The present price (year 0) of kerosene is $4.30 per gallon, and its cost is expected increase by 10% per year. (at the end of year 1, kerosene will cost $4.73 per gallon.) mr. garcia uses about 800 gallons of kerosene for space heating during a winter season. he has an opportunity to buy a storage tank for $600, and at the end of four years, he can sell the storage tank for $100. the tank has a capacity to supply 4 years of mr. garcia's heating needs. so, he can buy four years worth of kerosene at its present price ($4.30), or he can invest his money elsewhere at 6% interest. should he purchase the storage tank? assume that kerosene purchased on a pay-as-you-go basis is paid for eoy (end of year). (however, kerosene purchased for the storage tank is purchased now.)

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes