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Day Five Questions

# Day Five Questions - 5-1A\$7,000 B\$4,200 C\$4,000 D\$3,500...

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Unformatted text preview: 5-1A\$7,000 B\$4,200 C\$4,000 D\$3,500 E\$4,500 5-2For 3-1, your ending inventory would be: A\$4,200 B\$4,000 C\$8,000 D\$3,500 E\$4,500 5-3A\$4,200 B\$4,000 C\$3,500 D\$7,000 E\$4,500 5-4A\$3,500 B\$45,000 C\$8,000 D\$4,000 E\$4,200 5-5A\$909,100 B\$45,000 C\$1,735,500 D\$826,400 E\$854,800 5-6A\$30,000.00 B\$56,450.00 C\$21,776.50 D\$18,958.00 E\$2,822.50 5-7Same question as 5-6 except the bank pays interest at 12% annually.You had a beginning inventory of 100 units purchased at \$50 each and on July 1 you purchased 50 more at \$60 each. On August 1 you sold 70 at \$100 each, Usin FIFO, your cost of goods sold for the year would be:If 3-1 had been done using LIFO, the cost of goods sold would have beenIf 3-1 had been done using LIFO, the ending inventory would have beenIf I wanted to have \$1,000,000 in two years and the bank paid interest at 10% compounded annually, how much would I need to deposit today?If you wanted to withdraw \$ 5,000 per year, starting in one year and contiuing for a total of 6 years and the bank paid interest at 10%, compounded annually, how much would you need to deposit today?A\$30,000.00 B\$56,450.00 \$56,450....
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Day Five Questions - 5-1A\$7,000 B\$4,200 C\$4,000 D\$3,500...

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