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Problem -
REI carries the "Desert Rat' hiking boot whose sales are directed at Sonoran desert areas such as Arizona. The Scottsdale REI store uses a perpetual inventory system for tracking its inventory of boots. Its beginning inventory, purchases and sales for May are as follows.
Notice: Goods Available for Sale = Units Sold + Units in Ending Inventory
Requirements:
1. Calculate the dollar Cost of Goods Available for Sale.
2. Apply the LIFO and FIFO methods of inventory costing to calculate the dollar value of ending inventory and cost of goods sold.
3. Compute gross profit for each of the costing methods.
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?
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Create a cost-benefit analysis to evaluate the project
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