Answer:
A. Dr Cost of goods sold $21
Cr LIFO reserve $21
B.$3,729
Explanation:
A. Preparation of the December 31, 2021, adjusting entry to record the cost of goods sold adjustment.
Based on the information given in a situation were Drew adjusts the LIFO reserve at the end of its fiscal year which means that the December 31, 2021, adjusting journal entry to record the cost of goods sold adjustment will be:
Dr Cost of goods sold $21
($86 – 65)
Cr LIFO reserve $21
b. Calculation for what would cost of goods sold have been for the 2021 fiscal year
Cost of goods sold=$3,750 – $21
Cost of goods sold= $3,729
Therefore what the cost of goods sold could have been for the 2013 fiscal year is $3,729
Answer:
B. decrease the demand for e-readers.
Explanation:
Substitute Good is a factor effecting demand of a good. A good's demand and it's substitute good's price are directly related.
- Price rise of a good's substitute makes the good relatively cheaper & increases that good's demand.
- Price fall of a good's substitute makes the good relatively expensive & decreases that good's demand
So, If tablet computers & e - readers are substitutes : Decline in price of tablet will make e - readers relatively expensive & decrease the demand for e - readers.
Answer:
the private sector should never build a plant, regardless of benefits, because water is a public resource that needs public oversight
Explanation:
The win-win situation refers to the situation in which each one is happy as a result that arrives is best and beneficial for the company
Since in the question, it is mentioned that there is a win-win scenario as there is a larger treatment for the public at a lower cost per gallon
Therefore by this, the private sector should never develop that plant i.e water as it is a resource that is consumed by the public irrespective of their benefits
Are there any choices? I would say black market if that's a choice or if its a write-in question.
