The reduction in inventory value at Murray manufacturing is a source of cash
What is difference between use and source of funds?
A transaction is a use of cash if it requires more cash to be spent on its during the period under review whereas for a source of cash, there would a reduction in its cash usage for the company
In this case, inventory value fell from $100 in 2019 to $75 in 2020, reducing by $25, which means that inventory made use of lesser cash in 2020,releasing $25 for other uses, hence, inventory is a source of cash.
Find out more use or source of cash on:brainly.com/question/28341877
#SPJ1
The correct answer is market price.
Market price is the price that you normally pay when you want to buy something. This price is usually higher than what the store that is selling it got it from the manufacturer, because it is buying the product in bulks. You as a consumer will have to pay this price when all discounts, allowances, and rebates are subtracted.
Idk idk idk idk idk idk idk idk idk idk idk idk
Explanations:
The formula for future value given
deposit amount, A = 2000
deposit interest, i = 8% annually = 8/4 = 2%, compounded quarterly
compounding period = quarterly
number of periods, n = 15 years = 4*15 = 60 periods (quarters)
The future value is given by:
FV = A*((1+i)^n-1)/i
= 2000*(1.02^60/0.02)
= $228103.08 (rounded to the nearest cent).
The difference in the answer choice is probably due to the teacher's calculator does not have sufficient accuracy.