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cestrela7 [59]
3 years ago
8

A(n) _______________ is either a person or medium providing consumption-related information and hired and paid by and organizati

on. A(n) __________________ is person whom the message receiver knows personally, such as a parent or friend who gives product information or advice, or an individual met and respected online.
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer:

Formal source

Informal source

Explanation:

A formal source is either a person or medium providing consumption-related information and hired and paid by and organization. An informal source is person whom the message receiver knows personally, such as a parent or friend who gives product information or advice, or an individual met and respected online.

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b) The Lower of cost- or net realizable value method of valuing ending inventory determines the value by choosing the lower value between the cost price of the inventory and the net realizable value.  The purpose that is served by using the LCNRV method is that it reflects the decrease of inventory value when it goes below its original cost while at the same time it does not recognize the increased market value when the cost is lower.

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