Answer:
the cost of goods sold is $250,000
Explanation:
The computation of the cost of goods sold is given below:
= Opening finished goods inventory + cost of goods manufactured - ending finished goods inventory
= $72,000 + $246,000 - $68,000
= $250,000
Hence, the cost of goods sold is $250,000
Answer:
depreciation rate per unit $0.34
Explanation:
To calculate the depreciation cost per unit we divide the amount subject to depreciation by the estimated untis production over its useful life:
depreciable amount:
$41,000 - $3,600 = $ 37,400
depreciation rate:
$37,400 / 110,000 units = $0.34
Answer:
the company purchase is $94,000
Explanation:
The computation of the total amount of the company merchanise purchase for the month is shown below:
Cost of goods sold = Beginning merchandise inventory + Purchases − Ending merchandise inventory
$92,000 = $14,000 + Purchase - $16,000
So, the purchase is
= $92,000 + $16,000 - $14,000
= $94,000
Hence, the company purchase is $94,000
Answer:
d. percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
Explanation:
Price-demand elasticity measures the demand sensitivity of a good when a change in the price of another good occurs. For example, what happens to the demand for bread when the price of butter varies? This depends on the cross elasticity of demand since these goods tend to be complementary.
The price elasticity of cross demand between two goods is easily calculated by a formula where the numerator is the change in the quantity of a good and the denominator is the percentage change in the price of the complementary good.
If the calculation of elasticity is greater than 1, it means that the amount demanded for bread is sensitive (elastic) to the price of butter and tends to vary sharply. If the result is between 0 and 1, the demand is inelastic, that is, the amount of bread demanded will not change considerably when the price of butter varies. If the calculation is equal to 1, then the demand for bread varies perfectly with the price of butter.
