Answer:
Dr. Cr.
Cost of Goods Sold $200
Merchandise Inventory $200
Explanation:
Inventory is value at Lower of Cost and Net realizable value.
Cost of Inventory = $8,000
Net Realizable Value of Inventory = $7,800
The lower value is the Net realizable value and Inventory should be reported by $7,800 on the balance sheet. The net difference of $200 is adjusted to bring the value of inventory to it net realizable value.
Expense to be recorded = $8,000 - $7,800 = $200
I feel like we should but your teachers want more education time at my school we have 40 minutes of P.E
Munsterberg suggest that psychologists could contribute to industry in the ways as listed below:
- Identifying people suitable for a specific job
- Identifying the psychological conditions that will bring out the best from a worker
- identifying optimum management strategies that will unite the employees to the organization's goal
<h3>Who is a psychologist?</h3>
A psychologist refers to an expert in psychology where psychology studies the mental health. This discipline deals greatly in how human behaves and the reason for such behavior.
Psychologists play a greater impact in making people act in a certain way since they can guess intelligently on the expected behavior of an individual under a given circumstance. This abilities of psychologists enabled Munsterberg to make the suggestions listed
Read more on psychology here: brainly.com/question/12011520
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Cattle would not be good used as currency today because some cattle can be more unhealthy than another causing disputes. Also when paying in a store it would be a great inconvenience.
