Answer:
$83000
Explanation:
Inventory account data
Opening Balance = 37000
Purchases = 480,000
Usage = 434,000
We can calculate the closing balance by following formula
Closing balance = Opening balance + purchases - Usage
Closing balance = 37000 + 480000 - 434000
Closing balance = 83000
Therefore closing balance in raw material account is $83000
The information demonstrates about that Alex's investments would most likely would have benefited by diversifying.
<h3>What is a diversification?</h3>
This refers to the act of adopting a growth strategy that involves entering into a new industry while also creating a new product for that new market.
Hence, based on the information given, it is deduced that Alex's investments would most likely would have benefited by diversifying.
Read more about diversification
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Hey there. " The presence of a positive externality in a market leads to.... A. Underproduction of the good." Hope this helps.
The Right Response is Option C which is Long Term Changes in the Economy.
<h3><u>
Why Did Friedman Argued So?</u></h3>
- The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.
Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.
Therefore, "long-term changes in the economy" is the right response.
To learn more about Long Term Changes in the Economy. Click the links.
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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on
a) changes in the unemployment rate.
b) short-term changes in the economy.
c) long-term changes in the economy.
d) changes in the inflation rate.
<u>Reason - Fraud prevention is more cost-effective than fraud detection or investigation:</u>
"Prevention is better than cure" - Prevention of fraud reduces the cost that the investigation or detection of fraud incurs losses.
The fraud preventive measures that can be taken by the company are as follows,
- Implementing detective controls
- Employing external and internal auditors (to issue independent checks based on the performance)
The managers and the employees of the business entity are the persons who likely detect the fraud. So, it is important that they are been educated regarding the prevention and monitoring of the fraud prevalence and fraud handling measures.