Answer:
The answer is (A) higher than it was in short-run equilibrium.
Explanation:
Answer:
Ending inventory at cost using the conventional retail method is $46,824
Explanation:
The conventional retail inventory method is the way for retailer to track cost of purchasing and sale prices. In this calculation, it includes markups but exclude markdowns, then results in a lower inventory value.
Sheffield Inc. had beginning inventory of $12,000 at cost and $21,500 at retail, so the ratio of inventory cost and sales prices is 55.81%.
As such, the inventory cost of $184,000 at retail = 55.81% x ($184,000 + $9,600) = $108,048
The ending inventory cost of Sheffield Inc. = beginning inventory of $12,000 + net purchases of $142,872 – inventory cost for sales $108,048 = $46,824
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Answer:
The correct answer is c. Conciseness
Explanation:
A concise person will very rarely discuss topics in depth to propose healthier solutions for everyone, therefore it is considered that he is not an important or required personality type in this type of discussions. Extroversion and acceptability are usually the most common and appropriate to this, so they develop a higher level of discussion and therefore a solution to the problems that are presented.
