the costs of producing a minivan rise so the supply of minivans decreases.
Answer:
The cost of goods sold (income statement) should include 1 unit purchased on April 5 at $10.
The merchandise inventory account (balance sheet) should include the 4 units purchased later including their purchase date and specific cost:
- 1 unit purchased on April 10 at $12
- 1 unit purchased on April 15 at $14
- 1 unit purchased on April 20 at $16
- 1 unit purchased on April 20 at $17
What kind of business organization will best serve his or her interests.
All of the other decisions are very important, but unless you know what type of organization you want it will be hard to make other more important decisions about the business.
This is known as "excess reserves."
Many banks will choose to loan the excess reserves out to customers and earn money from the collected interest.
Homebuyer programs provide access to down payment funds to help more families take advantage of these record low-interest rates now. 3. Helps offset FHA premiums and mortgage insurance. Over the years, FHA has been the primary place for many first-time homebuyers to get a low-cost, low down payment loan.
