Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
<h3>What is meant by current liability?</h3>
This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.
Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
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Purchases = Sales units + Closing inventory - Beginning Inventory
= 7,400 + (2,400 * 120%) - 2,400
= 7,800 units
The product that would most likely shift the aggregate supply curve is the domestic products. The answer is letter A. The aggregate supply curve shows a relationship that is inverse between the price level and the quantity of real Gross Domestic Product (GDP) purchased. This is because it will increase the future demand.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
He saves Rs. 67.5 (take 450 times .85- since its a % and then subtract that from 450)
