Sanfillipo, inc., had 800 units of inventory on hand at march 1, 2018, costing $20 each. purchases and sales of inventory during the month of march were as follows:

date purchases sales
march 8 600 units
15 400 units @ $22 each
22 400 units @ $24 each
27 400 units

sanfillipo uses the periodic inventory system. according to a physical count, 600 units were on hand at the end of march.

the cost of inventory at the end of march applying the fifo method is:

Morris borrowed $9,000 from a credit union at 13% simple interest for 42 months. what were his money installment payments?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: