<span>The minor account is linked with the custodian account that is under the minor parent's or guardian's primary account. Security registered in the minor's account with the name of SSN of the minor in the format of either with sole owner, or primary owner with beneficiary or primary with secondary owner etc. So minor directly can't permit purchase securities. The custodian must conduct all the transactions behalf of minor and the custodian can purchase securities behalf of the minor.</span>
Answer:
The correct answer is option B.
Explanation:
Melanie decided to buy a coat at a price of $79.95.
When she brought the coat to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag.
She got a discount worth $15.99.
The consumer surplus, in this case, will be at least $15.99.
This is because the consumer surplus is the difference between the price the consumer is willing to pay for a good and the price he/she actually pays.
Melanie paid $15.99 less than the price but she may have been willing to pay more than the initial price. So the consumer surplus will be at least $15.99.
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
