Answer: $1,600
Explanation:
The company would have to report the inventory at its current market value and not the one that it bought it at so that the cost of goods sold can accurately reflect the reduced value of the inventory.
Current market value is:
= 200 units * 8
= $1,600
A. A difficult creation process (I think)
Where its triangle which takes into account a basic design like economic structure etc....
Answer:
Demand for good x could be higher in year 2 than year 1
Income may have been higher in year 2 than year 1
Explanation:
In the given scenario there was an average price of product as $10. To calculate average cost it is total sales revenue divided by number of units sold.
In year 2 the average price is $23. This means that for each unit sold in year 2 the price was $23 an increase of $13 from year 1.
For this to have happened first there could have been higher income of the consumer in year 2 and they will have more to spend on the product at a higher price.
There will also need to be an increase in the demand for the good this will increase units sold and also price will go up.
Increase potential for flooding does not apply to freshwater wetlands.
<u>Explanation:</u>
- Freshwater is found near the lakes, rivers, and ponds. Some of the freshwaters are formed by rainwater staying in shallow holes. These freshwaters will not make contact with the ocean.
- Some animals like opossums, muskrat, raccoons, mink are found in freshwater. Marshlands are also a form of freshwater.
- In Freshwater wetlands, water cannot be found on the top but the land will contain water which will be in wet conditions. So it cannot be able to increase the potential for flooding. Freshwater wetlands help to purify the groundwater.