Answer:
3.55 years
Explanation:
The payback period is the length of time it takes for Beyer Company to recoup the initial investment of $370,000.
In other words, the number of years for the net cash flows of the project to equate the initial investment amount of $370,000 as shown in the attached excel file for Beyer company's payback computation
Answer:
True
Explanation:
Ticket scalping is an act where an entity or individual sells already bought tickets, at a higher or lower price than the original one, taking into consideration the demand.
Nowadays, ticket scalping is associated with selling at a higher price. This practice is common with limited edition goods also. It is illegal when it is in correlation with automated bots that perform attack on the ticket seller's website, in order to gain early bird access.
Answer:
Shellhammer Company
Ending inventory = $712
Cost of goods sold = $2,492
Explanation:
a) Data and Calculations:
Date Item Units Unit Cost Total Cost
September 1 Inventory 100 $3.34 $334.00
September 8 Purchases 450 3.50 1,575.00
September 18 Purchases 350 3.70 1,295.00
September 30 Total 900 $3,204.00
Ending inventory 200
Cost of goods sold 700
Weighted Average cost = Total cost of goods available for sale/Total units available for sale
= $3,204/900 = $3.56
Value of Ending Inventory = $3.56 * 200 = $712
Value of Cost of goods sold = $3.56 * 700 = $2,492
b) The weighted average inventory costing, under the period inventory system, used by Shellhammer is an assumption that the costs attributable to ending inventory and cost of goods sold are determined from the average cost per unit and that these the average cost is ascertained at the end of the period. Therefore, the cost of beginning inventory and purchases are accumulated and divided by the units of goods available for sale.
Answer:
c. demand is elastic and supply is inelastic.
Explanation:
Elasticity is a measure of how buyers and sellers react to a change in prices, and allow us to analyze supply and demand more accurately.
The price elasticity of demand measures how much the quantity demanded changes due to a change in prices. If the demand curve is elastic, total revenue falls as the price increases. If the demand curve is inelastic, total revenue increases as the price increases.
With an elastic demand curve, an increase in prices leads to a decrease in the quantity demanded, in a greater proportion than the increase in prices, in this way total revenue decreases. and the supply decreases greatly.
