Answer:
The amount included in the inventory is $60
Explanation:
Lower of cost and net realizable value determine the value of closing inventory based on the cost incurred to produce or purchase a inventory unit or Market value of the inventory unit which ever is lower. In this question cost of unit of inventory is $60 and the replacement cost which market value of the item of inventory. The unit cost of an item of inventory is lower as compared to the replacement value.
Answer:
Option (b) is correct.
Explanation:
This is a case of monopoly market condition where there is a single firm operating the whole market. The price of the products is set by the single firm and the buyers in this market are price taker. The monopolist can earn normal profit, losses and abnormal profit in the short run and can earn normal profit and abnormal profit in the long run.
In our case, the price of diamonds is high because there is only single firm in the whole market and there is no other competitors in the market. That's why they are charging the higher prices.
Answer: C) Personality
Explanation:
Personality is an individuals quality that helps them succeed in life. If you improve your personality you can control stress and increase your motivation.
Answer:
A. 23,000 units
Explanation:
The number of units started during November is given by the number of units completed and transferred out during the month (25,000) added to the ending work in process inventory for the month (6,000) and subtracted by the beginning work in process inventory (8,000):
Therefore, the number of units started during November in the department was: A. 23,000 units.
The variable expense ratio for paprika is 27%.
<h3>V
ariable expense ratio</h3>
Using this formula
Variable expense ratio=Variable cost/Selling price
Where:
Variable cost=$2.43
Selling price=$9
Let plug in the formula
Variable expense ratio=2.43/9×100
Variable expense ratio=27%
Inconclusion the variable expense ratio for paprika is 27%.
Learn more about variable expense ratio here:brainly.com/question/15684424
