Answer and Explanation:
The computation of the amount is shown below:
a. For FOB destination
= Merchandise price - Returns and allowances - discount
= $6,700 - $1,750 - ($6,700 - $1,750 )× 2%
= $6,700 - $1,750 - $99
= $4,851
b. For FOB shipping point
= Merchandise price - Returns and allowances - discount + Freight In
= $3,300 - $1,200 - ($3,300 - $1,200) × 1% + $200
= $3,300 - $1,200 - $21 + $200
= $2,279
Answer:
$46,000
Explanation:
We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .
DATA
Fair value = 588,000
Cost = 542,000
Revaluation gain = Current fair value - Cost
Revaluation gain = 588,000 - 542,000
Revaluation gain = $46,000
The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.
Answer:
Greg eats pizza every day of the week. The marginal utility of pizza will most likely <u>decrease </u> by the end of the week, and all else being equal, this demonstrates the law of <u> diminishing marginal </u><u>utility</u><u> </u><u>.</u>
The statement adam smith’s demand-side economics is the idea that an economy with less government restriction serves people best for allowing free allocation of resources is false.
<h3>Who is adam smith’s?</h3>
Adam smith’s was the person who created the adam smith’s demand in which he stated that relationship between the supply and demand and how both of supply and demand work in hand in hand
He stated that the demand for goods and service depend on people who are ready and willing to buy the goods or willing to pay for the goods.
Therefore the statement is false.
Learn more about adam smith’s demand here:brainly.com/question/15128512
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Answer:
the financial accounting standard board
