Answer:
Inventory should be increased (debited) by $3,500.
Explanation:
According to the IAS 2, the inventory value should be lower of historical cost or net realizable value
The historical cost is $12,000
And, the net realizable value is
= $9,000 - $500
= $8,500
Since as we can see the lower value is $8,500 but due to increase in realizable value, the historical cost would remain the same i.e $12,000
So the inventory should be increased or debited by $3,500 i.e
= $12,000 - $8,500
= $3,500
Answer: To determine comparative advantage you have to calculate per unit opportunity cost using the formula give up/gain (the amount of good you are giving up divided by the amount of good you are gaining). Once you have calculated per unit opportunity cost, the country with the lowest one has a comparative advantage
Answer:
traditional goal setting
Explanation:
This is traditional goal setting because the goals flow from the top down. Each organisational area then incorporates them from the top down.
Answer:
D.
Explanation:
Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.
