A retailer uses a stock-counting-based physical inventory system. Its beginning inventory on January 1 is 370 units and total purchases in January are 155 units. Sales for January are 265 units
A physical count of goods as of February 1 reveals 243 units. Stock shortages for the period equal _____.
a. 10
b. 17
c. 29
d. 98
b
Business
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Why is it important to convert interest rates into the APY on different accounts and with different banks?
A) Some banks and accounts pay higher advertised rates. B) The same advertised rate will vary with different compounding periods. C) The Truth in Savings Act of 1993 omits this comparison. D) With FDIC Banks it is not necessary to convert interest rates for comparison.
Business
An investment pays 9% compounded annually. Compute the amount that must be invested each year for 5 years to have a total accumulation of $40,00 . . Use Tables 23-1A and 23-1B or a calculator
Business