If planned expenditure is 3000 and income is 3500, calculate the level of unplanned inventory investment. Include a negative sign if unplanned inventory depletion has occurred; exclude the negative sign if unplanned inventory accumulation has occurred.

If aggregate demand is less than the level of aggregate output, ___________________.a.inventory investment will be unaffectedb.inventory investment will be positivec.inventory investment will be negatived.insufficient information to determine the level of inventory investmentClear my choice

When there is an unplanned decrease in inventories________. a. a firm experiences much higher sales than expected. b. actual inventory investment equals planned inventory investment. c. actual inventory investment is less than planned inventory investment. d. actual inventory investment is greater than planned inventory investment.

nventory is reported on the ______. Later, when the inventory is sold, it becomes ______.Multiple choice question.income statement as Gross Profit; Cost of Goods Sold on the income statementincome statement as in transit inventory; Cost of Goods Sold on the balance sheetbalance sheet as a current asset; Cost of Goods Sold on the income statementbalance sheet as noncurrent asset; Gross Profit on the income statement

If sales = $455,000, purchases = $225,000, beginning inventory = $150,000 and ending inventory = $118,000, gross profit is:$198,000$230,000$75,000$257,000

An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity, but also the next period's statements becauseMultiple choice question.cost of goods sold of one period is the cost of goods sold in the next period.beginning inventory of one period is the ending inventory of the next period.net purchases in one period is also the net purchases in the next period.ending inventory of one period is the beginning inventory of the next period.