Answer:
$32,000
Explanation:
Calculation to determine the before-tax LIFO liquidation profit or loss that the company would report
Before-tax LIFO liquidation profit =8,000 Units × ($12.00 per unit – $9.00 per unit) + (12,000 units-10,000units)× ($12.00 per unit – $8 per unit)
Before-tax LIFO liquidation profit =(8,000 units× $3 per unit)+(2,000 units ×$4 per unit)
Before-tax LIFO liquidation profit =$24,000+$8,000
Before-tax LIFO liquidation profit =$32,000
Therefore the before-tax LIFO liquidation profit or loss that the company would report in a disclosure note will be $32,000
Answer:
lawyer's computer.
Explanation:
For the economist a stock is capital that can earn income or good that person holds and can sold for a particular price.
In this case the lawyer's computer is a good that the lawyer owns and can be exchanged for money. Also the lawyer can use the computer to help treat court cases thereby earning income.
Answer: Brian and Sondra have, done nothing illegal
Explanation:
Brian and Sondra company are totally in their right, they are not directly involved in the poor fortunes of their competitors.
A rise in sales at Brian and Sondra company led to drop in the sales of their competitors leading to closure of their competitors businesses.
Answer:
Option (E) is correct.
Explanation:
The opportunity cost refers to the benefits that are sacrificed by choosing some other alternative.
In our case, there are two restaurants as follows:
One is 2 miles away from home with higher prices
Second one is 15 miles away from home with lower prices
But Melissa chooses the first one by comparing the opportunity cost associated with each option relative to the other option.
This is because of the higher opportunity cost associated with second restaurant offsets the higher monetary cost of the first restaurant.
Answer:
e. there is downward pressure on the price level, and the government may want to conduct expansionary fiscal policy.
Explanation:
At the time of boom in the economy, the unemployment rate is beneath than the rate i.e. natural also it gives rise to the growth of the economy, along with it the expenditures, consumer spending also increased that ultimately increased the disposable income.
This results in the upward movement in terms of pressure on the aggregate demand that leads to a rise in the level of price and the real GDP also rises which reduced the unemployment
But when the aggregate demand is less so there is a downward pressure on the price as the level of price declines so that the aggregate demand increased and it is requirement made by the government for an expansionary fiscal policy that give increased in government spending or taxes decreased in order to raise the aggregate demand
