Answer:
Dr Retained earnings $8.2
Cr Inventory $8.2
Explanation:
By changing method of an inventory valuation, the company should apply it retrospectively based on IAS 8 guidelines on change in accounting estimates and errors. Thus, the said difference from FIFO method to Weighted Average method of valuation should be credited directly against Retained earnings account because, accounts are already closed right after the year ended.
$32-$23.8= $8.2 million
To record the said adjustment you have to
Debit Retained earnings and credit Inventory in the amount of $8.2 million.
Answer:
Millionaires suggest several paths to building your wealth and becoming a millionaire. ... You should work to make more money so that you can invest more. Saving is also a great way to become a millionaire. In other words, when you earn money, put it in a savings, retirement or some other investment account.
Explanation:
The correct answer is: [C]:
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"<span>a want for an item that is much in demand by a great number of people" .</span>
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<u>Note</u>: Let us consider the other answer choices:
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Choice: [A]: "<span>a need for basic necessities, such as food, clothing, and shelter."
This refers to a "need" — NOT a "demand" ; so we can rule out "Choice: [A] " .
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Choice: [B}: "a need that is really a want, meaning the person can live without what they demand" .
This refers to a "want" — NOT a "demand" ; so we can rule out "Choice: [B] " .
________________________________________________________</span>
Answer:
Deceptive sales technique
Explanation:
Based on the information provided within the question it can be said that what the salesperson did in this scenario is an example of a Deceptive sales technique. This term refers to when a salesperson pushes a product or service on a customer with high-pressure by appealing to that individuals potential fears, greed, or vanity in order to convince them on purchasing the product. Exactly what the salesperson did to Jordan.
The income effect because you’ll gain more money personally and the substitution effect is about everybody in the building getting a “fair share”.
