Jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. 6.667 lbs. of ground beef should be purchased.
Jarrell should purchase 7 lbs of ground beef.
Number of attendees = 20
Fraction of burger per person = 1/3 lbs
Total fraction of burger required to feed 20 persons :
Number of attendees × fraction per person
20 × 1/3 = 6.667.
Grilling is a cooking method that applies dry heat to the surface of food, usually from the top, bottom, or sides. Grills typically use large amounts of direct radiant heat and are typically used to quickly cook meat and vegetables.
Almost all types of grilling on gas and/or charcoal grills can be divided into three cooking methods: direct, indirect, or combination. As the name suggests, method differences are determined as follows.
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Insurance is a social and merit good as it makes financially risk averse people better off. It can help protect a business or a person from financial loss, liabilities or instability in the case of an owner or business partner's death. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.
Domino's pizza is classified as convinence products.
<h3>What are continence products?</h3>
Convinence products are products or items consumer buys frequently or consistent and at instant without much effort applied into it or minimum effort.
Therefore, Domino's pizza is classified as convinence products because it does not require much effort to get them and it is frequently purchased by consumers.
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Answer:
$7,840
Explanation:
The inventory of Items A and B should be valued at the lower of cost and the net realizable value.
The cost is the invoice price at time of purchase ,while the net realizable value is the selling price less to sell
Products Cost Selling price cost to sell NRV unit value
A $18 $22 $6 $16 $16
B $48 $54 $4 $50 $48
Item A is valued at $16 each i.e $16*160=$2,560
Item B is valued at $48 each i.e $48*110=$5,280
total value of inventory =$7,840
The ending inventory valued at the lower of cost or net realizable value is worth $7,840
'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.
Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.
Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.
The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.
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