Answer:
e. Short-term debt securities such as Treasury bills and commercial paper.
Explanation:
- A money market is an organized exchange market and were the participant can lend and borrow short terms high quantity debt security with an average maturity with less than and year. And thus enables the government and other institutions of the short terms securities.
Answer:
The year end closing inventory is $1256
Explanation:
The LIFO or Last In First Out method of inventory valuation follows that the latest or last purchased inventory will be the one that is sold first. Thus, under this method, the inventory that is purchased at start will be the one that will be left at the end and will form up the ending inventory.
The ending inventory of 24 units means that these units will comprise of inventory from the beginning of the period.
Thus, out of these 24 units, 8 units will be from the beginning inventory and the remaining from the first purchase (24 - 8 = 16).
The cost of ending inventory will be,
8 units at $49 per unit = $392
16 units at $54 per unit = $864
The total amount of closing inventory is = 392 + 864 = $1256
Answer:
Option b
Explanation:
In simple words, Decreased pay-up insurance program, minus fees and costs, enables the policy holder to obtain a reduced price of fully paying medical insurance. The claimant's hit age will assess the New Policy nominal value. As a consequence, the mortality payment is greater than those of the program which has expired.
The provision can involve restoring a percentage of the gross premiums charged, the plan's cash restitution cost, or a diminished reward dependent on premium collected until the policy has expired.
,Answer:
$168,700
Explanation:
The computation of the cash paid to suppliers is shown below:
But before that first we have to determine the purchase amount which is
As we know that
Cost of goods sold = Beginning inventory + purchase - ending inventory
$159,400 = $18,700 + purchase - $13,700
So, the purchase amount is $154,400
Now the cash paid to suppliers is
= Opening balance of account payable + purchase made - ending balance of account payable
= $22,500 + $154,400 - $8,200
= $168,700
We simply applied the above formulas
