Answer: D
Explanation: Quarter Inc. cannot be legally charged because as a foreign entity, it is exempt from prosecution based on sovereign immunity. Once the defendant establishes that it is a foreign state, for the lawsuit to proceed, the plaintiff must prove that one of the Act's exceptions to immunity apply.
Answer:
at equilibrium point
Explanation:
equilibrium when price is reasonable to both sellers and buyers. They are willing to buy and sell at optimal quantity, so that firm can maximize revenue
Answer:
Ending inventory= $1514
Explanation:
Giving the following information:
Beginning inventory: 320u*$5.00= $1600
Purchase, (1/15/2017)= 160u*5.70= $912
Purchase, (1/28/2017)= 160u*5.90= $944
Ending inventory= 260u
The company uses FIFO (first in, first out).
What is the value of ending inventory?
Ending inventory= 160u*5.90 + 100u*5.70= $1514
Answer:
B : an entry on the left side of an account.
Explanation:
There are two terms i.e debit and credit.
The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.
While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.
