Williams Company had the following balances and transactions during 2019. Beginning inventory 10 units at $70 June 10 purchased 20 units at $80 December 30 sold 15 units for $100 December 31 replacement cost $60 Question: What would the company's inventory amount be on the December 31, 2019 balance sheet if the perpetual FIFO method is used? (Answers are rounded to the nearest dollar.)

mauve company permits employees to occasionally use the copying machine for personal purposes

answer; erp systems;

the answers are

a, b, c, & e.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.