Data related to the inventories of kimzey medical supply are presented below: surgical equipment surgical supplies rehab equipment rehab supplies selling price $260 $120 $340 $165 cost 179 90 250 162 replacement cost 240 80 25 158 costs to sell 30 5 25 10 normal gross profit ratio 30% 30% 30% 20% calculate the ending inventory using the lower of cost or market rule assuming the valuation method is applied to each inventory item. prepare the necessary journal entry to be recorded.

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000

What is the relationship between credit and debt?