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Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October, Vaughn made the following purchases of Unique's CDs.
Oct. 1 93,000 @ $8Oct. 2 54,000 @ $9Oct. 3 2,500 @ $6Oct. 9 3,500 @ $7
During October, 10,850 units were sold. Vaughn uses a periodic inventory system
Problem 1: Determine the cost of goods available for sale.
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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