Answer: a. rise, the supply of bread to decrease, and the demand for potatoes to increase.
Explanation:
According to the Economic law of SUPPLY AND DEMAND, less supply means HIGHER prices simply because the good is becoming scarce not unlike fuel during global oil shortages.
Now, we are told that the drought reduced the supply for wheat which means the SUPPLY of wheat has DECREASED and this will translate to the SUPPLY of Bread DECREASING as well. According to the aforementioned law, prices of Bread will therefore RISE.
Since Bread prices have risen, people will seek alternatives to bread as they may not want to pay the high price. This will lead them to choosing the alternative to bread which in this case are Potatoes which would therefore INCREASE the DEMAND for potatoes.
Answer:
c. investors see better long-term prospects for Amazon
Explanation:
As we know that Amazon has the more customer base in the market due to which the shareholder predicted the expected profit in upcoming years. The company could run in long run. Even the ompany suffered huge losses due to discount provided but the investors are ready to invest in this company as they seen there is a better and long term prospects
Therefore according to the given situation, the option c is correct
Answer:
$986.39
Explanation:
Given :
Value of items in inventory :
(7 * $52) + (19 * $53) + (25 * $28) + (18 * $65) = $3241
Number of items in inventory :
(7 + 19 + 25 + 18) = 69 units
Weighted average inventory cost :
$3241 / 69 = $46.971014
Number of commodity in hand at year end = 21 units
Amount of inventory at year end using average costing method :
Number of commodity * Average inventory cost
(21 * $46.971014) = $986.39
The amount of inventory at the end of the year according to the average costing method is $986.39
From my research, Skills USA is the most hands on when it comes to that kind of stuff.
I personally think the answer is C
