Shankar company uses a perpetual system to record inventory transactions. the company purchases inventory on account on february 2 for $22,000. in addition to the cost of inventory, the company also pays $420 for freight charges associated with the purchase on the same day. record the purchase of inventory on february 2, including the freight charges.

The answer is  passage 1.

Less then one year to achieve

The correct answer is:   6.99 billion (as 6.986 billion is rounded off (to nearest hundredth place)  to 6.99 billion)explanation: the given function is:   y = 6.2(1.01)^x (1)where x =    number of years after 2000it means that in 2012, the value of x would be 12 as the difference between 2012 and 2000 is 12 years.put x = 12 in equation (1): (1) => y =  6.2(1.01)^12 = 6.986 billion = 6.99 billion