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Question - Maritime Audio Limited has 10 home audio systems on hand at January 1, which cost $325 each at the time of purchase. Maritime purchased 20 systems during the year for a total cost of $7,000. During the year, 25 systems were sold at a selling price of $579 each. According to the company's perpetual inventory system, the company had sold all of the systems that were on hand at the beginning of the year and 15 of the systems purchased during the year.
Required - Determine the following amounts in both units and dollars:
-Beginning inventory on January 1
-Cost of goods purchased during the year
-Cost of goods available for sale for the year
-Cost of goods sold for the year
-Ending inventory on December 31How to comprehend 5 and 6. I don't get how to do it
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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