Your answer is 2730!!!!!!
She wouldn't owe her brother any money because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.
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Answer:
C) $22,727.
Explanation:
to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:
(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727
to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727
The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
The Banking Act of <u>1935</u> removed the Secretary of the Treasury and the Comptroller of the Currency from the governing board of the Federal Reserve.
<h3>What effect did the Banking Act of 1935 have?</h3>
The Banking Act of 1935 mandated additional changes to the Federal structure, including the establishment of the Federal Open Market Committee (FOMC) as a separate legal entity, the removal of the Treasury Secretary and the Comptroller of the Currency from the Fed's governing board, and the extension of members' terms to 14 years.
Check out the link below to know more about the Banking Act of 1935;
brainly.com/question/20348698
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