To be considered a "free enterprise" economy, an economy must have free markets and what else?

Wattan Company reports beginning inventory of 11 units at $65 each. Every week for four weeks it purchases an additional 11 unit

larisa86 [58]

Solution:

Activity Units Units cost Cost of Goods Available

Beginning Inventory 11 $65.00 $715

1st week purchase 11 $66.00 $726

2nd week purchase 11 $67.00 $737

3rd week purchase 11 $70.00 $770

4th week purchase 11 $75.00 $825

Units available for sale 55

Cost of goods available for sale $3,773

5 0

3 years ago

You have your choice of two investment accounts. Investment A is a 12-year annuity that features end-of-month $1,900 payments an

Nataly [62]

Answer:

hey wasup how you doing no ok

Explanation:

6 0

3 years ago

Costco is an example of _______ warehouse. Group of answer choices Hub and spoke system Assortment Spot stock Break bulk

Ivanshal [37]

Answer:

Hub and spoke system

Explanation:

Costco Wholesale Corporation is a company that operates in the warehouse industry. They store merchandise at a lower cost than other wholesale or retail sources.

They aim to reduce warehousing cost for small and medium scale businesses.

In the hub and spoke system each component of the warehousing system are independent and contribute to the central warehousing activity.

It is also called the master feeder structure.

Freight traffic is moved to the central hub through spokes that are arranged around the centre like a wheel.

This system reduces the travel time and therefore is more efficient with lower cost

4 0

3 years ago

Brief Exercise 3-12 Record the adjusting entry for interest payable (LO3–3) Midshipmen Company borrows $17,000 from Falcon Compa

kati45 [8]

Answer:

Calculate the 2021 year-end adjusted balances of Interest Payable and Interest Expense.

July 1 2021

Db Cash ________________________ 17000

Cr Borrow payable______________________________ 17000

December 31 2021

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

June 30 2022

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

Explanation:

Borrow Loan__%I__ Int.___Amount

July 1 2021 to December 31 2021 17000 6% 1020__18020

July 1 2021

1

Db Cash ________________________ 17000

Cr Borrow payable______________________________ 17000

December 31 2021

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

June 30 2022

Db Interest expense______________ 1020

Cr Interest payable_______________________________ 1020

6 0

3 years ago

Purchases of inventories by A) households and Firms are also counted in investment spending. B) foreign consumers are counter in

Iteru [2.4K]

Answer:

The answer is C.

Explanation:

Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.

In calculating, GDP, we have expenditure approach, income approach and value-added approach.

In this question, the expenditure approach will be used to explain the answer to this question.

To calculate GDP using expenditure approach, the formula is:

C + I + G + (X-M)

where C is the consumers' spending

I is the investment spending

G is government spending

X is the exports

M is the imports.

The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.

Households buying inventories(finished goods) is part of consumers' spending and not investment spending.

6 0

3 years ago