If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)
First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000
Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000
So, the estimated ending inventory for the month of July is $145,000.
Answer:
The economy of the Gilded Age was characterized by:
(i) economic growth and high unemployment among unskilled workers.
(ii) a deep recession in which high unemployment fueled massive and rebellious social change.
(iii) slow economic growth and high unemployment among the middle class.
(iv) rapid economic growth and social change.
Economy:
Economy simply indicates an arrangement in which the people are indulged in consumption, and other economic activities. No arrangement can ever be said as an economy without the prevalence of economic activities.
Answer and Explanation: 1
The correct answer is (iii) slow economic growth and high unemployment among the middle class
In the US, glided age resembles the scenario prevailing in the last phase of 19th century. The primary feature of this age is the slower pace of economic growth. This indicates when the economy is least indulged in industries. Also, several people stay unemployed despite lying within middle-income classes. This is because if the people lying in the middle class are unemployed, then it could be understood that poverty would be extreme in an economy.
Answer:
It will take 3 years and 77 days to recover the initial investment.
Explanation:
Giving the following information:
Year Cash Flow 0 −$13,600 1 5,600 2 6,900 3 6,300 4 4,700
<u>The payback period is the time required to recover the initial investment.</u>
Year 1= 5,600 - 13,600= -8,000
Year 2= 6,900 - 8,000= -1,100
Year 3= 6,300 - 1,100= 5,200
To be more accurate:
(1,100/5,200)*365= 77
It will take 3 years and 77 days to recover the initial investment.
The right answer for the question that is being asked and shown above is that: "<span>C. You have the security of following in someone else's footsteps."
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The right answer for the question that is being asked and shown above is that: "D. something that comes along once in a lifetime."
Answer:
places
Explanation:
In marketing, brand leverage is a strategy used to add value to a new brand by associating it to existing brands. In this case, some Swiss watches are world famous for being excellent and very expensive watches, e.g. Rolex, Omega, Piguet, Patek Philippe, etc. So what this salesperson is doing, is associating this unknown watch to other Swiss watches and therefore claiming that it must also be a good watch.
The same happens with cars, e.g. Volkswagen are cheap entry level cars in most of the world, but in the US they are branded as German cars or built with German technology, associating them to high quality cars like BMW or Mercedes Benz.
