Answer:
b. Net Purchases + beginning inventory - ending inventory.
Explanation:
The formula to compute the cost of goods sold is shown below:
Cost of good sold = Beginning inventory + net purchase - ending inventory
We simply added the net purchase and deduct the ending inventory to the beginning inventory so that the correct value can be determined
It records that cost which is directly related to the product that means it excludes the indirect cost
Answer:
Money multiplier= 1 / reserve requirement
a. Reserve requirement = 0.09
Money multiplier = 1 / 0.09
Money multiplier = 11.11
b. Reserve requirement = 0.25
Money multiplier = 1 / 0.25
Money multiplier = 4
c. Reserve requirement = 0.12
Money multiplier = 1 / 0.12
Money multiplier = 8.33
d. Reserve requirement = 0.04
Money multiplier = 1 / 0.04
Money multiplier = 25
Answer:
d. perfectly elastic.
Explanation:
Demand is perfectly elastic if it at the current price, the product is sold out but if there is a change in price demand falls to zero. the demand curve is horizontal
Demand in perfectly inelastic if there is no change in quantity demanded regardless of the change in price.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
The probability that the buyer of one ticket will win the lottery that is worth $10 million will be determined or calculated by dividing the number of tickets that a person has by the total number of tickets which were sold at a certain period. When this statement is translated to mathematical expression,
P = x / S
where P is the probability, x is the number of ticket bought by the winner (this number is already given to be 1), and S is the number of the sample (this is given to be 175175 million. Substituting the known values,
P = 1 / 175175 million
<em>ANSWER: 5.71 x 10^-12</em>
Answer:
A subcontractor outside the company
Explanation:
Outsourcing stands for an external entity that supplies a service to the company, therefore the company receives a final service of product and do not deal directly with the operation.
