Forester company has five products in its inventory. information about the december 31, 2021, inventory follows.

product quantity unit cost unit replacement unit selling price
a 900 $ 29 $ 31 $ 35
b 900 34 30 37
c 900 22 21 27
d 900 26 23 25
e 1,000 33 31 32

the cost to sell for each product consists of a 20 percent sales commission. the normal profit for each product is 40 percent of the selling price. required:
(1) determine the carrying value of inventory at december 31, 2021, assuming the lower of cost or market (lcm) rule is applied to individual products.
(2) determine the carrying value of inventory at december 31, 2021, assuming the lcm rule is applied to the entire inventory.
(3) assuming inventory write-downs are common for forester, record any necessary year-end adjusting entry based on the amount calculated in requirement 2.

At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.