Answer:
(A) Inventory increases by 595,000
(B) Inventory decreases by 14,500
(C) no effect
Inventory balance: 595,000 - 14,500 = 580,500
Explanation:
<u>We are asked for Readers' Corner</u>
(A) Reades purchase at 595,000 so we use this value. Reader has no informaiton about the cost of New Books.
(B) there is an allowance for 14,500 the inventory account will decrease immediately as it works with perpetual invnetory method
(C) no effect. The payment do not alter the invnetory valuation.
Answer:0.63; rises
Explanation:
As the price of good X rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good X from 650 units to 590 units. The price elasticity of demand for good X is _____0.63________ and total revenue _____rises_____ as the price of good X rises from $1.50 to $1.75.
Franchising is a contractual agreement between a firm, the franchisor, and another firm or individual, known as the franchisee.
The discovery of oil off a nation's coast would be if it wasunexpected, a surprise economic variable and a very beneficial one at that as long as it happened before the present concerns about climate change and the use of fossil fuels plus concerns over oil spills in the ocean after the Gulf of Mexico major oil spill a few years ago.
