Answer:
B $1,625
Explanation:
The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:
The ending inventory units = Beginning inventory + purchase of inventory - selling units
= 15 units + 35 units - 25 units
= 25 units
So, the cost of ending inventory = ending inventory units × purchase price
= 25 units × $84
= $2,100
And, the market value equal to
= ending inventory units × replacement cost
= 25 units × $65
= $1,625
Based on the lower-of-cost-or-market value, the ending inventory would be $1,625
Answer:
B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.
Explanation:
Economic system -
It is the system that is responsible for the resource allocation , production and the distribution of the services and goods , is known as an Economic system .
Economic system includes - the institutions of decision-making , agencies .
It works to deal with the problem related to the economy of a country or society .
Hence , the correct option is ( b ) .
Answer:
Journal Entry for establishing a Petty cash fund
Date Particulars Debit Credit
Jan 1 Petty cash A/c $270
To Cash A/c $270
(Being Petty cash fund established)
Journal Entry for reimbursement of petty cash
Date Particulars Debit Credit
Jan 8 Postage A/c $36
Transportation A/c $13
Delivery Expense A/c $15
Miscellaneous Exp A/c $25
To Cash A/c $89
(Being reimbursement of petty cash expenses
incurred from petty cash fund)
Journal entry for Increasing the limit of Petty cash fund
Date Particulars Debit Credit
Jan 8 Petty Cash A/c $50
To Cash A/c $50
(Being Petty cash fund limit extended to $320 i.e., we have
to add $50 to existing fund in order to make it $ 320.)
The Marine Corps refer to the United States Marines Corps, a branch of the U.S. Army who is responsible for conducting expedition and amphibious operations with multiple branches of the military, which includes the Navy, Army, and the Air Force.
The answer to the question is size and capacity vs. speed and flexibility.
A benefit of digital catalogs is<span> that they allow real-time merchandising. Other advantages </span>are they eliminate the costs of printing and mailing, they offer an almost unlimited merchandise, they offer a wider assortment of presentation formats. The internet and digital marketing have created this to match the need of consumers.
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