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Beginning inventory, purchases, and sales data for portable DVD players are as follows:
April 1
Inventory
120 units at $39
6
Sale
90 units
14
Purchase
140 units at $40
19
110 units
25
45 units
30
160 units at $43
The business maintains a perpetual inventory system, costing by the first-in, first-out method.
a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale.
b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method?
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First National agrees to act as Interstate's mortgagee, and Interstate obtains an insurance policy from Good Hands to cover the property. A fire totally destroys the warehouse.
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The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,081.82, what is the yield that Trevor would earn by selling the bonds today?
You financed $10,500 and are making regular payments of $285.00 over the 4 year life of the loan. You would like to pay off the loan a year early. Calculate the unearned interest by.
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