A firm's ending retail book value of inventory is $30,000 . A physical inventory (at retail) shows a value of $24,250 . If the retailer's cost complement is .8, what is the ending inventory value at cost?

What happens when there is a surplus in a market?

a. There is upward pressure on price. b. There is downward pressure on price. c. The market could still be in equilibrium. d. There are too many buyers chasing too few goods.

The losses due to human error are minimal, and hence, organizations tend to ignore these losses

Indicate whether the statement is true or false