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Question - A company deposited $9,000 into an investment fund at the end of every quarter for 5 years. It stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at a rate of 5.00% compounded monthly.
a. What was the accumulated value of the fund at the end of 5 years? Round to the nearest cent
b. What was the additional accumulated value of the fund in the last 3 years?
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Compute the target selling price per unit under absorption costing.
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Determine the amount of Sunland Company inventory. Sunland Company follows the practice of pricing its inventory at the lower-of-cost-or-market
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