The balance sheet value of a firm's inventory is $70,000. Suppose that the firm purchases supplies at a cost of $2,000 and adds them to inventory. A day later, the market value of the recently purchased supplies changes to $3,500. Assuming no other changes to inventory, and using the historical cost method, what is the final balance sheet value of inventory?

Three students were applying to the same graduate school. they came from schools with different grading systems. student gpa school average gpa school standard deviation thuy 2.9 3.2 0.8 vichet 83 75 20 kamala 8.6 8 0.4 which student had the best gpa when compared to other students at his school? explain how you determined your answer. (enter your standard deviation to two decimal places.) correct: your answer is correct. had the best gpa compared to other students at his school, since his gpa is 2.25 incorrect: your answer is incorrect. standard deviations correct: your answer is correct. his school's average gpa.