Answer:
The inventory would be increased by $55,283 and the profit has been decreased by the same amount.
Explanation:
The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:
Closing inventory difference = $225,513 - $170,230 = $55,283
This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.
Factors that influence the supply of the product:
1)Price
2)Technology
Price is a direct relationship between the price of the product and its supply. There is a variation between the two if one way or another will increase in the present or in the future. If the fall of the price in the future there is an increase of supply in the market.
Technology is one of the determinant of supply. A better and innovative advanced technology would increase the production of the product. Example: communication gadget which is more high technology, effective and convenient. There is a greater extent of the increase of supply gadgets in the market.
Answer:
The answer is: -$11,000
Explanation:
The amount of investing cash flows Ferrell Incorporated would report in January should be -$11,000. It is the amount that Ferrell paid in cash. 80% of the purchase or $44,000 is financed by Live Bank and, therefore, will not be included in the investing cash flows. The minus is included because it is an outflow. Because Ferrell Incorporated also obtained permit in January, there is no depreciation in the first month of ownership.
Answer:
Market Research
Explanation:
Market Research is the term which is explained as the process of determining the viability of the new product or service by research which is directly conducted or performed with the potential customers.
It allows the business to discover the target market and the get feedback from the customers regarding their interest in the service or product.
Therefore, market research is the one which relies on the analysis, identification, distribution of the data in order to discover and slove the marketing problems.
The answer is a) partnership.