Which of the following statements, if any, concerning disclosures about fair value measurements in periods subsequent to initial recognition is/are correct? i. the fair value hierarchy level within which fair value measurements fall must be disclosed. ii. quantitative fair value measurement disclosures must be in tabular format. a) both i and ii are correct. b) i only. c) ii only. d) neither i nor ii are correct.

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?

Which of the following best describes what production accomplishes? a. efficient use of natural resources. b. a reduction in the size of the labor force. c. an increase in supply that lowers prices. d. value added to resources that already exist.