A business just completed its year-end physical inventory count. According to the count, there was $36,600 of merchandise on hand. Last week, the business purchased merchandise from two suppliers, $7,500 and $5,300, both on terms of FOB Destination. Both shipments were in transit at year end with next week delivery dates. In addition, another business held $3,300 of our inventory on consignment at year- end that was not included in the physical count. How much inventory should be reported on the year-end balance sheet? Select one: . $41,400 O b. $33,300 O c. $49,400 O d. $52,700 O e. $39,900 Production equipment is purchased at the cost of $78,500. In addition, the company paid $2,580 in shipping costs, $1,690 to install the equipment, and a $859.00 insurance cost due to the new equipment. What will be the cost of the equipment on the balance sheet? Select one: o a. $82,770 O b. $83,629 O c. $90,239 O d. $81,049 $80,610 e. A business purchased merchandise at the cost of $35,000 on terms of 2/10 n/30 FOB shipping point. Afterwards, it returned $500 of inventory to its supplier. If the business paid within the discount period, how much did it pay to its supplier? Select one: O a $33,810 O b. $35,000 O c. $31,530 O d. $34,500 $32,380 O e. Which one of the following types of intangible assets have finite lifespans? Select one: O a. Trade Names O b. Trademarks O c. Goodwill O d. Patents e. Brands