C4 is $1,550 and r is rate i.e 0.05
put here value and we will get as
present value = 
present value = $7402.49
Answer:
Units of Product XYZ must be produced during October are A) 1,400
Explanation:
Units of Product XYZ must be produced during October = Units of Product XYZ are sold during October + units of Product XYZ on hand October 31 - units of Product XYZ on hand October 1.
Gala Corporation has 300 units of Product XYZ on hand on October 1 and 500 units on hand October 31.
The company plans to sell 1,200 units of Product XYZ during October.
Units of Product XYZ must be produced during October = 1,200 + 500 - 300 = 1,400 units.
Answer:
A. 68,800
Explanation:
Cash balance at end of April is = Beginning cash balance on April 1st + Cash collection in April - Purchase of Materials in APril - Operating Expense in April - Capital Expenditures in APril = 14000 + 42000 - 7000 - 7000 - 5000 = 37000
Cash balance at end of May is = Beginning cash balance in May + Cash collection in May - Purchase of Materials in May - Operating Expense in May = 37000 + 45000 - 7200 - 6000 = 68,800
