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# A company lends its supplier \$

A company lends its supplier \$.

Can you explain and please give an example

20. A company lends its supplier \$158,000 for 3 years at a 8% annual interest rate. Interest payments are to be made twice a year. Each interest payment will be for:

19.On January 1, a company lends a corporate customer \$132,000 at 4% interest. The amount of interest revenue that should be recorded for the quarter ending March 31 equals:

a)

Purrfect Pets uses the perpetual inventory system. At the beginning of the quarter, Purrfect Pets has \$45,000 in inventory. During the quarter the company purchases \$10,150 of new inventory from a vendor, returned \$1,450 of inventory to the vendor, and took advantage of discounts from the vendor of \$350. At the end of the quarter the balance in inventory is \$34,000. What is the cost of goods sold?

a) \$21,650

b) \$19,350

c) \$11,000

d) \$21,150

A company lends its supplier \$

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