When central planners in a command economy end up having a huge surplus of shoes and widespread shortages of bread in their economy, they have failed to attain allocative efficiency.
Describe some instances of economy.Traditional economies, which use a country's traditions and history to direct the production and distribution of products, are a prominent example of economies. Agriculture, fishing, and hunting form the foundation of traditional economies.
How does an economy function?In order to create a network of markets that are made up of buyers and sellers, an economy must first exist. These markets for economic resources distribute limited resources among the participants. Macroeconomics is typically how we think of an economy when we consider a nation.
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XYZ Company made a mistake in counting its ending inventory. Determine which of the items below will be affected by this error. (Check all that apply.)
Multiple select question.
a. Revenues
b. Long-term assets
c. Net income
d. Current assets
e. Cost of goods sold
The items that will be affected by the mistake in counting the ending inventory are d. Current assets, e. Cost of goods sold and c. Net income.
d. Current assets: Ending inventory is a component of current assets on the balance sheet. If the ending inventory is overstated or understated, it will affect the total current assets amount.
e. Cost of goods sold: The cost of goods sold is calculated by subtracting the ending inventory from the beginning inventory, plus the cost of purchases. If the ending inventory is overstated, the cost of goods sold will be understated, and vice versa.
c. Net income: Net income is calculated by subtracting all expenses, including the cost of goods sold, from revenues. If the cost of goods sold is understated, net income will be overstated, and vice versa.
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Which of the following items are plant assets? (Check all that apply.) O Land held for investment O Equipment being used in operations O Equipment with no value O Building being used for operations
The plant assets are as follows:
(A) Equipment being used in operations.
(C) Building being used for operations.
What are plant assets?Capitalized plant assets include real estate, improvements to real estate, buildings, improvements to buildings, software, donated equipment, fixed equipment, moveable equipment, other assets, and other expenditures that fit the criteria.
Plant assets are included in the long-term assets category of the reporting entity's balance sheet under the property, plant, and equipment line item.
The asset's reported value may be offset by the line item's cumulative depreciation in the presentation.
Plant assets include buildings and equipment that are employed in operations.
A fixed asset is usually referred to as a plant asset.
Examples include equipment and machinery, real estate and buildings, furniture, computers, copyright, and automobiles.
Therefore, the plant assets are as follows:
(A) Equipment being used in operations.
(C) Building being used for operations.
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Correct question:
Which of the following items are plant assets? (Check all that apply.)
Multiple select questions.
a. Equipment being used in operations
b. Land held for investment
c. Building being used for operations
d. Equipment with no value
true/false. frequently, given the choice between investing in a nation with a lower gni/capita but a high growth rate, and a nation in which the conditions are reversed, management will choose the former.
True, Frequently, given the choice between investing in a nation with a lower Gross National Income (GNI) per capita but a high growth rate, and a nation in which the conditions are reversed, management will choose the former.
This is because a nation with a lower GNI per capita and a high growth rate are considered to have more potential for economic growth and profitability in the long term.
The high growth rate indicates that the economy of the country is expanding rapidly, which can lead to increased investment opportunities, increased demand for goods and services, and a growing market for businesses.
On the other hand, a nation with a higher GNI per capita but a low growth rate is considered to be more mature and developed, with fewer opportunities for economic growth and profitability.
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What can be learned from the journal EPA providing research funding to Colorado small businesses to develop technologies for wastewater reuse and microplastic identification?
The U.S. Environmental Protection Agency (EPA) has awarded two Colorado small businesses, Sporian Microsystems Inc. in Lafayette and J-Tech LLC in Lakewood,
What does the EPA (Environmental Protection Agency) do?The Environmental Protection Agency funds and carries out research, develops and enforces environmental legislation, and guards against serious health threats to people and the environment.The U.S. Environmental Protection Agency (EPA) has awarded two Colorado small businesses, Sporian Microsystems Inc. in Lafayette and J-Tech LLC in Lakewood, $100,000 each for the development of innovative environmental technology linked to the identification of microplastics and wastewater reuse.Following the science, the law, and being transparent are the three EPA principles that are renewed in the Plan, which also adds a fourth fundamental concept called advancing justice and equitable.To learn more about Environmental Protection Agency (EPA) refer to:
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Dakota, inc. purchased raw materials worth $8,000 on account. the journal entry to record the purchase of raw materials on account is .
On account, Dakota, Inc. bought raw materials totaling $8,000. Debit Raw Materials Inventory, $8,000; credit Accounts Payable, $8,000 is the journal entry to reflect the purchase of raw materials on credit.
What significance does the raw material inventory have?The stock of components that a corporation has that have not yet been used in the creation of a finished good is referred to as its "raw materials inventory."
The raw material inventory lists the supplies that the company has produced or bought for use in manufacturing products. Of course, they are the essential conditions set forth by the business for the production process. Such components may be included in both direct and indirect products.
Is the raw material inventory negative or positive?On a balance sheet, raw materials are often recorded as an inventory asset. A debit is made to the accounts payable account and a credit is made to the raw materials inventory account when registering raw materials.
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Which of the following statements concerning confidentiality of IACUC business is false?
A. Trade secrets, processes, operations, and style of work may not usually be revealed by IACUC members.
B. It is against the law for an IACUC member to use information gained during IACUC meetings to his or her financial advantage.
C. It is unlawful for any IACUC member to release certain confidential information about the research facility in some situations.
D. Confidentiality requirements prohibit IACUC members from reporting violations of the Animal Welfare Act Regulations or PHS Policy.
Confidentiality requirements prohibit IACUC members from reporting violations of the Animal Welfare Act Regulations or PHS Policy ---- False
Option D is correct .
What is the IACUC's regulation for?The Institutional Animal Care and Use Committee is tasked with ensuring that appropriate university, national, and international policies and regulations are adhered to in order to promote the humane treatment and use of animals. Members of ACUC are required to maintain confidentiality and refrain from disclosing trade secrets or proprietary information regarding AWA-regulated activities and species, or else they run the risk of incurring fines and damages for disclosing such information.
Who sets rules for the IACUC?The IACUC is a self-regulating organization that is supported by two sources: The Animal and Plant Health Inspection Service , which is run by the USDA and covers the Animal Welfare Act and its amendments
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which is one of the steps taken by eddie lampert in response to the problems faced by sears holdings corporation?
He implemented a decentralized organizational structure in response to the problems faced by sears holdings corporation
A framework known as an organisational structure explains how specific tasks are handled in order to achieve a strategic aim. Rules, obligations, and duties apply to these actions. The organisational structure also controls how information moves across company departments. The organisational structure of a company also dictates how information is passed between organisational levels. A framework known as an organisational structure outlines how certain activities need to be completed in order to achieve an organization's goals. These activities could include rules, positions, and duties.
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if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, then the forecast is given in
if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, then the forecast is given in terms of an expected appreciation of the dollar relative to the peso.
An appreciation of a currency means that the value of the currency has increased in relation to another currency. In this case, if a dollar currently purchases 12.5 pesos and someone forecasts that in a year it will purchase 14 pesos, that means the value of the dollar is expected to increase relative to the peso. In other words, the forecast is saying that the dollar will be stronger compared to the peso in the future. This means that the dollar will be able to purchase more pesos than it currently can.
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using standard fannie mae guidelines, a borrower with a total gross monthly income of $8,000 may have total monthly debt obligations that do not exceed
A borrower with a total monthly income of $8,000 is allowed of having total monthly debt obligations as long as they don't go over 43% of their gross monthly income, according to Fannie Mae regulations. This means that the borrower's total monthly debt cannot exceed $3,440.
What do you mean by Fannie Mae guidelines?
Fannie Mae guidelines refer to the rules, regulations and standards that Fannie Mae, a government-sponsored enterprise, has set for mortgages and other forms of home loan financing. The guidelines apply to all types of mortgages, including conforming, jumbo and government-backed loans, and they serve to protect borrowers, lenders and the mortgage industry as a whole. Fannie Mae guidelines dictate the eligibility requirements that lenders must follow in order to offer loans and they also set the standards for loan documentation, underwriting and closing. The guidelines also set the maximum loan limits for conforming loans and outline the requirements for loan servicing and securitization. Fannie Mae guidelines help to ensure that borrowers receive fair and responsible lending practices and that lenders remain compliant with industry guidelines.
So, The required answer is $3,440.
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suppose that georgiania was a thriving empire in its golden age. business was booming and it was the center of international trade under the leadership of emperor raphael iii. his empire's pride and joy was the trading of green and black tea, and he decreed that their entire economy should be built around it. however, in the mid 1800s, georgiania experienced a severe economic downturn when the other nations of the world created an embargo on tea from georgiania, which led to civil strife due to thousands of workers being laid off.
The emperor and his advisors attempted to fix the situation by diversifying their economy. They opened up their ports to international trade, began to invest in new and innovative industries, and encouraged entrepreneurship.
What is economy?
Economy is the study of how individuals, businesses, governments and other organizations allocate resources to meet their needs. It examines how these entities produce, exchange, distribute and consume goods and services, and how these activities are affected by economic and political factors. It also investigates the impact of economic activities on people's livelihoods, including income, employment, wealth, poverty and inequality. It takes into account the factors that influence economic growth, such as technological change, capital accumulation, labor supply, and quality of resources.
They also developed infrastructure such as roads, bridges and railways to improve transportation and communication. These efforts began to bear fruit and the economy slowly began to recover. By the beginning of the 20th century, Georgiania was once again a prosperous nation.
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Registration of an investment adviser automatically confers registration on
I. officers, partners, and directors of the firm who are functioning as IARs
II. any employee who is functioning as an IAR
III. clerical employees handling back-office operations
IV. an employee who will be soliciting clients for the adviser
A)
I, II, and III
B)
I and III
C)
I only
D)
I, II, III, and IV
D) I, II, III, and IV are correct . I. officers, partners, and directors of the firm who are functioning as IARs
II. any employee who is functioning as an IAR
III. clerical employees handling back-office operations
IV. an employee who will be soliciting clients for the adviser
Registration of an investment adviser automatically confers registration on officers, partners, and directors of the firm who are functioning as IARs (Investment Adviser Representative), any employee who is functioning as an IAR, clerical employees handling back-office operations and an employee who will be soliciting clients for the adviser. This is because, investment advisor regulations and laws requires that any person who gives investment advice on behalf of the firm, whether they are officers, partners, directors, or employees, must be registered as an IAR.
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thus far, we have assumed that each value has equal weight, or importance, but that is not always the case. suppose a stock is expected to have a return of either 2%, 8%, or 35%. the simple, arithmetic average is
Since each number has thus far been given equal weight or importance, the return can be either 2%, 8%, or 35% when all values are averaged.
What does the phrase "avg. over" mean?
To produce a result that is balanced and even when taken into account throughout time; average out; averages out. The oddities leveled off as the investigation went on. By dividing the total number of values by the entire sum of all the numbers, the average can be computed. A mean is the mathematical average of a set of two or more data items. Common names for average include mean and arithmetic mean. The term "mean" simply represents the average of the sample.
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u.s. gross domestic product (in contrast to gross national product) measures the production and income of. true or false
In contrast to gross national product, U.S. gross domestic product measures the output and income of people and businesses that are located within the country's borders.
What distinguishes the United States' gross domestic product (GDP) from its gross national product (GNP)?GDP counts the commodities and services that are generated inside a nation's borders by both domestic and international workers. The GNP only includes products made in the United States, both domestically and abroad.
Why is the gross domestic product different from the gross national product?Identify the differences between the GDP and the gross domestic product (GDP) (GNP). The value of all finished goods and services produced inside a nation's borders is estimated using the GDP statistic. The gross national product (GNP) is the total value of goods and services that a nation produces over time, both inside and outside of its boundaries (GNP).
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1. CengageNOWv2 is a comprehensive online learning tool. Using CengageNOWv2, you may access all of the following except:-Homework-Grades-eReader and study tools-College transcript
CengageNOWv2 is a comprehensive online learning tool. Using CengageNOWv2, you may access all of the following except the College transcript.
CengageNOWv2 is an online learning tool that provides students with various resources to aid in their studies. It includes features such as homework assignments, grades, eReader, and study tools. These resources are designed to help students better understand the material and improve their performance in class.
However, CengageNOWv2 does not provide access to a student's college transcript. A college transcript is a record of a student's academic history and includes information such as the courses taken, grades received, and degrees earned. This information is typically only available through the college's registrar's office and is not included in CengageNOWv2's resources.
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The complete question is -
What are the features available in CengageNOWv2 and what is not available in it?
Which one of the following is an example of a business-to-consumer (B2C) application of the Internet of Things (IoT)?
- Health monitoring
- Supply chain management
- Virtual workplace
The following is an example of a business-to-consumer (B2C) application of the Internet of Things (IoT):- Health monitoring.
The term IOT, or Internet of Things, describes the various internet-connected gadgets that are used in the modern world to collect and distribute specialised data. Once it can be connected to the internet to manage its data, any physical thing can function as an IOT device. The business will not profit from traffic-monitoring software since it provides utilities, critical infrastructure, or environmental services.
The concept of the Internet of Things refers to a substantial network of people and interconnected objects. They gather and share knowledge about their environment and their use. It is heavily dependent on numerous important IoT elements, including connectivity, analysis, integration, and active participation. Several of them are listed below: Connectivity: Establishing a secure connection between all IoT objects and IoT platforms, which can be servers or clouds, is known as connectivity. However, all full IoT systems are the same because they combine four different components: sensors/devices, connectivity, data processing, and a user interface.
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in the net advantage to leasing calculation, all cash flows (except salvage value) are discounted at the firm'
In the net advantage to leasing calculation, all cash flows (except salvage value) are discounted at the firm's after-tax marginal cost of borrowing.
A cash flow is a physical or virtual movement of money: in its most basic form, a cash flow is a payment (in a currency), often from one central bank account to another.
The phrase 'cash flow' is most commonly used to represent payments that are projected to occur in the future, are hence unknown, and must thus be forecasted using cash flows. However, it is common to use cash flow in a broader meaning to describe (symbolic) payments into or out of a firm, project, or financial instrument.
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when paying by ebt, all items priced by weight are charged a 10% weight debit surcharge. if the final price is less than what you paid at checkout, we will refund the difference
When paying with SNAP and/or EBT Cash, a 10% weight debit surcharge is charged to items that are priced by weight.
What is surcharge?A surcharge is any additional fee, tax, or charge that is tacked onto the cost of a good or service above and above initial price that was provided. A surcharge, which is commonly added to an already-applied tax, is not included in the quoted price of the good or service. A surcharge may have a wide price range and be either a fixed amount or a percentage of A governing body may impose this tax to generate more revenue or pay for the cost of increasing commodity prices. They might also be based on a percentage of the total cost, which is typically a negligible portion of the expense. It is not taxed because the surcharge is only applied to the retail price.
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if ending inventory is less than the account balance of merchandise inventory, the inventory adjustment will include a credit to income summary. T/F?
It is true that if ending inventory is less than account balance of merchandise inventory, inventory adjustment will include credit to the income summary.
What is ending inventory?A company's ending inventory is the value of its remaining inventory of goods at the end of an accounting period. The financial worth of ending inventory can be calculated using a variety of valuation methods. Even though the actual number of units in ending inventory is the same regardless of the approach, the management's choice of inventory valuation method has an effect on the financial value of the inventory. The simplest method of calculating ending inventory is to add new purchases to beginning inventory and then subtract cost of goods sold (COGS). Perform a physical inventory count for a more accurate finishing inventory. Inventory management software advancements, RFID systems, and other connected device and platform technologies may make inventory counting easier.
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which of the following is a common finding in looking at the statement of cash flows of a declining company?
A) determines the ability of the company to pay dividends and interest.
B) provides information about the cash receipts and cash payments during a period.
C) lists revenues and expenses.
D) predicts future cash flows.
The cash inflows and outflows of a business are shown in a statement of cash flow, a financial document. Option B is the proper reaction in this situation.
Its three main components are cash flows from operating operations, cash flows from investing, and cash flows from financing.
The statement of cash flows, one of the most important financial statements for creditors and investors, may offer information about a company's liquidity and ability to generate cash.
The cash from operating and investing activities would decrease in a failing company, and this would be reflected in the statement of cash flows. As shown in the statement of cash flows, a decline in cash from operating activities may be brought on by a decline in revenues and an increase in expenses.
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which of the following forms of business may be classified as direct participation programs? general partnership limited partnership s corporation closely held c corporation
First option is correct. A Direct Participation Program (DPP) is a pooling entity that allows investors to access a company's cash flow and tax benefits.
A DPP, also known as a "Direct Participation Program", is a long-term, non-trading pool investment in a real estate or energy venture. A Direct Equity Program (DPP) provides investors with access to corporate cash flow and tax incentives.
Member buy-in is required for DPP to take advantage of program benefits. Most DPPs are real estate investment trusts (REITs) and limited partnerships. Understand the Direct Participation Program (DPP).
In most direct equity programs, a limited partner invests (shares are expressed in “units”) and a general partner invests. Most DPPs are passively managed and have a lifespan of 5-10 years. During this time, all tax credits and income from the DPP will pass to the partner. Although DPPs have become a popular way for average investors to access investments normally reserved for wealthy investors, due to the income they generate and their pooled nature. , there are some caveats.
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On January 1, Year 1, Babson, Inc. leased two automobiles forexecutive use. The lease requires Babson to make five annualpayments of $13,000 beginning January 1, Year 1. At the end of thelease term, December 31, Year 5, Babson guarantees the residual valueof the automobiles will total $10,000. The lease qualifies as a capital(finance) lease. The interest rate implicit in the lease is 9%. Presentvalue factors for the 9% rate implicit in the lease are as follows:
For an annuity due with 5 payments 4.240
For an ordinary annuity with 5 payments 3.890
Present value of $1 for 5 periods .650
Babson's recorded capital (finance) lease liability immediately after thefirst required payment should be:
a. $48,620
b. $44,070
c. $35,620
d. $31,070
Amount($) as per ordinary annuity = $44,070
Amount ($) as per annuity due = $48,620
An annuity is an agreement made between you and an insurance company in which the insurer guarantees to pay you either now or later. An annuity can be acquired with a single payment or over time. In the financial sector, an annuity is a series of payments made at regular intervals. Annuities include regular savings account deposits, monthly mortgage payments, monthly insurance payments, and pension payments. Annuities are distinguished by the frequency of payment dates.
They are long-term insurance contracts in which your money is invested. In exchange for your investment, you receive income in the form of monthly payments or a guaranteed permanent income benefit for an extra fee.
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is your instructor a manager ?discuss in terms of the four functions of management.
Since he is in charge of providing the employees' training, the course instructor is a manager.
Briefing:-The objectives are carried out and the resources are managed by the course instructor. When it comes to planning, the course teacher establishes a goal and makes a strategy to reach it. He also assigns the program, the cost, and the time.
What do managers do in terms of roles, responsibilities, and abilities?The five fundamental management tasks of staffing, leading, managing, organizing, and planning are the skills that good managers learn to master. Planning entails outlining precisely how to carry out a specific objective. Say, for instance, that the corporation wants to increase sales.
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One of the differences between group underwriting and individual underwriting is that there is little or no medical information required regarding plan participants in groups of ____ or [more/less].
One of the differences between group underwriting and individual underwriting is that there is little or no medical information required regarding plan participants in groups of 50 or more.
A group of individuals covered by a group health insurance policy are those who share at least one relationship. Employees of the same business, for instance, or blood relatives. It provides protection for multiple people. The policyholder, however, is the only person covered by an individual health insurance policy.A person who assesses the risks associated with insuring individuals or assets and determines pricing is known as an insurance underwriter. Medical underwriting is the procedure used to evaluate the risk involved in offering health insurance coverage. Getting group life insurance is simple. Due to your employer contributing a portion of the premium, it is typically less expensive than an individual life insurance policy. Additionally, it is frequently a guarantee issue.To know more about group underwriting here
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Econ Labs creates a new smartphone feature available only on Econ Lab phones. Focus groups and surveys show many may switch from their current phone to the Econ Lab new smartphone. Also, Econ Labs created a new manufacturing process that increases the number of phones which it can produce per hour by 20%.
Instructions:
Graph the change in the supply and demand curves. Show changes in price and quantity demand (increase, decrease, or indeterminate). Assume similar elasticities-slope steepness of supply and demand curves.
The graphical representation to display the cost of the new smartphones in the changing demand and supply curve would be a two upward and two downward curves intersecting each other.
The demand and supply are dependent on each other and it guides the price fluctuations of the commodity in the market. If the demand for a certain product increases, then its prices are bound to fall. The curve therefore has a intersection point which represented the equilibrium cost of the item. The parameters which influence the change demand are the prices of the product, income, preference and expectation of the customer. The X axis in the given graph shows the quantity and the Y axis represents the prices of them item.
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a contractor entered into an agreement with a homeowner whereby the contractor would construct a fireplace in the homeowner's home for a fee of $5,000, with construction set to begin in july and to be finished by october 1. the contractor began the work promptly but soon found that the walls of the homeowner's home were built more solidly than expected, which was particularly unusual for homes in the homeowner's neighborhood. the contractor notified the homeowner immediately of the problem with the walls. the contractor told the homeowner that in order to
The contractor and homeowner have a valid contract, as the contractor notified the homeowner of the additional costs and the homeowner agreed to the revised fee.
What is contractor?
A contractor is someone who has the skills and expertise to carry out a specific job or service for a customer. Contractors, who are usually self-employed, are hired to complete specific tasks or projects that require specialized skills or knowledge. Contractors can work on either a short-term or long-term basis, and often have their own team of employees or subcontractors to carry out the work. When a contractor is hired, they are usually responsible for providing their own equipment and materials and for meeting any agreed-upon deadlines.
The contractor was also able to complete the job by the agreed-upon deadline, so all the terms of the contract have been fulfilled.
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figure shows cost and demand curves for a monopolistically competitive producer of iced tea. based on the diagram, one can conclude that a. some existing firms will exit the market. b. new firms will enter the market. c. the industry is in long-run equilibrium. d. firms achieve productive efficiency.
The answer is C - New firms will enter the market. because in the above shown .
What is productive efficiency?
When a market is optimized to produce maximum output from a fixed amount of resources, economists describe it as having productive efficiency.In a manufacturing company that produces workout clothing, unit costs will be calculated based on labor, materials, and machine hours required to produce each unit for each unique product.The output of productive efficiency occurs when a business in a given market or industry reaches the lowest point of its average cost curve implying an efficient use of scarce resources and a high level of factor productivity.Productive inefficiency occurs when a firm is not producing at its lowest unit cost. Unit cost is the average cost of production, which is found by dividing total costs of production by the number of units produced.
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At www.daveramsey.com’s Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is “Pay off debt using the debt snowball.” After graduating from FPU, Courtney Lopez-Munoz is trying to calculate the effective interest rate she is paying for a $1,789 simple discount note at 5.25% for 15 months. What rate has she been paying?
The effective interest rate Courtney Lopez-Munoz has been paying for the $1,789 simple discount note at 5.25% for 15 months is 6.62%.
What is effective interest rate ?Generally, The effective interest rate is the rate of interest that is actually earned or paid on a loan, investment or deposit after taking into account compounding.
It is used to compare different investments or loans that have different interest rates and compounding periods.
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a bond_____may be issued as evidence of the company's debt. multiple choice question. contract agreement article certificate
A Bond Certificate may be issued as evidence of the company's debt.
Bond Certificate:
A document that contains details of a bond, such as the name of the bond issuer, the par or principal amount of the bond, the interest rate, and the maturity date. A bond certificate is effectively a receipt to the bondholder, proving the bond's ownership and the terms of the bond. Many bonds are unregistered and do not have the bondholder's name printed on the front. These certificates are called bearer bonds. Bearer Bonds must be sealed and protected as ownership moves with them. In other words, bearer bonds are like cash. Those who have passion have a title. If someone steals a bearer bond, they can try to collect interest payments or even sell it back to the issuer.
The terms and conditions are set out in a certificate containing:
Name of the Issuer.The amount to be paid to the investor.The date of repaymentThe rate of interest to be paid on the borrowed funds.A unique identification Number.Learn more about Bond Certificate:
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which statements are true regarding mutual fund offerings? i selling group members are allowed to discount mutual fund shares on their own ii selling group members cannot discount mutual fund shares on their own iii selling group members are allowed to sell mutual fund shares for more than the public offering price iv selling group members cannot sell mutual fund shares for more than the public offering price
The statements which are true regarding the mutual fund offerings are, selling group members cannot sell the mutual fund shares for more than the Public Offering Price, and also the selling group members who cannot discount mutual fund shares on their own.
Mutual fund shares are said to be regulated by the Financial Industry Regulatory Authority (FINRA) to ensure that the Public Offering Prices of mutual funds are fair and consistent across all selling group members. Thus, this prevents any single selling group from undercutting.
However, this helps in order prevent any single selling group from undercutting others by offering prices that are lower than the market rate. By requiring all selling group members to adhere to the same POPs.
Hence, options B and D are correct.
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assume that three identical units are purchased separately on the following three dates and at the respective costs: june 1 at $10 june 2 at $15 july 4 at $20 the company sells two units during the period. conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the lifo perpetual cost flow assumption. multiple choice question. the june 1 at $10 and the june 2 at $15 are both sold; the july 4 unit remains in ending inventory. the june 2 at $15 and the july 4 at $20 are both sold; the june 1 at $10 remains in ending inventory. the june 1 at $10 is sold; the june 2 at $15 and the july 4 at $20 remains in ending inventory.
The June 2 at $15 and the July 4 at $20 are both sold; the June at $10 remains in ending inventory.
What is the final inventory you have?
When an accounting period, such as your fiscal year, comes to a conclusion, your ending inventory is the entire amount of products you still have available for purchase.
It is a technique for inventory accounting that enables shops to accurately assess stock levels, benchmark net income, and secure financing.
What are starting and finishing inventories?
Beginning inventory, also known as opening inventory, is the value of your inventory at the beginning of an accounting period (typically a year or a quarter).
As a result, ending inventory, also known as closing inventory, is the amount of inventory on hand at the end of a certain accounting period.
Learn more about ending inventory
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