Ace company is a manufacturer of electrical appliances. the following transaction occurred near ace company’sdecember 31 fiscal year-end date: a packing case containing products costing $10,000 was found in ace's branch office warehouse when the physicalinventory count was taken on december 31. the case was labeled: "hold for shipping to customer on january 5." theshipping documents show that the sale to ace’s customer is 'fob shipping."for the preparation of ace’s december 31 financial statements, which of the following is correct? (a) the packing case should not be included in ace’s december 31 inventory balance. ace should recognize a sale inrespect ofthe inventory’s selling price.(b) the packing case should be included in ace’s december 31 inventory. ace should recognize a sale in respect of theinventory’s selling price.(c) the packing case should be included in ace's december 31 inventory. ace should not recognize a sale in respect of theinventory’s selling price.(d) the packing case should not be included in ace’s december 31 inventory. ace should not recognize a sale in respect ofthe inventory‘s selling price.

How do patents and copyrights encourage innovation? they limit the number of inventions an individual may patent or copyright, so more people can invent things. they prevent inventors and other creative people from making huge profits, thus keeping prices low for consumers. they grant companies the right to copy the inventions and creative works of individuals at little or no cost. they give inventors and writers exclusive rights to make and sell their inventions and works, possibly making large profits?

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.