Answer:
The correct option is $143
Explanation:
The lower-of-cost-or-market inventory value analysis requires that inventory be valued at lower initial cost price and marketing facing prices.
The market-inclined prices are replacement cost of $143 and net realizable value of $148,obviously,the lower of the market prices is replacement cost of $143.
Finally,the net realizable when compared to initial cost of $152,the replacement cost ended up being the lower,hence the inventory of product 66 should be valued at replacement cost of $143
Answer:
Accommodation maker are the one who sign the agreement without receiving any compentation or other benefits. They guarantees the debt of other person. He can be maker, endorser, or acceptor.
The main difference between an accommodation maker and an accommodation indorser:
Accomodation maker are the one who identitfy himself in the note as the one who is udertaking to pay due. They sign on the right hand side corner of an instrument.
Accomodation endorser are the one who endorse to pay the credit liablity of other person. They sign on the back of an instrument.
The percent change in real GDP is 17.65%
<h3>What is the GDP of an economy?</h3>
The gross domestic product (GDP) is the sum of all value contributed to a given economy. The value-added is the difference between the value of the products and services produced and the value of the goods and services required to produce them.
The percent change in real GDP can be calculated by using the formula:
= 17.65%
Learn more about gross domestic product (GDP) here:
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Answer:
Firms make normal profits
Explanation:
Monopolistic competition is characterized by many firms selling similar but differentiated products. Each firm sets its price because they sell slightly different products. There are insignificant or no barriers to entry or exit in a monopolistic competition.
It is possible to make abnormal profits in monopolistic competition in the short run. Due to ease of entry and exit, a firm with abnormal profits will face competition from new entrants. In the long-run, no firm will dominate the market, which means all firms will be making normal profits.
