I believe D : ) hope it helps
Answer:
The answer is: C) Net purchases plus beginning inventory equals merchandise available for sale
Explanation:
The best way to show how this equation works is by assigning values to the accounts;
- initial merchandise inventory was 2,000 units, at $10 per unit, total $20,000
- merchandise purchased was 4,000 units, at $10 per unit, total $40,000
How many units do we have available for sale, and at what cost?
We add initial merchandise inventory and merchandise purchased = 6,000 units at $10 per unit, total $60,000
Answer:
Production Oriented
Explanation:
A business that practices a manufacturing strategy tends to ignore the needs of its consumers and only focus on making a quality product effectively, called Production oriented company.
In this case, PPG Industry only concentrates on making a high-quality windshield, and ignore the purchasing power of their customers, also their scientist ignore the color choice of the consumer.
Answer: a. in the short run but not in the long run
Explanation:
The Short Run is usually considered in Economics/ Business as a point in time where at least ONE factor of production is FIXED. This factor is usually the Factory because it is hard to change the capacity of a Factory in the Short run. For instance a wing might need to be constructed. Labour on the other hand is considered variable in the Short run though because more people can be hired and the people already hired can put in more overtime.
The Long Run is classified as a point where EVERY factor of production is Variable. There is enough time to even change the capacity of a Factory. So here even Factory is Variable.
Answer:
MC = $17
P = $25.5
Explanation:
We proceed as follows;
Firstly calculate MC when e = -2, where MR = MC
(P-MC) / P = 1 / IeI
Here P = $34 and e = -2
(34 - MC) / 34= 1/ I-2I
(34 - MC) / 34= 1 / 2
78-2MC = 34
2MC = 34
MC = 34/2
MC = 17
Now, as we have MC, we will calculate the new price when e = -3
(P-MC) / P = 1 / IeI
(P - 17) / P = 1 / I-3I
(P - 17) / P = 1 / 3
3P -51 = P
2P = 51
P = 51/2
P = 25.5
