Xyz firm, the leading producer of leather goods in its country is planning to expand its business. industry experts identify asia as a potential target market. they report that substituteproducts, particularly in india, are highly priced. darren, the operationalhead, feels that exporting their product to india is a good idea. according to him, their price advantage alone will ensure good sales. however, his colleague, mark, who is also the head of product development, feels that darren is too optimistic, and that this venture may not turn out to be as profitable as darren expects it to be. darren's view is based on which of the followingassumptions? a. imports in india usually exceed exports from the country. b.xyz's product is a close substitute for the locally available goods. c.consumers in india are extremely loyal to national brands. d.india has high import tariffs. e.the quality of the domestically produced substitutes is not as good as xyz's product.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?