Strodse company reported the following purchases and sales of its only product. strods uses a perpetual inventory system. determine the cost assigned to cost of goods sold using fifo. date activities units acquired at cost units sold at retail may 1 beginning inventory 250 units @ $10 5 purchase 270 units @ $12 10 sales 190 units @ $20 15 purchase 150 units @ $13 24 sales 140 units @ $21 multiple choice: a) $3,590 b) $7,690 c) $3,460 d) $4,230 e) $4,100.

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.