Answer:
COGS= $401
Explanation:
Giving the following information:
On November 1, the company had 8 items of beginning inventory with a cost of $22 per unit.
On November 2, the company purchased 10 units at $21 per unit.
On November 6, the company purchased 5 units at $25 per unit.
Then, on November 8, the company sold 18 units.
LIFO (last-in, first-out)
COGS= 5*25 + 10*21 + 3*22= $401
Answer:
B. Homogenous product
Explanation:
Monopolistic competitive market is a market structure in which there are many sellers selling differentiated product.
Differentiated product are product that vary in taste or style. They are goods that can be substituted.
Monopolistic competitive firms gain some degree of market power by differentiating their products from those of other firms in the industry. Monopolistic competition firms achieve price control by selling a product that is in some way(s) different from close substitutes product.
Features of Monopolistic competitive firms
1. Existence of many sellers
2. Heterogeneous goods are sold
3. Existence of close substitute
4. Absence of barrier to entry of new firms and free exit to existing firms.
5. Existence of competitors.
Answer:
(a) Total Cost for 3 years = $284,400
(b) Average time the customer spends in the System= 0.36
(c) X=71.26 units
Explanation:
The detailed explanation of the question is given in the attached files.
Answer:
25.3%
Explanation:
The expected return can be determined using the capital asset pricing model
The expected return = risk free return + (risk premium x beta)
11.5% + (1.15 x 12%) = 25.3%