Marr corporation has two products in its ending inventory, each accounted for at the lower of cost or market. aprofit margin of 30% on selling price is considred normal for each product. specific data with respect to each product follows:

product 1 product 2

a) historical cost 20.00 35.00

b) replacement cost 22.50 27.00

c) estimated cost to dispose 5.00 13.00

d) estimated selling price 40.00 65.00

in pricing its ending inventory using the lower of cost or market, waht units values should oslo use for products #1 and # respectively?

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?

Rats that received electric shocks were unlikely to develop ulcers if the