Tatum company has four products in its inventory. information about the december 31, 2021, inventory is as follows: product total cost total netrealizable value101 $ 120,000 $ 100,000 102 90,000 110,000 103 60,000 50,000 104 30,000 50,0001. determine the carrying value of inventory at december 31, 2021, assuming the lower of cost or net realizable value (lcnrv) rule is applied to individual products. 2. assuming that inventory write-downs are common for tatum company, record any necessary year-end adjusting entry.

Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.