Answer:
C) the merchandise inventory balance reflects the ending inventory.
Explanation:
When a company uses the periodic inventory system, inventory records are updated only at the end of each accounting period. The periodic inventory system records cost of goods sold (COGS) at the end of the accounting period after the inventory records have been updated.
For the case of a consumer with an inelastic demand curve, it is less costly to cater for them, hence reducing the production fixed cost. given that different customers will be charged differently for the same product, it is easy to cover for a low profit range.
Answer:
absolute reference
Explanation:
Based on the information provided within the question it can be said that in this scenario she uses an absolute reference to identify the cell containing the income value. This refers to an actual fixed location within an excel sheet, and it is usually locked so that the rows and columns associated with it won't change when it is copied.
"Gross pay"
Gross pay is <em>before </em>taxes and withholdings, net pay (aka take-home pay) is what is left over <em>after </em>taxes/etc are taken out.
Answer:
conflict of loyalty
Explanation:
In simple words, conflict of loyalty refers to a specific type of situation in which an individual faces a conflict of interest due to having loyalty towards two different parties which have different goals and objectives.
This scenario usually happens when someone in authority has to make a decision that can affect party he or she have personal relation or with the other party with with which that individual have a professional relation.
As per the modern theories, under such scenarios, individual in authority should favor professional relations over personal relations.
