Answer:
c. $74,000
Explanation:
Raw Material Ending Inventory = Raw Material Beginning Inventory + Purchases - Cost of material for the year
Raw Material Ending Inventory = Raw Material Beginning Inventory + (Total Purchases- Indirect material purchased) - Cost of material for the year
$25,000 = $27,000 + ( $100,000 - $28,000 ) - Cost of material for the year
$25,000 = $27,000 + 72,000 - Cost of material for the year
$25,000 = $99,000 - Cost of material for the year
Cost of material for the year = $99,000 - $25,000
Cost of material for the year = $74,000
Example of a situation in which a surplus of a product leads to decreased prices is food staples in America.
An example of a situation in which a shortage leads to increased prices is increasing prices of fuel due to a lack of fossil fuel availability.
<h3 /><h3>What is refers as a surplus of any product?</h3>
Surplus of any product refers to a situation when the availability of goods is in more quantity whereas the demands for the products are sufficient which makes it decrease in the prices of products.
Food staples like frozen foods and vegetables along with eggs are considered a surplus product in America.
The prices of fossil fuels are increasing in the world as they are obtained through fossils that are not available in abundance which creates high demands for daily consumption and results in shortage.
Learn more about the shortage, here:
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Answer:
A bank statement is the document sent by a bank at the end of each month showing the balance of our bank account and the transactions that had take place during the time.
A bank reconciliation statement is a document we prepare to identify and present the reasons for the difference between the bank statement's balance and the bank accounts balance we keep in our ledger!
Explanation:
the advantages are that they have more products for more people and a broad range to make sure that people find what their looking for.
the disadvantages are that the company will have less of all of the items, the resources might be strained after all the items are made, all of the items could cost too much, and some other businesses might not like you entering the market, so they may launch the same items you are launching just with a retailed name and a lower price.
If this helps you then plz mark me the brainliest answer. ;)
Answer:
$12,556.37
Explanation:
Calculation to determine What is the future value
Using this formula
Future value = PV(1 + r)^n
Let plug in the formula
Future value = $3,100[1 + (.084/2)]^17(2)
Future value = $12,556.37
Therefore the future value is $12,556.37
