Answer:
the inventory value is $267,000
Explanation:
As we know that the inventory is valued at cost or market whichever is lower
As seen from the given information, the lesser value for all products are
Product A $87,000
Product B $58,000
Product B $122,000
So, the total is
= $87,000 + $58,000 + $122,000
= $267,000
hence, the inventory value is $267,000
Answer:
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
Explanation:
It is provided that, revenues are much more than expenses, therefore the net difference of revenues and expenses will be transferred to retained earnings.
Retained earnings balance will increase as the net income is more.
Therefore, retained earnings will be credited.
further to reverse and close the entire revenues and expenses account it will be reversed, that is
Revenues will be debited and expenses will be credited.
Therefore, correct answer is
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
Answer:
B) How does the action I am proposing to take make me feel about myself?
Explanation:
According to Norman Peale (the ideologist of positive thinking), decisions that affect or solve ethical dilemmas should be evaluated against three questions:
- My decision will follow the law and the company's policies?
- Is the decision balanced and fair?
- How does this decision made make me feel about myself?
Answer:
the correct answer is greater than
Explanation:
If planned investment plus unplanned investment (unplanned inventory changes) are greater than savings, then economic activity will increase.
Answer:
The goal of storage is to keep them in a dormant state. Once harvested some fruits do not ripen, while others will continue to ripen after harvest because they naturally produce a gas called ethylene.
