The following information pertains to hague corp.’s year 2 cost of goods sold: inventory, 12/31/year 1 $180,000 year 2 purchases 248,000 year 2 write-off of obsolete inventory 68,000 inventory, 12/31/year 2 60,000 the inventory written off became obsolete because of an unexpected and unusual technological advance by a competitor. in its year 2 income statement, what amount should hague report as cost of goods sold?

Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction

What two things do you consider when evaluating the time value of money

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan