Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
B
Explanation:
The Lower of Cost or Market Value Applies to the closing inventory and should be value at $103,700 Cost, which is the lower.
Answer:
It is a Bullet Loan
Explanation:
A bullet loan is a type of loan in which the principal that is borrowed and sometimes with the interest are paid back at the end of the loan period by the borrower.
Essentially, the flexibility in the terms mean that a borrower is going to be saving a large payment until the end of the repayment period and with this borrowers can get access to loans they wouldn't have been able to afford if such flexibility doesn't exist.
However, this type of loan can be extremely risk for the borrower especially if things didn't go as planned.
Answer:
iahdiahoaihoiahfoaihfhoihfoisoishfoiafhoihsfoiahsfoisahoiahsoiahsaohfoaihsfoiashfoishosihoihsoihsoiasoihsoishoishoisfhioshosfhosfihosfihisohsoihoihosifhoifhhf
Explanation:
