Answer:
Ending Inventory = $55,000
Explanation:
<u>Particular Cost price Retail price
</u>
Opening Inventory $30,000 $42,000
<u>Add: Additional Purchases $196,000 $368,000
</u>
<u>Cost of Goods Available for Sale $226,000 $410,000
</u>
Cost to Retail Ratio: 55 %
Less: Net Sales $310,000
Ending Inventory $55,000 $100,000
Note:
Cost to Retail Ratio = $226,000 / $410,000
Cost to Retail Ratio = 55% (Approx)
The answer to your question is
<span>d. they must be an integral part of the finished product but can be an insignificant portion of the total product cost.
Hope this helps you!
</span>
The current ratio will remain the same as 1 only
The acid-test ratio will decrease.
- The current ratio will stay the same because there won't be a change in current liabilities, and the change in current assets won't have any net consequences because the asset will grow due to an increase in inventory, but it will also decrease by the same amount due to a decrease in cash, so the current ratio will stay the same.
- The acid-test ratio will decline since the numerator will shrink owing to a cash shortage, and the growth in inventory won't be taken into account because current assets aren't included in this ratio.
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In her new job, alison determined to make her <u>mark</u> from the start. Hence, the correct answer is mark. Read below about making one's mark.
<h3>What does it mean to make mark?</h3>
If one makes his/her mark or make a mark, one becomes noticed or famous by doing something impressive or unusual.
Therefore, the correct answer is mark.
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Internet access <u>lowers </u>the opportunity cost of producing education and news <u>if it </u><u>expands the production </u><u>possibilities of education and news by more than it expands the production possibilities of other goods and services.</u>
<h3>What is internet?</h3>
The internet is a system of interconnected networks that allows for international communication and access to data resources via a huge number of private, public, business, academic, and governmental networks. Governmental organizations that create common protocols, such as the Internet Assigned Numbers Authority (or IANA), are in charge of it.
Although the terms "internet" and "World Wide Web" are frequently used interchangeably, they do not exactly mean the same thing. The internet refers to the technology and infrastructure of the global communication system, while the web is one of the services provided through the internet.
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