The daily grind sells coffee makers. its inventory of coffee makers without timers cost $20,000 and has a net realizable value of $10,000. its inventory of coffee makers with timers cost $35,000 and has a net realizable value of $35,000. what amount should be reported for daily grind's inventory? a :

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

How do communism and socialism differ in terms of the role that government plays in the economy ?