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philyshahill
17.03.2020 •
Business
Henry has a utility function u(c, l) = √ c + 5√ l. He has two sources of income, salary from working and dividend income from investing his saving in the stock market. His budget constraint is c ≤ w(1 − l) + π.
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Ответ:
Explanation:
The correct value of inventory:
Year end balance $267,670
Add:
Goods purchased on term FOB shipping point $25,600
Goods sold on terms FOB destination $52,170
Less: Goods purchased on terms FOB destination ($43,630)
Correct inventory as on December 31 $301,810