E6-23A. (Learning Objective 2: Compare gross profit-FIFO versus LIFO-falling prices) Suppose a Walmart store in Fillmore, Missouri, ended January 2024 with 900,000 units of merchandise that cost \( \$ 5 \) each. Suppose the store then sold 50,000 units for \( \$ 510,000 \) during February. Further, assume the store made two large purchases during February as follows: Feb \( 10 \quad \begin{array}{rr}10,000 \text { units @ } \$ 3.10=\$ 31,000 \\ 21 & 25,000 \text { units @ } \$ 2.20=\$ 55,000\end{array} \) Requirements 1. Calculaté the store's gross profit under both FIFO and LIFO at February 28. 2. What caused the FIFO and LIFO gross profit figures to differ?

We deposit \( \$ 17000 \) into an account earning \( 4 \% \) interest compounded semiannually. How many years will it take for the account to grow to \( \$ 42500 \) ? Round to 2 decimal places. \( \square \) years

Consider a credit card with a balance of \( \$ 9000 \) and an APR of \( 16.5 \% \). If you want to make monthly payments in order to pay off the balance in 3 years, what is the total amount you will pay? Round your answer to the nearest cent, If necessary.

Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is \( t=\square \) years. You may enter the exact value or round to 2 decimal places.

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What amount, \( A \), will our account have after 5 years if it earns an annual rate of \( 5 \% \) compounded quarterly if we started with \( \$ 650 \). Round to the nearest cent. \( A=\$ \)