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3 years ago

What factors are held constant along a given demand curve for a good?

1 answer:

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The factors that are held constant along a given demand curve for a good are D. consumer incomes and the prices of other goods.

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Windsor, Inc. just began business and made the following four inventory purchases in June:

alisha [4.7K]

Answer:

c. the average cost method.

Explanation:

Windsor INC. purchased inventory during the month of June as follows:

June 1 129 units at $890

June 10 172 units at $1340

June 15 172 units at $1440

June 28 129 units at $ 1140

and at the end of the period, there are 180 units on hand.

In order to get highest gross profit the closing sock should be the highest, accordingly the value of inventory at hand should as as follows under different method explain below:

Under FIFO method the inventory first enter into the enterprise is available for sale at first so the inventory of 180 units at end should be values at the last price mentioned in the question i.e $1140, therefore the value amounts to $1140*180 units=$205200

Under LIFO method, likewise the last entered inventory will be available for sale and the inventory at the end of period will be valued at the price at which the inventory first bought i.e $890, therefore the value amounts to 180 units*$890=$160200

Under Average cost method the effect of differential price is distributed over the quantity bough during a period so that the company remains in ineffective condition during the period from the price change

Average cost per unit= (129*$890 +172*$1340+ 172*$1440+129*$1140)/602 units

=$1229.29

and for the 180 units the value amounts to 180*$122.29=$221271.429

so, as per explanation given above, it is certain that the highest value will be in average cost method.

The correct option is - c. the average cost method.

5 0

3 years ago

PLEASE HELP ASAP, TRUE OR FALSE FOR EACH STAR

jolli1 [7]

Answer:

1. False: A court of appeals hears evidence to decide the facts. They do not listen to evidence to decide the facts because appeal isn't a retrial of the case.

2. True: When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.

3. True: A judge instructs a jury on the law that applies in a case. It is known as jury instructions.

4. False: Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction. There decisions are actually binding on lower courts within that state's jurisdiction.

5. True: Judges may apply the law, but they do not have power to change the law.

6. True: The U.S. Constitution is the supreme law in the United States and no other law can contradict it.

7. True: Litigation is the process of resolving a dispute through the court system.

8. True: The trial court, which first hears a case, is known as a court of original jurisdiction.

9. True: Although cases may be similar, one important fact can change the outcome and create new precedent.

10. False: Appellate Courts review questions of fact but not questions of law. The appellate court can review questions of law as "De novo" or plenary review (legal error standard).

11. True: The Uniform Commercial Code has been adopted in all fifty states.

5 0

3 years ago

Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Custome

DedPeter [7]

Answer:

Customer relationship management

Explanation:

Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.

7 0

3 years ago

In its 2016 annual report, Caterpillar Inc. reported the following (in millions): 2016 2015 Sales $38,537 $47,011 Cost of goods

Marina CMI [18]

Answer:

As a percentage of sales, Caterpillar’s gross profit decreased during 2016.

Explanation:

Gross profit is the net of Sales amount and cost of goods sold for the year. Gross profit is the profit earned from the activities of the business before incorporation of operating expenses.

2016 2015

Sales $38,537 $47,011

Less: Cost of goods sold $28,309 $33,546

Gross Profit $10,228 $13,465

GP as percentage of sale 26.54% 28.64%

Working

GP 2016 = ( $10,228 / $38,537 ) x 100 = 26.54%

GP 2015 = ( $13,165 / $47,011 ) x 100 = 28.64%

6 0

3 years ago

Which of the following best defines money?

malfutka [58]

Answer:

B and C, D

Explanation:

5 0

2 years ago