nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. the rates of inflation are forecast to
Answers
Nancy's wage increase be expressed in the new contract COLA plus 2.4%.
Two factors that complicate the inflation rate calculation are substitution and quality/new product biases. No consideration is given to improving the quality of existing products or inventing new products.
Inflation is defined as a significant increase in the price of goods and services across the economy over an extended period of time, which reduces the purchasing power of both consumers and businesses. As the name suggests creeping inflation also called mild inflation is when the price of goods and services rises very slowly. If prices are rising below 3% a year it's creeping inflation.
Learn more about Inflation here:-https://brainly.com/question/777738
#SPJ4
Related Questions
TRUE OR FALSE
16. Bond price will move parallel with the yield to maturity.
17. Mutual funds are market intermediaries.
18. The relation between stocks, returns and index is called beta.
19. Purchasing power is part of the systematic risk.
20. Bondholders incur certain risks when investing in bonds are current yield, yield to maturity, and interest rate.
Answers
The statements 16, 18, 19 regarding bond prices, relation between stocks and purchasing power are all False. Whereas statement 17 and 20 regarding mutual funds and bondholders are True.
16. False: Bond prices and yields to maturity move in opposite directions. When bond yields rise, bond prices fall, and vice versa. This inverse relationship is known as interest rate risk.
17. True: Mutual funds are indeed market intermediaries. They pool money from multiple investors and invest in a diversified portfolio of securities such as stocks, bonds, or other assets, according to the fund's investment objectives.
18. False: The relation between stocks, returns, and index is not called beta. Beta is a measure of systematic risk or volatility of a stock or portfolio in relation to the overall market. It indicates how much the stock's returns are expected to move relative to the market returns. The relationship between stocks, returns, and index is generally referred to as market performance or correlation.
19. False: Purchasing power risk is not part of systematic risk but rather a form of inflation risk. Systematic risk refers to the risk inherent in the entire market or a particular sector, affecting all investments to some degree. Purchasing power risk relates to the potential loss of value in money or investments due to inflation.
20. True: Bondholders do face certain risks when investing in bonds, and some of these risks include current yield, yield to maturity, and interest rate risk. Current yield is the bond's annual interest payment divided by its current market price. Yield to maturity is the total return anticipated if the bond is held until it matures. Interest rate risk is the risk that changes in interest rates will affect bond prices and yields.
To know more about mutual funds, visit:
https://brainly.com/question/22525531#
#SPJ11
omeone who likes building, designing, or creating things probably has a(n) _____. a. naturalistic learning styles b. bodily/kinesthetic learning style c. logical/mathematical learning style d. visual/spatial learning style Please select the best answer from the choices provided A B C D
Answers
Answer:
D. Visual/spatial learning style.
Explanation:
Someone* have a great day<3
Answer:
I assume D
Explanation:
A is a maybe but when it comes to buildings, It tips me off of the idea from an naturalist style,
b doesn't seem to be the answer as if " learning takes place by the students carrying out physical activities, rather than listening to a lecture or watching demonstrations."
C logical and mathicals ways is different from designs and the artistic way of building this seems to be in a career for maybe a bank teller or a teacher
1. Which one of the following strategies will result in your paying NO interest to the credit card company?
Paying the minimum monthly payment due each billing cycle
Paying the entire credit card bill in full by the end of each calendar year
Paying off your entire balance every month by the due date
Only using your credit card for purchases, not for withdrawals from the ATM
Answers
One of the following strategies will result in your paying NO interest to the credit card company is paying off your entire balance every month by the due date.
What is a credit card?Credit cards provide you with a line of credit that you can use for purchases, debt transfers, and/or cash advances, with the requirement that you repay the loan amount over time.
When using a credit card, you must make at least the minimum payment on the debt each month by the due date.
Thus, the correct option is C, paying off your entire balance every month by the due date.
Learn more about credit card
https://brainly.com/question/27350251
#SPJ1
When service performance is within the zone of tolerance customers are likely to be?
Answers
Adequate service is not as good as desired service, and the separation between the two is the zone of tolerance
What is Zone of Tolerance in service?Customers' expectations of the type of service they want and the bare minimum of service that is acceptable make up the zone of tolerance. The desired service is the higher level of their expectation, while the acceptable service can be thought of as the lower level of what they anticipate to obtain.The range of service performance that a customer deems acceptable is known as the zone of tolerance. Customer annoyance and reduced loyalty will result from performance below the tolerance zone. Customers will be pleasantly surprised and will be more loyal as a result of performance levels exceeding the tolerance zone.Customers may accept variance within a range of performance, and any increase in performance within this range will only have a minimal impact on the zone of tolerance's relevance.
To learn more about Zone of Tolerance in service refers to:
brainly.com/question/536619
#SPJ4
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
Learn more about the safety of goods here:
https://brainly.com/question/28480753
#SPJ1
After operating for years as a privately held corporation, MidAtlantic Ironworks plans to publicly trade its stock. As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The ________ provides the best fit for MidAtlantic's plans.
Answers
Answer:
I think the answer is"manager".
As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The over-the-counter market provides the best fit for MidAtlantic's plans.
What is over-the-counter market?Without the use of a central exchange or broker, market participants can trade stocks, commodities, currencies, or other financial instruments directly between two parties in a decentralized market known as an over-the-counter (OTC) market.
Since there are no physical sites for over-the-counter markets, trading is done online. Comparing this to an auction market structure is completely different. OTC marketplaces often have less transparency and are subject to fewer restrictions than exchanges.
By quoting prices at which they will purchase and sell a security, currency, or other financial instruments, dealers serve as market makers in an OTC market. In an OTC market, a trade can be made between two parties without the other parties being aware of the price at which the deal was made.
Even though OTC markets run smoothly most of the time, there remains a risk known as a counter-party risk that one of the parties to the transaction may default before the deal is finished or won't fulfill the current and future payments that are stipulated in the contract.
Learn more about over-the-counter market, here
https://brainly.com/question/13916369
#SPJ5
what is business development
Answers
Internet is both boon and curse. Justify the statement
Answers
Why Internet is a boon :-
Because of internet, world has became a global village.
Internet encourages freedom of speech.
Internet is empowering everyone including those who are residing at remotest places.
Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.
Education got globalized. Students can take any course in any college through E-learning.
New innovations and resources can now be shared easily.
Transfer of files was made easy.
There is no limit to store information in the internet.
Communication has never been this easier.
We can pay bills or buy items from home, that would have required to go outside otherwise.
We can find information about anything.
We can develop our skills through many free courses available in internet.
Internet can be used for entertainment such as playing video games, watching movies etc.
The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.
Why Internet is a bane :-
According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.
Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.
The present generation has way too many distractions because of internet.
Lack of security, because hackers can easily theft data or can manipulate it.
Face to face communication has reduced.
Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.
Through Internet, viruses and malware spread easily and total data can get corrupted.
Many waste their precious time on internet.
Gossips spread easily. The privacy of celebrities is diminishing.
Internet addiction is now one of the modern world problems.
Conclusion :-
Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.
Beth deposits $200,000 into her
personal savings account. How much of
her deposit is insured by the FDIC?
$50,000
$150,000
$200,000
Answers
Beth deposits $200,000 into her personal savings account. $ 50,000 more she need to deposit insured by FDIC.
Option A is correct.
For each account ownership category, the standard insurance amount is $250,000 per depositor, per insured bank. The FDIC covers deposits in different ownership categories in different ways.
What is the FDIC's role?Deposits are protected by the FDIC; examines and supervises financial institutions for consumer protection and safety; makes it possible to resolve large and complex financial institutions; likewise oversees receiverships.
What is the FDIC and how significant is it?The Federal Deposit Insurance Corporation (FDIC) is an independent government agency that safeguards insured deposits in the event of bank failure. The insurance provided by the FDIC is backed by the government of the United States. The National Credit Union Administration, which regulates and insures credit unions, is the other agency that provides deposit insurance to depositors in American depository institutions. The Federal Deposit Insurance Corporation is one of those two agencies .
Learn more about FDIC :
brainly.com/question/14308403
#SPJ1
Suppose Ross wants to reexamine his decision of buying the bracket and is considering making the brackets in-house. He has determined that setup costs would be $25 in machinist time and lost production time, and 50 brackets could be produced in a day once the machine has been set up. Ross estimates that the cost (including labor time and materials) of producing one bracket would be $14,80. The holding cost would be 10% of this cost. Required: a) What is the daily demand rate? b) What is the optimal production quantity? Round up to nearest whole number. c) Given the optimal production run size in part b, what is the total annual inventory cost (including purchase cost, holding, and setup costs)?
Answers
The daily demand rate is 100 brackets. This is calculated by dividing the annual demand of 10,000 brackets by the number of days in a year, which is 365.
The optimal production quantity is 60 brackets. This is calculated using the economic order quantity (EOQ) formula, which is:
Code snippet
EOQ = sqrt(2DS/H)
Use code with caution. Learn more
where:
D = daily demand rate = 100 brackets
S = setup costs = $25
H = holding costs = 10% * $14.80 = $1.48
The total annual inventory cost is $1,735. This is calculated by adding the annual purchase cost, holding cost, and setup cost. The annual purchase cost is $1,480. This is calculated by multiplying the annual demand of 10,000 brackets by the cost per bracket of $14.80. The annual holding cost is $295. This is calculated by multiplying the optimal production quantity of 60 brackets by the holding cost per bracket of $1.48 and the number of days in a year, 365. The annual setup cost is $912.50. This is calculated by multiplying the number of setups per year, 10,000 / 60 = 166.67, by the setup cost of $25. The total annual inventory cost is $1,735. This is calculated by adding the annual purchase cost of $1,480, the annual holding cost of $295, and the annual setup cost of $912.50.
Learn more about brackets here:
https://brainly.com/question/29295697
#SPJ11
What is added to the price of goods and services at the time of purchase?
Answers
Answer:
VAT
Value Added Tax
______________'_''
Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answers
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
If you are late paying your bill, what is the impact on your annual fee?
Answers
Answer:
It will most likely increase
Explanation:
The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.
What is bill?A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.
If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.
Therefore, the late payment of bill would increase the amount of interest.
Learn more about the bill, refer to:
https://brainly.com/question/14033097
#SPJ2
Does anyone have a perfect competition business example?
Answers
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation:
Question 1 of 10
Why do managers care about soft skills when hiring for a technical job?
A. They want to know that the applicant will enjoy corporate events
and activities.
B. They want to be sure the applicant will be able to complete the
assigned tasks.
C. They want to be sure the applicant has no outside interests that
will interfere with work.
D. They want to be sure the applicant can collaborate and work well
with other team members.
Answers
D. They want to be sure the applicant can collaborate and work well
with other team members.
Explanation:
Managers do care about soft skills when hiring for a technical job as they want to be sure the applicant can collaborate and work well with other team members. The correct option is d.
What is a technical job?Technical jobs are those that require specific talents and expertise an individual possesses that help them perform a certain task or job. These skills differ from soft skills, which instead describe character and personality traits.
Technical skills are abilities an individual acquires through practice and learning, although a person may bring an inherent propensity for a certain skill. An individual who possesses a particular proficiency for coding, for instance, would have a sought-after technical skill as a job candidate at a software or technology company. Technical job skills are ideal to list on the skill section of a resume because they shine a light on abilities and strengths.
However, it is important to realize not all technical skills at an individual’s disposal should be listed.
Learn more about technical, here:
https://brainly.com/question/3123459
#SPJ2
PLEASE help im stuck
What management principle caused the cost per bushel to change? Explain how the principles applied to this example.
Answers
Answer:
Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.
If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?.
Answers
The error will be declared as overstated.
What is overstated?
If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.
Auditors will question the board of directors of the corporation to explain why non-current assets in the accounts were exaggerated and not represented at their recoverable amount.
Preproduction expenses for the fiscal year 2010 were inflated by almost $4 million, totaling $55.4 million.
If an account or a figure on an account is inflated, the amount represented on the financial statement will be more than it should be.
The phrase "overstated" has two meanings when used by an accountant:
1. The reported sum is inaccurate, and
2. The amount that was reported exceeds what is true or accurate.
Another account will also have an inaccurate balance in a double-entry accounting or bookkeeping system.
To learn more about overstated from the given link
https://brainly.com/question/17091446
#SPJ4
If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following? Competitive risk Market analysis Marketing Expansion capital
Answers
Answer:
Expansion capital
Explanation:
Expansion capital can be defined as the money that a company uses to expand itself and business. Expansion capital is always included in company balance sheets. Expansion capital is also known as growth capital.
Expansion or growth money usually covers additional inventory, equipment, marketing cost, employees, etc as seen in the question.
Cheers.
Identify two of Tumi Manufacturers complies with the
Answers
Two of the laws that Tumi manufacturers comply with are
Labor lawsEnvironmental laws.What is corporate social responsibilityThis is the responsibility of an organization to the the area where they operate.
The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.
Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.
Read more on corporate social responsibility here: https://brainly.com/question/1373962
What is a sales forecast?
A. A prediction of what other businesses will make similar products
B. A prediction of how many customers a business will have visit its
store
C. A prediction as to the volume of sales that a business expects to
make in the upcoming future
Answers
A sales forecast is A prediction as to the volume of sales that a business expects to make in the upcoming future. Thus the correct option is C.
What is the objective of the sales Forecast?A sales forecast is a projection of the engagements that will go through the selling process and is a statement of anticipated sales revenue that expresses how much your organization anticipates selling within a specific time frame.
Making well-informed choices about the management of the firm, including decisions about staffing and inventory, new product lines, and prospective marketing initiatives, is aided by sales predictions.
By the use of sales forecasting, firms can more correctly predict their expenses and revenue. Time and money wasted on unsuitable candidates or customers must be reduced for better prospecting.
Therefore, option C is appropriate.
Learn more about sales forecast, here:
https://brainly.com/question/15576475
#SPJ5
To significantly enhance customer choices, Levi combines flexible manufacturing with flexible marketing. Customers may visit the Levi's clothing website or some company-owned stores and order a pair of jeans that will be made especially for them. Levi's has adopted a ________ orientation approach
Answers
Levi's has adopted a mass customization orientation approach.
According to the background to the issue, it is correct to state that Levi took a mass customization orientation approach.
This is a strategy that companies use to provide differentiated products and services to meet a customer's specific needs.
The mass customization process is the focus on the product with a flexible production, which guarantees the possibility of a high production and at a lower cost, which therefore means selling a customized product offering a low price to the customer.
Mass customization has the benefits of satisfying consumer desires and creating added value to the company's products and services, which generates better positioning and competitiveness.
Learn more here:
https://brainly.com/question/7310651
compute the response time and turnaround time when running five jobs of length 200 with the fifo and sjf schedulers.
Answers
To compute the response time and turnaround time for five jobs of length 200 with the FIFO and SJF schedulers, we need to assume the arrival time for each job and the processing time for each job.
For the purpose of this example, let's assume the arrival time for each job is in order of 0, 2, 4, 6, and 8 and the processing time for each job is 200.
Using FIFO Scheduler:
Job 1 arrives at time 0 and starts processing immediately, completes at time 200.
Job 2 arrives at time 2 and waits for Job 1 to complete, starts processing at time 200 and completes at time 400.
Job 3 arrives at time 4 and waits for Job 2 to complete, starts processing at time 400 and completes at time 600.
Job 4 arrives at time 6 and waits for Job 3 to complete, starts processing at time 600 and completes at time 800.
Job 5 arrives at time 8 and waits for Job 4 to complete, starts processing at time 800 and completes at time 1000.
Therefore, the response time for each job is:
Job 1: 0
Job 2: 200 - 2 = 198
Job 3: 400 - 4 = 396
Job 4: 600 - 6 = 594
Job 5: 800 - 8 = 792
The average response time is (0 + 198 + 396 + 594 + 792)/5 = 396 milliseconds.
The turnaround time for each job is:
Job 1: 200
Job 2: 400
Job 3: 600
Job 4: 800
Job 5: 1000
The average turnaround time is (200 + 400 + 600 + 800 + 1000)/5 = 600 milliseconds.
Using SJF Scheduler:
Job 1 arrives at time 0 and starts processing immediately, completes at time 200.
Job 2 arrives at time 2 and starts processing immediately, completes at time 202.
Job 3 arrives at time 4 and starts processing immediately, completes at time 204.
Job 4 arrives at time 6 and starts processing immediately, completes at time 206.
Job 5 arrives at time 8 and starts processing immediately, completes at time 208.
Therefore, the response time for each job is:
Job 1: 0
Job 2: 2 - 2 = 0
Job 3: 4 - 4 = 0
Job 4: 6 - 6 = 0
Job 5: 8 - 8 = 0
The average response time is (0 + 0 + 0 + 0 + 0)/5 = 0 milliseconds.
The turnaround time for each job is:
Job 1: 200
Job 2: 202
Job 3: 204
Job 4: 206
Job 5: 208
The average turnaround time is (200 + 202 + 204 + 206 + 208)/5 = 204 milliseconds.
To know more about response time:
https://brainly.com/question/13958554
#SPJ4
Managers, across industries, spend about _____% of their time in verbal interaction. Group of answer choices 25 33 50 95 75
Answers
The average time which managers, across industries, spend in verbal interaction is:
E. 75%According to the given question, we are asked to find out the average time which managers, across industries, spend in verbal interaction between themselves and other subordinates.
As a result of this, we can see that based on the research done by Deirdre Borden, they made us of qualitative method of interviews, surveys, polls, etc to come to the conclusion that the average time spent is about 75%.
Therefore, the correct answer is option E.
Read more here:
https://brainly.com/question/13421710
According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Answers
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
Find out more on deficit spending at https://brainly.com/question/1371898.
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory
Answers
Answer:
Units in ending inventory is 25
Explanation:
The units in ending inventory can be computed using the cost of goods sold formula and rearranging it to make ending inventory the subject of the formula.
Cost of goods sold=beginning inventory+units produced-ending inventory
ending inventory=beginning inventory+units produced-Cost of goods sold
beginning inventory is 0
units produced is 250 units
unit sold is 225 units
ending inventory=0+250-225
ending inventory=25 units
the ability to leverage organizational resources over another channel member to make a change in strategy, tactics and/or customer relationships is:
Answers
The ability to leverage organizational resources over another channel member to make a change in strategy, tactics and/or customer relationships is referred to as channel power.
Channel power can be exerted by a manufacturer over a distributor, or by a retailer over a supplier, for example. The extent of channel power can depend on various factors such as market share, brand recognition, and resource availability.
Effective use of channel power can result in improved profitability and competitive advantage.
The ability to leverage organizational resources over another channel member to make a change in strategy, tactics, and/or customer relationships is known as channel power.
Channel power allows one member of the distribution channel to influence the actions and decisions of other members, ultimately shaping the overall distribution strategy and tactics. This can lead to more effective and efficient distribution systems, improved customer relationships, and better alignment of resources within the channel.
Learn more about distribution channel here: https://brainly.com/question/15101442
#SPJ11
What is the structure of Public corporation
Answers
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
________ is a term that denotes the set of assets and liabilities that are linked to a brand and enable it to raise a firm's valuation.
Answers
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply.
Answers
The additional details that should be included in the communication plan for performing backlog clean-up every month are: Location, Type of communication, Recipients, and Duration.
What additional details should be included in the communication plan?The communication plan for performing backlog clean-up every month should include details such as the Location where the clean-up will take place, the Type of communication that will be used (e.g., in-person meeting, email, video conference), the Recipients who need to be informed or involved in the clean-up process.
The Duration of the clean-up session (e.g., how long it is expected to take). Including these additional details in the communication plan helps ensure that everyone is aware of when and how the backlog clean-up will be conducted, facilitating effective coordination and productivity improvement in the organization.
Full:
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply. Location Type of communication Recipients Duration
Read more about communication plan
brainly.com/question/20563123
#SPJ1
accounts automatially reated by quickbooks when you choose an inventory item part in the new item windows is called____
Answers
Accounts automatically created by QuickBooks when you choose an inventory item part in the new item window are called Inventory Asset accounts.
When you select an inventory item part in the new item window of QuickBooks, the software automatically creates and associates an Inventory Asset account with that item. The Inventory Asset account is used to track the value of the inventory items on the balance sheet. It represents the cost of the inventory that the company holds for sale. As transactions related to the inventory items are recorded, such as purchases, sales, and adjustments, QuickBooks automatically updates the Inventory Asset account to reflect the changes in the inventory's value. This allows businesses to have an accurate representation of their inventory's worth and helps in managing inventory levels, cost of goods sold, and overall financial reporting. By automatically creating and using the Inventory Asset account, QuickBooks simplifies the process of tracking and managing inventory for businesses using its software.
learn more about Inventory Asset here:
https://brainly.com/question/28814343
#SPJ11