On december 28, year 2, kerr manufacturing co. purchased goods costing $50,000. the terms were fob destination. some of the costs incurred in connection with the sale and delivery of the goods were as follows: packaging for shipment $1,000 shipping 1,500 special handling charges 2,000 these goods were received on december 31, year 2. in kerr's december 31, year 2 balance sheet, what amount of cost for these goods should be included in inventory?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Which of these is an example of innovation?

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows: