Zhang company suggested price of goods bought of $841,000, establishing inventory of $38,400 and ending inventory of $46,900. the common stock amount is $42560.
Average stock is the average amount or price of your stock over two or more accounting periods. It is the mean cost of inventory over a given quantity of time. That price may additionally or may additionally now not equal the median fee derived from the identical data.
<h3>What is the average inventory level?</h3>
The average inventory degree refers to the number of units, now not the monetary fee of these units. Determining average stock degree is simpler than identifying the average inventory cost. There's one less calculation: you do the identical thing, however assign no value to products. You're simply averaging their quantity.
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<h2>Yes GDP is a good measure of the prosperity of the average person.</h2>
Explanation:
GDP - Gross domestic Product
The GDP will take the entire output of goods and services produced in a year by everyone within the country's borders.
- Real GDP is the best than nominal GDP
- GDP acts as a component of a human welfare
One drawback of GDP is it does not take the amount of pollution, safety and health. It does not take "well-being" too. Suppose if everyone starts working on weekends without "leisure", "GDP" does not take into account. So now it fails to check prosperity along with well being of the average person.
Answer:
Stella should consume less of milk and more of cookies to maximize total utility.
Explanation:
The price of cookies is $9, and the price of milk is $3.
Stella consumes 10 cookies and 5 cartons of milk.
The marginal utility of 10th cookie is 50 utils and the marginal utility of 5th carton of milk is 25 utils.
Her total utility will be maximized if the ratio of marginal utility and price will be equal for both cookies and milk.
Ratio for cookies
= 
= 
= 5.55
Ratio for milk
= 
= 
= 8.33
Since the ratio is higher for milk, it means that Stella should consume less of milk and more of cookies to maximize total utility.
Making the business case is one of the biggest challenges when companies are committed to sustainability. As sustainability is the better because it takes the business in a long run.
<h3>What are the cause of
sustainability of business?</h3>
As the modern world, the risk of taking business in a long run becomes difficult because frequently change in technologies and trends of business.
Some challenges of sustainability are Loss of trust in the global corporation, Transparency is the new norm, Rapidly growing inequality, increased hazards and risks to business.
Thus, Making the business case is one of the biggest challenges
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The probability that an audit team will express an inappropriate audit opinion when the financial statements are materially misstated is the definition of audit risk.
When the financial statements are materially misstated, the auditor expresses an inappropriate audit opinion, this risk which an auditor gives is called the audit risk. So, when the auditor fails to modify an opinion on the financial statements it is an audit risk.
The audit risk will typically rise as an auditor will never be able to obtain absolute assurance by conducting audit procedures. Thus, after identifying the audit risk, auditors are often required to identify the relevant response to these risks.
Hence, the audit risk is a function of the risk of material misstatement.
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