Answer:
$64,000
Explanation:
product cost data market data lower of cost or market
ipod 24,000 20,400 20,400
cell phone 18,000 19,000 18,000
DVDs 28,000 25,600 25,600
ending inventory = 20,400 + 18,000 + 25,600
= $64,000
Therefore, The value of the ending inventory is $64,000
The cheap foreign labor argument for protectionism refers to a lower wage often earned by many foreign workers.
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Answer: c. is designed to describe a product’s characteristics and is usually associated with search goods.
Explanation: Advertising is a commercial solicitation designed to sell some commodity, service or similar with the aim to inform, persuade and to remind. Informative advertising is designed to describe a product’s characteristics, is usually associated with search goods and creates awareness of brands, products, services, and ideas. Thus, it announces new products as well as educating the target audience about the various attributes and benefits of the product.
Answer:
d.) laissez-faire
Explanation:
Laissez-faire is one of Adam Smith's ideas which made Mark think of starting a restaurant because the business is free from government intervention. Also because Mark would be the sole owner of the business.
Answer:
It is called A PERMANENT FUND.
Explanation: A PERMANENT FUND is a type of governmental fund that is used to record and account for endowments such as gifts for government or non governmental organisations.
This fund often times is used in financing civic projects, facilities owned by the city concerned and the likes.