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Microeconomics<span> (from Greek prefix mikro- meaning "small") is a branch of economics that </span>studies<span> the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.</span>
An equilibrium price is where the quantity of goods supplied is equal to the quantity of goods demanded. So if supplies of the said product goes down the equilibrium will go down and the price and demand will be higher.
The cost of goods sold on October 24 is $4830
The perpetual inventory as on October 31 is 70 units of value as $2310
Explanation:
The order of events in the given scenario,
- Oct. 1 - Inventory 200 units at $30
- Oct. 7 - Sold 160 units
- Oct. 7 - Remaining Inventory 40 units at $30
- Oct. 15 - Purchase 180 units at $33
- Oct. 15 - Total Inventory 40 units at $30 + 180 units at $33
- Oct. 15 - Total Inventory 220 units and value is $7140 ($30 * 40 + $33 * 180)
- Oct. 24 - Sold 150 units
- Oct. 24 - Taken 40 units from the purchase of $30 and 110 units from the purchase of $33 by using FIFO logic
- Oct. 24 - Total cost of goods sold is $4830
So, cost of goods sold on October 24 is $4830
- Oct. 24 - Total Inventory 70 units and value is ($7140 - $4830) = $2310
The perpetual inventory value as on October 31 is $2310
Answer:
The government spent money to lift the economy out of the great depression
Explanation:
Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.
To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.
According to the textbook, the keys to successful supply chain management include trust, cooperation, collaboration, and honest, accurate communications between supply chain partners. True
Management is the administration of an organization, whether or not it's miles an enterprise, a non-profit organization, or a government frame. It is the art and technology of managing sources of the enterprise.
Business management is the coordination and corporation of commercial enterprise activities. enterprise managers oversee operations and help personnel reach their top productivity tiers. A commercial enterprise supervisor can also supervise or educate new employees, and assist a commercial enterprise to attain its operational and monetary goals.
Management ranges are the divisions among levels of authority and obligation in an agency. The typical control degrees are top-level management, mid-stage management, and primary-line management. Those stages determine the responsibilities of various manager positions, which include who they report to and who reports to them.
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