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Question - Azza's inventory account contains 50 computer monitors that were purchased for $75 each. These monitors were purchased for a specific client who ended up backing out on a contract. The monitors would have been sold for $150 each if the contract had continued. The monitors have been sitting in inventory most of the year and are now an out-of-date model. The monitors can be sold to an online overstock company for $30 each. Azza will have to pay $80 of shipping to have the monitors delivered to the online retailer's warehouse. If the monitors were purchased now from the manufacturer, they would cost $45 each.
On the Preliminary Trial Balance, Inventory has a $98,500 debit balance.
On the Post Closing Trial Balance, Inventory has a $60,400 debit balance.
Prepare end of year adjusting entries, corrections, and any other necessary entries.
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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CAPM and Venture Capital
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