Acompany's warehouse was destroyed by a tornado on march 15. the following information was salvaged from the ruins: inventory, beginning: $56,000 purchases for the period: $38,000 sales for the period: $111,000 sales returns for the period: $1,440 the company's average gross profit ratio is 35%. what is the estimated cost of the lost inventory? a. $9,705
b. $25,995
c. $29,250
d. $44,000
e. $45,000

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.