Answer:
$1,120
Explanation:
Ending Merchandise Inventory is value of closing inventory in hand, to be valued at lower of cost or net realizable value or replacement value
Here, cost of closing inventory = 7 units X $160 each = $1,120
Since current realizable/ replacement value = $1,155
Cost is less than realizable value, therefore cost will be considered.
Thus ending merchandise inventory will be valued at total of $1,120.
Answer:
In the long run, the market will supply any amount of the good at the price where P = min. ATC.
Explanation:
Both supply and demand are more elastic in the long run than the short run, which corresponds to a leveling out of the supply and demand curves.
Answer:
Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.
Explanation:
Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.
Its recommended to save at least 20%
B. false because if its destroyed or lost and you have no proof of owning it then your ownership is not part of that company
