Beginning inventory, purchases, and sales for item widget are as follows: mar. 1 inventory 200 units at $8 9 sale 175 units 13 purchase 160 units at $9 25 sale 150 units assuming a perpetual inventory system and using the first-in, first-out (fifo) method, determine (a) the cost of merchandise sold on march 25 and (b) the inventory on march 31. a. cost of merchandise sold on march 25 $ 1,325 b. inventory on march 31

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Potato flew around my room before you came