On april 1, robert llc purchased two units of inventory, a and b. the cost of unit a was $655, and the cost of unit b was $555. on april 30, robert llc had not sold the inventory. the market value of unit a was now $670 while the market value of unit b was $470. the adjustment associated with the lower-of-cost-or-market method on april 30 will be: cost of goods sold 70 inventory 70 inventory 70 cost of goods sold 70 cost of goods sold 85 inventory 85 inventory 85 cost of goods sold 85

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Select the correct answer. the word intestate means that a person has died with or without a will?