Accounting Help for College and University Students

Calculating the total carrying cost, the restocking cost, and an optimal inventory policy.

The Wheeling Pottery Store begins each month with 1200 pots in stock. This stock is depleted each month and reordered. If the carrying cost per pot is $8 per year and the fixed order cost is $90, what is the total carrying cost? What is the restocking cost? Should Wheeling increase or decrease its order size? Descri ...continues

Calculating the present value.

The interest rate is 9 percent. What is the present value of $10 million to be received in 30 years?

Finding the value of free credit.

An auto dealership, KM Motors, is offering its customers free credit on a $10,000 car. The customer pays $4000 down and then the balance at the end of 2 years. A competing dealership, T Motors, does not offer free credit but will provide $500 off of the list price. If the interest rate is 10 percent, which company is offering ...continues

How much luxury and excitement can $37 billion buy? : Annual Spending

The Sultan of Brunei is reportedly the world's richest person, with wealth estimated at $37 billion. How much could the Sultan spend yearly for 40 years if he were to devote the entire $37 billion to leading a life of luxury?

Calculating the present value.

Suppose you retire at age 70, with a life expectancy of 20 more years, and you expect to spend $55,000 a year during your retirement. How much money do you need to save by age 70 to support this consumption plan? Assume an interest rate of 7%.

Calculating the net present value.

Suppose that you are in the real estate business. You are considering the construction of an office building. The land would cost $50,000 and construction would cost another $300,000. Assume for the moment that a $400,000 payoff is guaranteed. The office building is not the only way to obtain $400,000 one year from now. How ...continues

Calculating the monthly payments.

What will the monthly payment be if you take out a $100,000 15 year mortgage at an interest rate of 1% per month?

Interpretation of budget names.

What are accounts receivable budgets and what cash receipts budget means.

Statistical Techniques

I need help in trying to compute the range, compute the mean deviation and standard deviation for these numbers. 15,17,23,26,27,35,72,88,91,98,102 The numbers are (in hundred millions) Thanks.

Cost accounting - Strategic analysis

Hello, I realized that I didn't post enough information the first time, so I am re-posting with greater detail. The attached MS Excel file contains the original data for this problem. I have done some calculations, including an income statement (which I am sure is correct), and the elements of a balanced scorecard. I need ...continues