Answer:
Total carrying cost is $240.
Explanation:
EOQ=√(2*D*Co)/Cn
EOQ= 400 units
Annual carrying cost= (EOQ/2)*Cn
=(400/2)*1.20
=$240
The agency that is responsible for the roads in Lynchburg, Virginia is the Virginia Department of Transportation. This is a state agency is that is responsible for all of the roads in the state of Virginia. Some of the things that they do is to maintain all roadways, operating the roads, and building the roads. They also make sure to keep the roadways clear of ice in the winter by putting down chemicals and salt to keep the ice melted off the major roadways. They also plow the roads in the winter. In the summer, they start clearing off the sides of roads of grass and debris. The county road crews are normally only filling potholes and other minor issues with roads in the area.
Answer:
A what businesses believe will generate the most profits.
Explanation:
In a market economy, the private sector controls the majority of the factors of production. The government or central authority does not interfere with economic activities in this type of economy. The private sector decides on the production and distribution of goods and services.
The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.
Answer:
Predatory pricing.
Explanation:
When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.
Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.
Answer:
Dr Bond investment $50,000
Cr cash $50,000
Dr cash $1,250
Cr interest revenue $1,250
Dr cash $50,000
cr bond investment $50,000
Explanation:
On July 1 2019,Red company would have parted with cash of $50,000 which means that cash account should be credited with $50,000 while bond investment account is debited with same amount
On receipt of first interest payment of $1,250 (5%*$50,000*1/2) cash is debited with $1,250 while interest revenue is credited with the same amount.
Upon receipt of face value at redemption,the journal entry would be opposite of the initial one
