Answer and Explanation:
The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.
Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.
So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.
Answer:
a. 320 units
b. $1,920
Explanation:
EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit
= √ (2 × 3,000 units × $102.40 / ($30 × 20%))
= 320 units
total inventory cost = ordering cost + holding cost
= 3,000 units/ 320 units × $102.40 + 320 units/ 2 × ($30 × 20%
= $960 + $960
= $1,920
Answer:
A credit note is issued to a customer who's been overcharged.
Explanation:
it is a form of refund of the amount overcharged.
Answer:
$3
$2
$1
False
Explanation:
The burden of tax refers to who pays the tax between the buyer and the seller.
More burden of tax usually falls to the party with the more inelastic demand because the quantity demanded would not change despite the increase in price as a result of the tax.
To find the amount of tax per bottle = price of wine - amount received by producers = $6 - $3 = $3
The amount paid by consumers = price after tax - price before tax = $6 - $4 = $2
Amount received by sellers = tax- amount paid by consumers = $3 - $2 = $1
It can be seen that consumers bear a higher burden of tax because they pay the greater tax. This means they have an inelastic demand.
If the tax had been levied on producers, the effect on quantity demanded would have been greater because producers have a more less elastic supply when compared to consumers .
I hope my answer helps you
