Thanks to a New Conservation Program, a Population with Only

question 47

Multiple Choice

Thanks to a new conservation program, a population with only 200 individuals at the beginning of the year is growing exponentially. The population has a per capita birth rate of 0.5 per year and a death rate of 0.2 per year. What is the growth rate during the year? What will the population be at the end of the year?

• A) growth rate = 60 per year; population = 260
• B) growth rate = 6 per year; population = 206
• C) growth rate = 260 per year; population = 60
• D) growth rate = 30 per year; population = 230

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Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods first bought are the first ones sold, affecting the cost of goods sold and inventory on financial statements.

Ending Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold at the end of an accounting period.

Perpetual Inventory System

An accounting method that records inventory purchases and sales in real time, providing a continuous account of inventory levels.