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Problem - The units of an item available for sale during the year were as follows:
January 10 Inventory 27 units @ $90
February 27 Purchase 54 units @ $98
July 11 Purchase 63 units @ $106
November 13 Purchase 36 units @ $115
There are 50 units of the item in the physical inventory at December 31. The periodic inventory system is used.
Required -
a. Determine the ending inventory cost by the first-in, first-out method.
b. Determine the ending inventory cost by the last-in, first-out method.
c. Determine the ending inventory cost by the average cost method.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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