An increase in the level of business optimism will generally: not change the loanable funds demand curve not change the loanable funds demand curve shift the loanable funds demand curve to the left. shift the loanable funds demand curve to the left. cause a movement both down the loanable funds demand curve. cause a movement both down the loanable funds demand curve. shift the loanable funds demand curve to the right. shift the loanable funds demand curve to the right. the supply of loanable funds to increase

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.