Answer:
The expected cost of goods sold for the month of October would be $9700
Explanation:
Formula for taking out cost of goods sold (October) -
BEGINNING INVENTORY
+
PURCHASING MADE
+
ENDING INVENTORY
Available information - beginning inventory = $2300
purchase = $8700
ending inventory = $1300
Putting the values in the formula -
= $2300 + $8700 - $1300
= $9700
Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.
Explanation:
- people will pay for the snowboards is $129.99.
- Ski Market is convinced that it needs a 45%
- The most that Ski Market can pay to its supplier for the snowboard is
- =
×45 - =$ 58.5
- =129.99 ±58.5
- = $71.49
- Therefore, Ski Market can pay to its supplier for the snowboards is $71.49.
In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.
<h3>What is wages model?</h3>
Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.
In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on labor demand only.
Therefore the level of employment depends on: labor demand alone.
Learn more about wages model here:brainly.com/question/1622389
#SPJ12
Answer: Option (B)
Explanation:
Here, in this case we can state that <em>job evaluation </em>is being exemplified. The Triano Brothers are using job evaluation, so as to have a systematic approach in order to determine value of a job in regards to the several jobs in their organization. The organization attempts to have a orderly comparison in between different jobs as to assess the relative value.
The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
Read related link on:
brainly.com/question/25405387
