Answer:
The total investment in the economy is $50 million
Explanation:
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)
Using this formula we can determine the amount of investment.
Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.
Answer:
a. FIFO - Inventory Used: $39900 Remaining Inventory: $14700
b. LIFO - Inventory Used: $41700 Remaining Inventory: $12900
c. Weighted Average Cost - Inventory Used: $40950 Remaining Inventory: $13650
Explanation:
Jan 01. Beginning inventory = 40 x $165 = $6600
Aug 13. Purchases 200 x $180 = $36000
Nov 30. Purchases 60 x $200 = $12000
Ending inventory = 75 units
Inventory Used = 300 – 75 = 225
(a) First-In-First-Out (FIFO)
This is the method where the inventory first received is the one that is used first. Common method when the inventory is perishable and would be wasted if left too long.
Inventory Used:
40 x $165 = $6600
185 x $180 = $33300
Total = $39900
Remaining Inventory:
15 x $180 = $2700
60 x $200 = $12000
Total = $14700
(b) Last-In-First-Out
Method whereby the inventory received latest is used first. Common in goods that are bulky. the inventory on top (latest purchased) is used first.
Inventory Used:
60 x $200 = $12000
165 x $180 = $29700
Total = $41700
Remaining Inventory:
40 x $165 = $6600
35 x $180 = $6300
Total = $12900
(c) Weighted Average Cost
This is whereby you divide the cost of goods sold by the number of units available for sale.
54,600 / 300 = $182
Inventory Used: 225 x $182 = $40950
Remaining inventory = 75 x $182 = $13650
Answer:
a. are more actively listening to customers and helping to solve their problems.
Explanation:
The purpose of public relations is to educate and eventually convince the public, potential clients, investors, etc, to maintain a positive impact or favorable opinion of the company.
Therefore, Public relations is the most effective way to interact with customers, listening to them, and solve their queries so that company can gain their trust by fulfilling their needs within the prescribed time.
Answer:
Option (a) is correct.
Explanation:
Given that,
Initial Quantity supplied = 10,000
New quantity supplied = 15,000
Initial price = $5
Price elasticity of demand = 1.8
Percentage change in quantity supplied:
= [(New quantity supplied - Initial Quantity supplied) ÷ Initial Quantity supplied] × 100
= [(15,000 - 10,000) ÷ 10,000] × 100
= (5,000 ÷ 10,000) × 100
= 50%
Let the new price be x,
Percentage change in price:
= [(New price - Initial price) ÷ Initial price] × 100
= [(x - $5) ÷ $5] × 100
= (x - 5) × 20
= 20x - 100
Therefore,
Price elasticity of demand = Percentage change in quantity supplied ÷ Percentage change in price
1.8 = 50 ÷ (20x - 100)
1.8 (20x - 100) = 50
36x - 180 = 50
36x = 230
x = 5
Hence, the new price per pound of walnuts is $5.
Answer: False
Explanation:
The Basic Financial Statements for a Proprietary Fund includes:
1. Statement of net position
2. Statement of revenues, expenses
3. Statement of changes in fund net position
