Answer:
Average cost units in inventory=$1,205
Explanation:
August 8
Weighted average cost in August 8
=( (2 × 100 )+ (3 × 250))/5=$190
Cost of goods sold in August 15 = 190× 3= 570
Balance in inventory in August 15 = 950
- 570 =380
Weighted average cost in August 25 = 380 + (3* 275)/(2+3)= 241 per
Average cost of units = $241 per unit
Average cost units in inventory in August 25= $241×5
=1205
Average cost units in inventory=$1,205
A business plan is typically produced to provide a clear roadmap to build a successful business or to secure funding to start said business. It is an essential resource for management or any potential investor, allowing them both to make informed decisions.
Answer:
B. To enable rationing
Explanation:
<em>The purpose of price ceiling would be to enable rationing.</em>
A price ceiling represents an imposed price control over a product. It is the maximum amount a manufacturer or a supplier is allowed to charge for a product within an economy.
Price ceilings are imposed so as to ensure that prices of products remain within the range of an average consumer within a population and prevent excessive upward movement of prices.
<u>Price ceilings help in rationing. It ensures that an average consumer is not overcharged for products in as much as the manufacturer/suppliers get reasonable profit for their production.</u>
Answer:
Thrush tax liability is $61,250
Explanation:
Tax liability is the amount of tax payable to tax authority from the income earned after all allowable expenses have been deducted.
Effectively, Thrush has bee charged 30.6%( corporation tax rate) on his taxable income .
Answer:
stockholders more since they are residual claimants
Explanation:
We expect that business cycles will affect stockholders more since they are residual claimants. Meaning that they receive their claims only after the more important precedent agents' make their claims. This is because a stockholder legally owns one or more parts (shares) of a specific company and therefore also inherits the risks of the company and are the last to be able to recover their money if the company crashes.