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Elena-2011 [213]
4 years ago
15

2. Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?

Business
1 answer:
Novosadov [1.4K]4 years ago
4 0

Answer: The answer is D. The price of gasoline rises due to rising oil prices

Explanation: microeconomist study is based on the interaction of individuals or firms in an economy, rather than aggregate economic factors that affect a nation as a whole. Examples are inflation rate, unemployment rates, Per capital income, GDP etc

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A company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inven
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Explanation:

a. The computation of the ending inventory is shown below:

Inventory Quantity Cost  NRV   LCM     Total inventory

 (1)                                                  (2)          (1 × 2)

Unit A         14         $38   $40    $38         $532  

 Unit B         22       $42   $39    $39        $858

 Unit C         16        $27   $31     $27        $432

 Unit D         19        $18    $17      $17         $323

Total                                                            $2,145

And total cost = Unit A × cost + Unit A × cost + Unit A × cost  + Unit A × cost

= 14 × $38 + 22 × $42 + 16 × $27 + 19 × $18

= $532 + $924 + $432 + $342

= $2,230

b. The journal entry is shown below:

Income summary A/c Dr $85 ($2,230 - $2,145)

  To Inventory A/c $85

(Being inventory is adjusted)

4 0
3 years ago
Which career professionals would typically work in their own private office?
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Its actually <em><u>A) Office Managers and Human Resource workers</u></em>

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