Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending Inventory and cost of goods sold. The following data ! available from the company records for the month of June 2020: Cost $ 90, eee 287,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $134, eee 520, eee 27,000 39, eee 540, eee The average cost-to-retail percentage is: Multiple Choice 655% 0 59.0% 0 0 CMN Inc. uses LIFO and has experienced increasing costs since its founding. CMN disclosed that the UFO reserve (also known as the UFO allowance) at the end of 2021 was $3 million. The balance sheet showed ending Inventory of $17 million at the end of 2021. What would the ending Inventory have been if CMN had always used FIFO? Multiple Choice $20 milion Loo 0 0 $17 million 0 $14 milion None of these wwer choices are correct Kunkle Company wishes to earn 7% annually on its investments. If Kunkle makes an investment that equals or exceeds that rate. It considers it a success. Assume that Kunkle invests $4.0 million and gets $800,000 in return at the end of each year for X years. What is the minimum value of number of years) for which Kunkle will consider the investment a Success? Assume that Kunkle can't invest for fractional parts of a year. (Ey of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD. 51 (Use appropriate factor(s) from the tables provided.) Multiple Choice O 5 years 0 7 years 0 2 years 0 4 years Present and future value tables of $1 at 3% are presented below. N F V $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.23eee 0.97087 1.000 2.97087 1.0300 1.00000 2 1 .06290 0.94260 2.300 1.91347 2.0909 1.97087 3 1.09273 0.915143 .09e92.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 3.71719 4.3091 3.82861 5 1.15927 0.86261 5.3091 4 .57971 5.4684 4.21710 6 11.19485 0.83748 6.46.845.417196 .6625 5.57971 7 1.22987 0.81309 7.6625 6.23028 7.89236 .41719 8 1.26677 0.78941 8 .8923 7.01969 9.1591 7.23028 9 1.30477 .76642 10.15917.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53e2e 11.80788 .78611 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 6.70138 14.192e 9 .95400 14.6178 10.25262 13 1.46853 8.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.66112 17.0863 11.296e7 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 1.68471 0.62317 20.1569 12.5611020.7616 12.93794 You want to invest $33,000 today to accumulate $37140 to buy a cat. If you can invest at an interest rate of 3% compounded annually, how many years will it take to accumulate the required amount? Multiple Choice