Answer:
The answer is given below;
Explanation:
The adjusting entry will be;
Income Statement Dr.$5,000
Inventory Cr.$5,000
As the NRV is less than cost,therefore difference amount will be charged to profit and loss account.
Establishing a motive for the group to listen.
By giving the students a question that they would need or love to have the answer to she is giving them a reason (or motive) to continue paying attention to her presentation in order to learn the answer.
Answer:
Explanation:
To calculate, the binomial distribution formula can be applied
P(X)= nCx * Px * (1 - P)^(n - x)
Random sample of 6 adults:
P(X≥3) = P(X=3) + P(X=4) + P(X=5) + P(X=6)
(6 C 3)0.30^3 * 0.7(6-3) + (6 C 4)0.30^4* 0.7^(6-4) +(6 C 5)0.30^5* 0.7^(6-5) + (6 C 6)0.30^6* 0.7^(6-6) =
0.1852+0.0595+0.0102+0.0007
= 0.2556
[6 C 3 = 6!/(6-3)!3! = 1*2*3*4*5*6/1*2*3*1*2*3, and to calculate others apply to this formula]
Answer:
Value of ending inventory at 11/30/2019 using LIFO is $1,950
Explanation:
The calculators sold on 11/8 were taken from purchases of 11/21,200 units and purchases of 11/13,150 units,thereby leaving 150 units of calculators purchased on 11/13 in inventory.
However,the sale of 100 calculators on 11/28 were picked from the balance of 150 units left from stock of 11/13 thereby leaving 50 units purchased at $4 each and the opening inventory in closing inventory.
The computation of closing inventory value:
11/13/2019 50 calculators at $4 = $200
11/1/2019 500 calculators at $3.5=$1,750
Value of closing inventory $1,950
Poor distribution of resources, when demand increases and supply cant keep up, and or government intervention.