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Question - Sullivan Corporation has determined its year-end inventory on a FIFO basis to be $512,000. Information pertaining to that inventory is as follows:
Selling price $526,000
Costs to sell 33,000
Replacement cost 449,000
Required - What should be the reported value of Sullivan's inventory?
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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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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