The total cost of producing seven video game is $26.
The fixed cost refers to the cost of input during production process which is constant in amount the quantity of products produced notwithstanding while variable cost refers to those costs that vary depending on the quantity of goods produced. To find the total cost of producing a product, the variable and the fixed costs have to be added together.
Answer:
A. When borrowing capital to start a business
Explanation:
When you want money, you must pay for it. the price of the money is called "interest" thus, if you are expecting to open up a business a need money for it you must acquire that money at the cheapest price possible. This means at the lowest interest rate.
Consider a good that generates external damages. A competitive market that is left un-regulated tends to. charge a lower price than the price that would result in maximized social welfare.
A market is a composition of structures, establishments, approaches, social members of the family or infrastructures wherein events interact in alternate. whilst parties may alternate goods and services by barter, maximum markets rely on sellers imparting their goods or services to consumers in alternate for cash.
A market is described as the sum general of all the consumers and sellers in the location or region under consideration. The area may be the earth, or international locations, regions, states, or cities. The cost, cost and rate of items traded are as in step with forces of deliver and demand in a market.
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Answer:
The value of the inventory at the lower of cost or market price is:
= $21,170.
Explanation:
a) Data and Calculations:
Product Inventory Cost per Unit Market Value per Unit LCNRV
Quantity (Net Realizable Value)
Model A 12 $106 $102 $1,225 (12*$102)
Model B 45 84 70 3,150 (45*$70)
Model C 36 254 243 8,748 (36*$243)
Model D 31 85 88 2,635 (31*$88)
Model E 41 132 148 5,412 (41*$132)
Total cost of inventory based on LCNRV (per item) $21,170
Answer: Long-term
Explanation: If you look at your smart goal longterm is not in there
