Teal co. follows the practice of valuing its inventory at the lower-of-cost-or-market. the following information is available from the company's inventory records as of december 31, 2017. item quantity unit cost replacement cost/unit estimated selling price/unit completion & disposal cost/unit normal profit margin/unit a 1,300 $8.55 $9.58 $11.97 $1.71 $2.05 b 1,000 9.35 9.01 10.72 1.03 1.37 c 1,200 6.38 6.16 8.21 1.31 0.68 d 1,200 4.33 4.79 7.18 0.91 1.71 e 1,600 7.30 7.18 7.64 0.80 1.14 greg forda is an accounting clerk in the accounting department of teal co., and he cannot understand why the market value keeps changing from replacement cost to net realizable value to something that he cannot even figure out. greg is very confused, and he is the one who records inventory purchases and calculates ending inventory. you are the manager of the department and an accountant. calculate the lower-of-cost-or-market using the individual-item approach.

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is

What resourse is both renewable and inexpensive? gold coal lumber mineral