What will happen to the equailibrium price and quantity of beef if the price of chicken feed increases?

a. Mountain Air Ski Resorts, Inc.'s net income for fiscal year [year] can be calculated by subtracting the total dividends paid from the overall increase in stockholders' equity during that period

. Since the problem statement does not provide specific values for the overall increase in stockholders' equity, dividends paid, or the fiscal year in question, the calculation cannot be performed accurately without this information.

b. Similarly, the number of new shares issued and sold by the corporation during the year cannot be determined without specific values or additional information regarding the equity sections of the balance sheets.

Without the necessary data regarding the overall increase in stockholders' equity, dividends paid, or the fiscal year in question, it is not possible to determine the net income for fiscal year [year] or the number of new shares issued and sold by Mountain Air Ski Resorts, Inc. during that period

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One action by an interviewee that is most likely to sabotage the interview process is providing false or misleading information.

When an interviewee deliberately provides false or misleading information during an interview, it undermines the trust and credibility between the interviewer and the candidate. It can severely impact the hiring process and lead to negative consequences for both parties involved. By providing inaccurate information, the interviewee not only compromises their chances of being selected for the position but also risks damaging their professional reputation.

Other actions that can sabotage the interview process include being unprepared, displaying unprofessional behavior, showing a lack of interest or enthusiasm, badmouthing previous employers or colleagues, and being disrespectful or rude. These actions create a negative impression and can result in the interviewee being disqualified from consideration for the job.

Therefore, providing false or misleading information during an interview is the action most likely to sabotage the interview process. It is essential for interviewees to be honest, prepared, professional, and demonstrate genuine interest in order to make a positive impression and increase their chances of success in the interview.

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Stock options provide an opportunity for employees to share in the company's success and align their interests with those of the company.

Secondly, stock options can be an effective tool for attracting and retaining talented employees. Offering stock options can be particularly appealing to employees who believe in the company's potential for growth and are willing to accept a potentially lower salary in exchange for the opportunity to benefit from future stock price appreciation.

From an employer's perspective, stock options can also be advantageous for tax purposes. In some jurisdictions, stock options are treated more favorably than salary when it comes to taxation. For example, in the United States, qualified stock options may receive favorable tax treatment under certain conditions. If certain holding periods are met, the employee may be eligible for capital gains tax rates, which are typically lower than ordinary income tax rates. This can result in potential tax savings for both the employee and the employer.

Employers use stock options in addition to salary to compensate their employees because it aligns their interests with the company's success and can be an effective tool for attracting and retaining talent. Furthermore, stock options can provide potential tax advantages for both the employee and the employer, depending on the jurisdiction and the specific conditions met.

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The item that would most likely differ on the cash budget and the budgeted income statement is the Bad Debt Expense.

Bad Debt Expense represents the estimated amount of accounts receivable that a company expects will not be collected. On the cash budget, Bad Debt Expense would not be included because it does not directly affect cash flows.

The cash budget focuses on cash receipts and cash disbursements, such as sales and expenses that involve actual cash transactions.

However, on the budgeted income statement, Bad Debt Expense is included as an expense because it reflects the impact on the company's profitability.

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Customer value is the unique combination of benefits received by targeted buyers. It can be evaluated as an average of several or ongoing buying occasions, or on a single buying occasion. Customer value is not solely determined by price, but rather by the overall benefits and experiences that customers receive.

Customer value refers to the unique combination of benefits that targeted buyers receive. It is important to note that customer value can be assessed in different ways. One approach is to consider customer value as an average of several or ongoing buying occasions.

This means that the value provided to customers is determined by considering the benefits received over a series of purchases.

For example, if a customer consistently receives high-quality products and excellent customer service from a company, they are likely to perceive high value from that brand.

Another perspective is to evaluate customer value on a single buying occasion. In this case, the benefits received by the customer during a specific purchase are the key factors determining value. For instance, if a customer receives a product that exceeds their expectations in terms of quality and functionality, they are likely to perceive high value from that specific purchase.

It is important to mention that customer value is not solely determined by price. While price can influence perceived value, it is not the sole determinant. Customers consider various factors such as product quality, features, convenience, customer service, and brand reputation when assessing value.

In conclusion, customer value is the unique combination of benefits received by targeted buyers. It can be evaluated as an average of several or ongoing buying occasions, or on a single buying occasion. Customer value is not solely determined by price, but rather by the overall benefits and experiences that customers receive.

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In order to minimize average total cost (ATC), a firm would operate at the level of production where MC is minimized.
Average total cost (ATC) is the total cost divided by the quantity of output. It includes both fixed costs (FC) and variable costs (VC).

Marginal cost (MC) is the change in total cost when one more unit of output is produced. It represents the additional cost incurred for producing each additional unit. When a firm operates at the level of production where MC is minimized, it means that the cost of producing an additional unit of output is at its lowest point. This is the optimal level of production for the firm because.

it ensures that the cost of producing each additional unit is minimized, resulting in lower average total cost (ATC).So, in summary, a firm would operate at the level of production where MC is minimized in order to minimize average total cost (ATC). This allows the firm to produce each additional unit at the lowest cost possible.

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The sales level that results in a project's net income exactly equaling zero is called the "financial" break-even.

This is the point where the revenue generated by the project covers all of its costs, including fixed costs and variable costs. At the break-even point, there is no profit or loss. To calculate the break-even point, you need to know the fixed costs, the variable costs per unit, and the selling price per unit.

The break-even point can be calculated using the formula: Break-even point = Fixed costs / (Selling price per unit - Variable costs per unit). By plugging in the values into the formula, you can determine the sales level needed to achieve the break-even point. It is important for businesses to know their break-even point as it helps them determine the minimum sales volume required to cover their costs and make informed decisions about pricing, production, and profitability.

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The efforts of the Fed when it increases reserves will be pointless if commercial banks seek liquidity and are willing to hoard cash.

When the Federal Reserve increases reserves by conducting open market operations, it aims to inject liquidity into the banking system to stimulate lending and economic activity. However, if commercial banks become risk-averse or concerned about their own liquidity position, they may choose to hold onto the increased reserves rather than lending them out.

If banks choose to hoard cash and not lend it to businesses and consumers, the intended effect of the Fed's actions will be negated. This can happen during periods of economic uncertainty or financial instability when banks prefer to maintain higher levels of reserves as a precautionary measure.

When banks hoard cash, it reduces the effectiveness of monetary policy in stimulating borrowing, investment, and overall economic growth. In such situations, the Fed may need to employ additional measures to encourage banks to lend, such as lowering interest rates or implementing targeted lending programs.

If commercial banks seek liquidity and are willing to hoard cash, the efforts of the Federal Reserve to increase reserves may be ineffective in stimulating lending and economic activity. This can hinder the intended impact of monetary policy on the broader economy.

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After 25 years, the amount earned from interest would be $550,000 - $550,000 = $0.

To find out how much money you earn from interest, we need to subtract the total amount invested from the final amount of $550,000.


First, let's determine the total amount invested over 25 years. Since you invest every month, we can multiply the monthly investment by the number of months in 25 years.

Since we are given that the annuity pays 3% interest, compounded monthly, this means that each month's investment will grow by 3%.

To calculate the monthly investment, we divide the final amount by the number of months in 25 years (which is 300 months since there are 12 months in a year and 25 years in total).

So, the monthly investment would be $550,000 / 300 = $1833.33 (rounded to two decimal places).

Next, we can calculate the total amount invested by multiplying the monthly investment by the number of months: $1833.33 * 300 = $550,000 (rounded to two decimal places).

Now that we have the total amount invested, we can subtract it from the final amount of $550,000 to find the amount earned from interest.


After 25 years, the amount earned from interest would be $550,000 - $550,000 = $0.

This means that the entire final amount of $550,000 comes from the investments made over the 25-year period.

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The trade was executed at a price of $20.50.

When selling ABC short, it means that you are selling shares of ABC stock that you do not currently own, with the intention of buying them back at a later time at a lower price.

The terms 20 stop 20.50 indicate that you are placing a stop order to sell ABC if the price drops to $20.50 or lower.

Looking at the ticker tape, we see that the prices listed are 19, 20, 21, 20.50, and 20.25.

The trade was executed when the price reached $20.50, which is the stop price specified in the order.

Selling stock and shares can be done through a broker or a trading platform.

A broker is a financial intermediary that can help you buy and sell stocks and shares on a stock exchange.

A trading platform is a software application that allows you to trade stocks and shares directly on an exchange.

The price at which your shares are sold will depend on the current market price of the stock or security. If you are selling a stock that is currently trading at a higher price than you bought it for, you will make a profit.

If you are selling a stock that is currently trading at a lower price than you bought it for, you will make a loss.

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The government agencies would be most interested in the output of financial accountants, while company salespeople would be most interested in the output of managerial accountants.

Financial accountants are accountants who use financial statements to assess the performance of a company. These professionals ensure that all financial records are kept up to date and that any accounting procedures are in compliance with legal and regulatory requirements. Financial accounting is concerned with the production of financial statements, which provide an overview of a company's financial health.

Managerial accountants, on the other hand, are concerned with the development of a company's business strategy. These accountants focus on the provision of data to executives and managers to help them make better decisions. This includes data analysis, budgeting, and financial forecasting. They assist businesses in making strategic decisions by producing financial analyses, performance reports, and cost reports.

The output of financial accountants is usually used by external stakeholders such as government agencies and tax authorities. Meanwhile, managerial accountants' output is mostly used by internal stakeholders such as salespeople and executives in the business.

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Managing a firm's resources in order to meet its goals and objectives is the role of strategic management.

Strategic management in the field of management refers to the development and execution of the main objectives and initiatives undertaken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organisation operates. A company's overall direction is provided by strategic management, which includes defining the organization's goals, creating plans and policies to accomplish those goals, and then assigning resources to carry out the plans.

To aid in strategic decision-making in the setting of complex environments and competitive dynamics, academics and practicing managers have created a variety of models and frameworks.

Because the nature of strategic management is dynamic, the models may also contain a feedback loop to track progress and guide future planning.

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When you pay cash rather than swiping a card, you tend to spend less. The correct answer is d. 7-11% less.

When individuals pay with cash rather than using a card or electronic payment methods, there is evidence to suggest that they tend to spend less. While the exact percentage may vary depending on the study and context, research has indicated that paying with cash can lead to reduced spending by around 7-11% on average.

Additionally, using cash can provide a tangible and visual representation of money, making individuals more conscious of their spending and less likely to make impulsive purchases. Moreover, paying with cash eliminates the possibility of incurring interest or fees associated with credit card usage, contributing to overall cost savings.

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The amount of contribution NRL deduct on "Form-1120", "U.S. Corporation" Income Tax Return, is limited to 25% of their "taxable-income", so, option (b) is correct.

The "NRL-Corporation" can deduct the cash contribution made to a qualifying charitable organization on Form 1120, U.S. Corporation Income Tax Return, up to 25% of their taxable-income.

This means that the deduction for the contribution is subject to a limit of 25% of NRL Corporation's taxable income. The tax code sets this limitation to prevent excessive deductions and ensure a reasonable balance between corporate giving and taxable income.

It is important for corporations to carefully consider applicable deduction limits when making charitable contributions to ensure compliance with tax-regulations.

Therefore, the correct option is (b).

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The given question is incomplete, the complete question is

In 2021, NRL Corporation made a cash contribution to a qualifying charitable organization. The amount of the contribution NRL can deduct on Form 1120, U.S. Corporation Income Tax Return, is limited to what percentage of their taxable income?

(a) 10%

(b) 25%

(c) 50%

(d) 100%

A price ceiling will transfer surplus from producers or suppliers to consumers. Here option D is the correct answer.

A price ceiling is a government-imposed maximum price that can be charged for a particular good or service. By setting a price ceiling below the market equilibrium price, the government aims to make the product more affordable for consumers. However, this intervention creates several economic effects.

When a price ceiling is set below the equilibrium price, it creates a shortage of the product. This occurs because the quantity demanded exceeds the quantity supplied at an artificially low price. As a result, consumers benefit from being able to purchase the product at a lower price, and the surplus (or consumer surplus) increases.

On the other hand, producers or suppliers face reduced profitability due to price constraints. They are unable to charge the market-clearing price, resulting in lower revenues and potentially lower quantities supplied.

The surplus (or producer surplus) decreases as a result, transferring the surplus from producers to consumers. Therefore option D is the correct answer.

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Complete question:

A price ceiling:

A - Will not create deadweight loss because efficiencies will be realized.

B - Will transfer surplus from producers or suppliers to consumers, but the price floor will not create deadweight loss.

C - Will transfer surplus from consumers to producers.

D - Will transfer surplus from producers or suppliers to consumers.

The socially optimal price and quantity would be $14 and 70.

The socially optimal price and quantity refer to the price and quantity that maximize social welfare or societal well-being. In this case, we are given a set of answer choices representing different price and quantity combinations.

To determine the socially optimal price and quantity, we need to consider the concept of market equilibrium. In a competitive market, the equilibrium price and quantity occur at the intersection of the demand and supply curves. At this point, the quantity demanded by consumers matches the quantity supplied by producers, resulting in an efficient allocation of resources.

Among the given answer choices, $14 and 70 represents the price and quantity at which the market achieves equilibrium. This implies that at a price of $14, consumers are willing to purchase 70 units of the product, and producers are willing to supply 70 units. At this price and quantity, the market achieves allocative efficiency, where resources are allocated in a way that maximizes overall societal welfare.

It's important to note that the socially optimal price and quantity can vary depending on the specific context and assumptions made. Factors such as externalities, market power, and government interventions can influence the optimal outcomes.

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The net income for the year ended December 31, 2018, for Tax Consultants Inc. was $1,320,000. To provide further analysis, we need additional information about the company's expenses, taxes, and any other relevant financial details. This information is necessary to calculate the company's taxable income and determine its tax liability.

For example, we would need to know the company's total expenses, such as salaries, rent, utilities, and other operating costs. By subtracting these expenses from the net income, we can calculate the taxable income. The company's tax liability would then be determined by applying the applicable tax rate to the taxable income.

Additionally, it would be helpful to have information about any deductions or credits that the company may be eligible for. These deductions or credits can reduce the company's tax liability and result in a lower overall tax burden.

Without this additional information, it is difficult to provide a more detailed analysis of the company's financial situation. However, with the provided net income figure, we can infer that Tax Consultants Inc. was profitable in 2018, earning $1,320,000 after accounting for all expenses. More information is needed to fully understand the company's financial position and tax obligations.

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If Brandon Edward were working to develop a forecast using a moving averages approach but he noticed a detectable trend in the historical data, he should not use the moving averages approach as this approach is not suitable for forecasting data with trends.

A trend in time series data represents a change in the long-term behavior of the data, such as an increase or decrease in values over time.

Using a moving averages approach for such data will produce unreliable forecasts since the approach only works well for data that fluctuates randomly around a mean.

A trend violates this assumption since the data values move in a specific direction over time, which will result in forecasts that are too high or too low. To develop accurate forecasts for data with a trend, Brandon should consider using a method that accounts for the trend, such as the exponential smoothing method.

This method is a time series forecasting approach that uses a weighted average of past observations, with more recent data being given more weight than older data.

By using a weighted average, the method accounts for the trend in the data and can produce more accurate forecasts than the moving averages approach.

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The total production of tacos and burritos is equal to twice the production of either tacos or burritos.



1. Let's assume that Arturo and Dina each divide their time equally between the production of tacos and burritos.
2. If we consider the production of tacos, Arturo's contribution would be half of the total taco production, and Dina's contribution would also be half of the total taco production.
3. Similarly, if we consider the production of burritos, Arturo's contribution would be half of the total burrito production, and Dina's contribution would also be half of the total burrito production.
4. Since Arturo and Dina divide their time equally between tacos and burritos, the total production would be the sum of their contributions in tacos and burritos.
5. Therefore, the total production of tacos and burritos is equal to twice the production of either tacos or burritos.

In conclusion, when Arturo and Dina divide their time equally between the production of tacos and burritos, the total production is equal to twice the production of either tacos or burritos.

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Work specialization can be counterproductive for several reasons, but one exception to this is when the tasks are highly complex and require specialized knowledge or skills.

In such cases, work specialization can be beneficial for efficiency and productivity.
1. Reduced job satisfaction: When work is highly specialized, employees may feel bored or unfulfilled by repetitive tasks. This can lead to decreased motivation and job satisfaction, which can ultimately affect productivity.
2. Lack of flexibility: Specialized workers may find it difficult to adapt to changes in the workplace or take on additional responsibilities outside of their specialized area. This lack of flexibility can hinder collaboration and hinder the organization's ability to respond to new challenges.
3. Reduced employee engagement: With work specialization, employees may have limited opportunities for personal growth and development. This can result in decreased engagement and a lack of enthusiasm for their work, leading to lower productivity levels.
4. Communication and coordination challenges: Specialized workers often focus on their specific tasks without fully understanding the broader context of their work. This can lead to difficulties in communication and coordination among team members, which can negatively impact overall productivity.
However, there is an exception to this. In certain cases, work specialization can be beneficial, especially when tasks require a high level of expertise or skill. For example, in fields like medicine or engineering, specialized knowledge is essential for providing accurate diagnoses or designing complex systems. In these situations, work specialization can lead to improved efficiency and better outcomes.
In conclusion, while work specialization can be counterproductive in many situations, there are exceptions when specialized knowledge or skills are necessary for certain tasks. It is important to strike a balance between specialization and the need for flexibility, job satisfaction, and overall employee engagement.

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The balloon payment at maturity (Year 5) would be $2,196,447.59. The correct answer is: $2,196,447.59

To calculate the balloon payment at the maturity of a balloon mortgage loan, we need to determine the remaining principal balance after the 5-year term.

The loan amount is $2,500,000, and it amortizes over 25 years, which means the monthly payments are based on a 25-year repayment schedule. To find the monthly payment, we can use the loan amount, term, and interest rate.

Using a mortgage loan calculator, we can calculate the monthly payment:

Loan Amount: $2,500,000

Term: 25 years (300 months)

Interest Rate: 4.5% per year (0.045/12 per month)

The monthly payment would be approximately $12,649.63.

Next, we need to calculate the remaining principal balance after 5 years (60 months) of making monthly payments. For this, we can use an amortization schedule or a loan balance calculator.

Using an amortization schedule, we find that after 60 months, the remaining principal balance is approximately $2,196,447.59.

Therefore, the balloon payment at maturity (Year 5) would be $2,196,447.59.

The correct answer is: $2,196,447.59.

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Johannsen signs a contract to sell his home to Smithson. At the closing, Johannsen gives Smithson a general warranty deed. In this situation, Johannsen is the grantor.

A general warranty deed is a type of property deed that includes certain assurances or guarantees about the property's title. When a seller provides a general warranty deed, they are promising that they have the legal right to sell the property and that there are no outstanding claims against the property.

This type of deed also ensures that the property is free and clear of any liens, mortgages, or other encumbrances.

When it comes to real estate transactions, the grantor is the person who is selling the property, and the grantee is the person who is buying the property. In the given situation, Johannsen is the grantor as he is selling the property, and Smithson is the grantee as he is buying the property.

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If a country experiences high inflation relative to Malaysia, its imports from Malaysia should decrease, its exports should increase, and there is downward pressure on its currency's value against the ringgit.

High inflation in a country means that the prices of goods and services are increasing. This makes imports from other countries more expensive.When a country experiences high inflation relative to another country, it becomes more expensive for the first country to import goods from the second country. As a result, the first country tends to decrease its imports from the second country, such as Malaysia in this case.

On the other hand, when a country experiences high inflation relative to another country, its goods become relatively cheaper for the second country. This may lead to an increase in exports from the first country to the second country In the context of the given question, if a country is experiencing high inflation compared to Malaysia, it means that the first country's imports from Malaysia should decrease. At the same time, its exports to Malaysia should increase.

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Items found on your monthly bank statement but not found in your check register are typically bank fees, service charges, or other deductions made by the bank.

When reconciling your bank statement with your check register, it is important to identify any discrepancies between the two. If you come across items on your bank statement that are not recorded in your check register, they are likely expenses imposed by the bank. These can include various fees such as monthly service charges, ATM fees, overdraft fees, or penalties for insufficient funds.

It is important to review your bank statement carefully to understand the nature of these deductions and ensure their accuracy. Bank fees and charges can affect your account balance and financial records, so it is essential to account for them properly in your financial management.

To reconcile the discrepancy between your bank statement and check register, you should add these bank fees and charges to your check register as deductions. By doing so, you can maintain an accurate record of your account balance and ensure that your financial statements reflect all relevant transactions.

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In the long run, this can be expected to increase long-run aggregate supply and increase aggregate demand as well.

Lowering the cost of college education can have positive effects on long-run aggregate supply. By making education more affordable, it encourages more individuals to pursue higher education, which can lead to an increase in the supply of skilled labor in the economy. With a larger pool of educated workers, the economy can benefit from increased productivity, innovation, and economic growth in the long run.

Additionally, reducing the cost of college education may also have an impact on aggregate demand. Lowering the financial burden of education can increase the disposable income of individuals, which can stimulate consumer spending and overall aggregate demand. This increased demand for goods and services can have positive effects on economic growth and employment.

The specific impact on aggregate demand will depend on various factors, including the extent to which individuals redirect their savings from lower education costs towards consumption and the overall state of the economy.

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The slope of the curve when drawing an economy's production function, with output on the vertical axis and labor on the horizontal axis, is equal to the marginal product of labor (MPL).

The economy's production function represents the relationship between the amounts of labor employed by a firm and the amount of output it generates. It is represented graphically by a curve, where output is plotted on the vertical axis and labor is plotted on the horizontal axis.

The slope of this curve is equal to the marginal product of labor (MPL).The marginal product of labor (MPL) is the additional output that results from employing an additional unit of labor, holding all other inputs constant. As labor input increases, MPL initially rises but then eventually declines due to the law of diminishing marginal returns. Thus, the slope of the production function curve declines as labor input increases.

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On November 1, 2020, Elle Supplies, Inc. purchased 2,000 shares of Fashion Works, Inc. for $30,000. Fashion Works shares are actively traded. The per share stock prices were $15.

Given that Elle Supplies,

Inc. purchased 2,000 shares of Fashion Works,

Inc. for $30,000, the per share stock prices are as follows:

$30,000 ÷ 2,000 shares = $15 per share

The per share stock prices for Fashion Works are $15.

We need to determine what the question is asking for.

If the question requires computation, a detailed step-by-step solution may be provided without worrying about the word count.

In this case, the computation has been provided.

Therefore, On November 1, 2020, Elle Supplies, Inc. purchased 2,000 shares of Fashion Works, Inc. for $30,000. Fashion Works shares are actively traded.

The per share stock prices were $15.

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The amount of ending inventory at lower-of-cost-or-net realizable value is $22,480.

To determine the amount of ending inventory at lower-of-cost-or-net realizable value, we need to compare the cost of each item with its net realizable value (NRV) and choose the lower value.

First, let's calculate the cost of the ending inventory for each item:
- DVRs: 140 units * $59 per unit = $8,260
- DVD players: 210 units * $75 per unit = $15,750
- iPods: 175 units * $80 per unit = $14,000

Next, let's compare the cost of each item with its net realizable value:
- DVRs: NRV is given as $71, which is higher than the cost of $59 per unit, so we will use the cost of $59.
- DVD players: NRV is given as $68, which is lower than the cost of $75 per unit, so we will use the NRV of $68.
- iPods: NRV is given as $78, which is higher than the cost of $80 per unit, so we will use the cost of $80.

Now, let's calculate the total amount of ending inventory at lower-of-cost-or-net realizable value:
$8,260 + ($68 * 210) + $14,000 = $22,480

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Therefore, the final balance of the retained earnings account after the closing entries is $410.

The closing entries indicate debits and credits to the retained earnings account. In this case, the debits total $350 and the credits total $760.

1. Debits to retained earnings: When there is a debit to the retained earnings account, it means that the company has recognized expenses or losses that decrease its net income for the accounting period. These debits reduce the balance of retained earnings.

2. Credits to retained earnings: Conversely, when there is a credit to the retained earnings account, it means that the company has recognized revenues or gains that increase its net income for the accounting period. These credits increase the balance of retained earnings.

Based on the given information, the debits to retained earnings total $350 and the credits to retained earnings total $760. To determine the final balance of the retained earnings account, we need to calculate the difference between the total credits and total debits.

To find the final balance of the retained earnings account, we subtract the total debits from the total credits: $760 - $350 = $410.

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The party who holds a real estate license and provides services for a consumer without being an agent or advocate of the consumer is known as a broker.

A real estate broker is licensed to facilitate real estate transactions, represent clients, and provide services related to buying, selling, or leasing property. While an agent primarily acts on behalf of a client, a broker may provide services that are more transactional or facilitative in nature, such as assisting with property searches, connecting buyers and sellers, or managing rental properties. It's important to note that real estate licensing laws and regulations can vary by jurisdiction, so specific roles and responsibilities may differ accordingly.

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