Answer:
Option (b) is correct.
Explanation:
Correct amount of inventory to be reported:
Amount of inventory as per physical verification = $320,000
Cost of goods under consignment to Herschel Corporation = $47,000
Value of inventory to be reported:
= Amount of inventory as per physical verification + Cost of goods under consignment to Herschel Corporation
= $320,000 + $47,000
= $367,000
Other things remain the same if the average aggregate inventory value goes down, then the inventory turnover ratio will go up, but weeks of supply will go down.
An inventory valuation allows a company to provide a monetary value for items that make up its inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.
An inventory valuation is a monetary amount associated with the goods in the inventory at the end of an accounting period.
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<span>Generally,
it is during the colder seasons that glaciers tend to advance downward, causing
further erosional landforms. Items below
are facts regarding Glaciers according from the <span>National Oceanic and Atmospheric Administration
(NOAA) who studies the skies and the oceans: </span></span>
<span>1. </span><span>Approximately
10 percent of Earth's land is covered with glaciers.
</span>
<span>2. </span>Glaciers covered 32 percent of land during the last
Ice Age.
<span>3. </span>Glaciers store about 75 percent of the world's fresh
water.
<span>4. </span>Antarctic ice is more than 2.6 miles approximately
4,200 meters thick in some areas.
<span>5. </span>If all land ice melted, sea level would rise
approximately 230 feet (70 meters) worldwide.
One criticism of servant leadership is that RESEARCHERS HAVE BEEN UNABLE TO REACH A CONSENSUS ON A COMMON DEFINITION. The servant leadership hypothesis is of the opinion that servant leadership consist of various abilities, traits and behaviors. Up to date, researchers have not agree on a common definition or theoretical frame work for servant leadership.
How will goods or services be produced? is the basic basic economic question does this decision answer in a free market economy.
<h3>What is a Market economy?</h3>
In a market economy, firms and individuals interact to determine how much goods and services should cost and how to best allocate scarce resources. This word often refers to an economy that is more market oriented overall, however there may be some government intervention or central planning.
Classical economists like Adam Smith, David Ricardo, and Jean-Baptiste Say created the theoretical framework for market economies. These traditional liberal proponents of the free market thought that the "invisible hand" of the profit motive and market incentives typically led economic decisions in directions that were more productive and efficient than government economic planning.
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