Montana co. has determined its year-end inventory on a fifo basis to be $600,000. information pertaining to that inventory is as follows: selling price $620,000 costs to sell 30,000 replacement cost 520,000 what should be the reported value of montana's inventory?
a. $600,000.
b. $520,000.
c. $590,000.
d. $620,000.

Aminor has the legal right to repudiate

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.