Inventory records for marvin company reveal the following: date transaction number of units unit cost mar 1 beginning inventory 1,000 $7.20 mar 10 purchase 600 $7.25 mar 16 purchase 800 $7.30 mar 23 purchase 600 $7.35 marvin sold 2,300 units of inventory during the month. ending inventory assuming lifo would be: a) $5,135 b) $5,075 c) $5,055 d) $5,040

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.