Answer:
$2,664
Explanation:
Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.
Product Quantity Total Cost Total Net Realizable Value
Revolvers 13 $126 $155
Spurs 22 $32 $27
Hats 9 $58 $48
Choosing Which one is lower for each product
Product Quantity Rate Total Value
Revolvers 13 $126 $1,638
Spurs 22 $27 $
594
Hats 9 $48 $432
Total Closing Inventory Value = $1,638 + $594 + $432 = $2664
I believe the answer is A.) Utilities
In porter's generic competitive strategies, <u>focus strategy </u>and <u>overall cost</u> <u>leadership </u>strategy combines a focus on a total market scope and a competitive cost advantage respectively.
<h3>What is focus strategy?</h3>
A focus strategy is a competitive tactic used to target marketing and sales at a certain market niche. Utilizing underserved or untapped markets is the goal of this technique.
While many rivals want to reach as many clients as possible with their sales, a focus approach chooses one or more certain categories. It gains an advantage by providing that sector with either high quality or low cost. These actions may improve client loyalty.
There are primarily two categories of focus strategies. One aspires to outperform the competition by cost leaders, while the other wants to succeed by differentiation itself.
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The Federal Reserve System can do all the given options except A. lender of last resort for consumers.
<h3>What does the federal reserve system do?</h3>
The federal reserve system of the United States is the central bank of the nation and as such, they engage in services like check clearing and regulating the money supply.
They also act as a lender of last resort to banks in order to ensure that they don't fail. The Fed does not lend money to consumers directly so this is not one of their roles.
Options for this question:
- A. lender of last resort for consumers
- B. regulation of the money supply
- C. supplying currency
- D. check clearing
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