Your answer should be $68,992. Hope this helps!!
marketing<span> is </span>marketing<span> of products to </span>businesses<span> or other organizations for use in production of goods, for use in general </span>business<span>operations (such as office supplies), or for resale to other consumers, such as a wholesaler selling to a retailer.</span>
Answer:
A) Debit retained earnings and credit inventory for $2 million
Explanation:
Since Robinson's inventory was overstated by $2 million (= $22 million - $20 million) because of the previous inventory method (FIFO), when the new method, average cost, starts to be used the inventory must decrease by $2 million and retained earnings as well.
Retained earnings is an equity account and it decreases, therefore it should be debited.
Inventory is an asset account and it decreases, therefore it should be credited.
A server can be held responsible for serving anintoxicated guest<span>.</span>