Answer: c. Cost of Goods Sold $9,500 $9,500 Inventory.
Explanation:
The journal entries that is required on December 31 to adjust the ending balance of inventory if the direct method is used to record the lower of cost or market write down will be gotten as the difference between the historical cost of the ending inventory and the current replacement cos of inventory. This will be:
= $316000 - $306500
= $9500
Therefore, the journal entry will be:
Debit: Cost of Goods Sold $9,500
Credit: Inventory $9,500.
When airlines charge higher prices for seats in the Economy section Exit rows that have more leg room, they are using demand oriented pricing strategy.
<h3 /><h3>What is
demand oriented pricing strategy?</h3>
This is a strategy, used by a seller inorder to set the price of a product at a limit within the buying capacity of the targeted consumers.
It is to be noted that demand-oriented attempts to set price at level that intended buyers are willing to pay.
Learn more about demand oriented pricing strategy here: brainly.com/question/25347718
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A work that is created in small scale can communicate intimacy.
Answer:
The unemployment rate is 42.85.
Explanation:
The formula to calculate the unemployment rate is:
Unemployment Rate = (Unemployed People / Total Labor) x 100 -- (1)
where total labor is the sum of the unemployed people and employed people.
Unemployed People = 10 Retired persons + 5 stay-at home parents + 10 persons with no job + 5 persons who wanted job
Unemployed People = 30
Labor Force = Employed people + Unemployed people
Labor Force = 40 + 30
Labor Force = 70
Putting the values in equation 1,
Unemployment Rate = ( 30/ 70) x 100
Unemployment Rate = 42.85
