Answer:
Debit 1,000 cost of goods sold.
Explanation:
Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.
Dr Costs of goods sold $1,000
Cr Inventory $1,000
[($50*$120)-($50*$100)]
(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)
1/4 - 2/3y = 3/4 - 1/3
-1/4 -1/4
(3)-2/3y = (3/4 - 1/3 - 1/4)3
-2y = 1/2
/-2 /-2
y = -1/4
Answer: 1. The only effect advertising will have on primary demand is to slow the rate of decline.
Explanation: Declining markets are those that have gone from maturity - where sales stay flat or may even climb occasionally - to multiple periods where there are decreasing sales. This drop in sales is the first and most obvious sign of a declining market and lower sales quickly lead to other attributes.
Common characteristics of the decline stage include a decrease in sales, an increasing difficulty to make a profit, and a decrease in advertising.
Answer:
$72,996.20
Explanation:
PV=X(1+i)^n
i=8/100 = 0.08
X=$46,00
n=6
PV=46000 ( 1 + 0.08)^6
Pv=46000(1.08)^6
Pv=46000(1.586874)
Pv=72996.204
Pv=$72996.20
The present value of $46000 invested for six years at 8% is $72,996.20
