Answer:
A. can choose the quantity of butter that it produces but not the price at which it sells its butter.
Explanation:
Taking into consideration the characteristic of the market explained in the exercise we would say that it is a Competitive Market.
One of the characteristics of a Perfect Competitive Market is that the price of the products is determined by the market, which means that no single seller can't change or influence the price on its own.
Hope it helps. Good luck.
Answer:
$70 per unit.
Explanation:
Based on the information given we were been told that the market price of X costs the amount of $70 per unit which simply means that market price exists, based on this the transfer price of X in a situation were each division is been treated as a profit making center will be the market price of $70 per unit.
Answer:
The per-unit value of ending inventory on August 31= $15.42
Explanation:
<em>The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received The explanation is completed using the table below with notes underneath</em>
The
Date Narration Qty Unit cost($) Total cost
Aug 2 Purchase 10 12 120
Aug 18 Purchase 15 15 <u>225
</u>
25 13.8 * 345
Aug 29 <u> ( 20)</u> 13.8 <u>(276
)</u>
5 69
Aug 31 <u>14</u> 16 <u> 224
</u>
Aug 31 19 15.42 ** 293
Notes
*The average cost of 13.8 is the division of 345 by 25.
**The average cost of $15.42 is the division of 293 by 19
The per-unit value of ending inventory on August 31= $15.42
Answer:
Financial picture
Explanation:
The phrases is suitable because An income statement will give a general picture for stakeholders regarding the company's financial condition in the past year.
it consist of several important financial information that might influence investors to either put their money into the businesses or simply abandoned it. Such as how much income that the company able to generate, the amount of expenses that the company have to pay for the operation, how much of the income is liquid, etc.
Answer:
b. Cash received from customers at the time services were provided.
Explanation:
When a business recieves payment for goods or services rendered it has earned revenue.
Revenue is defined as the income that a business generates from normal business activities such as sales of goods and services.
It is also called sales turnover.
