Answer:
the current rate be on 2-year Treasury securities is 3.38%
Explanation:
The computation of the current rate on the 2-year treasury securities is shown below:
= {(1 + current interest rate) × (1 + increased current interest rate + liquidity premium)^(1 ÷ 2)} - 1
= {(1 + 3.25%) × (1 + 3.45% + 0.06%)^(1 ÷ 2)} - 1
= (1.0325 × 1.0351)^(1 ÷ 2)} - 1
= 3.38%
Hence, the current rate be on 2-year Treasury securities is 3.38%
Answer:
B. Partial performance.
Explanation:
Partial performance is the place one party finishes performance under an oral contract – may make the oral contract enforceable, regardless of the Statute of Frauds. A party must exhibit his performance was exclusively inferable from the oral contract.
Answer:
Option C She can claim an estimated value for the auto if the charity uses it rather than selling it
Explanation:
The reason is that the tax encourages you to make donations because the non for profit organization is doing the same thing which government does, they serve the people. So if the NGO is not selling the old car then the tax says that use the fair value of the asset as a amount donated to the charitable foundation. So the right answer here which includes the use of fair value is only Option C.
Answer:
COGS 463
Explanation:
FIFO method:
begining inventory: 10 units at $ 14
March 2nd purchases: 10 units at $ 26
March 6th purchases: 6 units at $ 21
It sold 23 units:
We will take units from the top, which are the frist units until fulfil the order.
23 - 10 units at $ 14 = 13
After using the beginning inventory, we are still short, so we use next units:
13 - 10 units at $ 26 = 3
we are still short by 3 units, so we move to next units:
3 - 3 units at $ 21 = 0
We use 3 units from the last purchase and we complete the request.
Now we calculate cost of goods sold
Total COGS:
10 x 14 = 140
10 x 26 = 260
3 x 21 = <u> 63 </u>
Total 463