Answer:
d) as a current liability
Explanation:
Current Liabilities are those liabilities which are payable within one years time e.g trade payable, tax payable etc.
The credit against the purchase of inventory is classified as the trade payable and it is paid in a short time, so it will be reported on the balance sheet in current liability section.
 
        
             
        
        
        
It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.
        
             
        
        
        
This is false again this can be classified as anything
        
             
        
        
        
Answer:
10.53%
Explanation:
In this question, we use the RATE formula that is shown in the attachment. Kindly find it below:
Data provided  
Present value = $34,500
Future value or Face value = $0
PMT = $4,200
NPER = 11 years × 2 = 22 years
The formula is shown below:  
= Rate(NPER;PMT;-PV;FV;type)  
The present value come in negative 
So, after solving this, the rate of return is 10.53%
 
        
             
        
        
        
Answer:
Correct answer is c. $211,555.
Explanation:
Here inventory cost means total ordering cost plus total carrying cost for they year. This can be determine by using simple EOQ (economic order quantity) formula given below.
EOQ =((2* Annaul Requirement * cost per order)/carrying cost per unit)^ (1/2)
EOQ = ((2*800,000*540)/(370*14%))^(1/2)
EOQ = 4,084 units
so
Total order cost = 800.000/4,084 * 540 = 196 (aprox) *540 = 105,840 -A
Total Carrying cost = 4,084/2 * (370*14%) = 105,776-B
Total Cost = A+B = $ 211,555 (aprox)