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3 years ago

To what degree can governments control prices or quantities of goods and services exchanged?

1 answer:

5 0

Governments have two main mechanisms for controlling the prices or quantities of goods and services exchanged, subsidies and taxes. Subsidies can be used to manipulate supply by rewarding supplies for producing, or not producing a target good. For internal trade, taxes can be used to manipulate demand by raising the cost of goods sufficiently that the potential pool of willing buyers is reduced. For external trade, tariffs offer similar effects.

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Determine the cost of merchandise sold for the transaction on September 25 using the perpetual inventory system and the FIFO met

GuDViN [60]

Answer:

b.$77

Explanation:

beginning inventory 5 units

purchase september 4th 8 untis

sale for 6 units:

inventory after first sale: (available at second sale)

beginning used.

purchase september 4th 7 untis at $6

September 25th Sale of 12 units

inventory used for second sale:

September 4th 7 untis at $6

September 15th 5 units at $7

total COGS for the sale: $77

7 0

3 years ago

Elderly woman purchases a table from a local furniture store for $5,000. She decides she does not want the table because of a de

Leni [432]

Answer:

She cannot keep the table

Explanation:

In the given scenario we will look at the different parties and wether they are satisfied with the transaction.

The buyer picked the table after which she complained about a defect and refused to pay. Because she refused to pay she cannot take ownership of the table so she has to return it.

The store did not receive payment for the table so they have the right to request for the table back from the elderly woman.

So she cannot keep the table.

6 0

3 years ago

Leadership has historically been defined as the relationship between the?

Sveta_85 [38]

Answer:

Explanation:

The question did you provide you with a linking entity ,therefore the process of leadership can be facilitated between the follower and leader.The environment might as well be involved.

6 0

2 years ago

Read 2 more answers

University Company produces collegiate apparel. From its accounting records, it prepares the following schedule and financial st

stepladder [879]

Answer:

See explanation section

Explanation:

See the image below:

8 0

3 years ago

Use the information below to answer questions 1-3. Call Corporation is a wholesaler that sells a single product. Management has

Iteru [2.4K]

Answer:

Contribution margin for 6,300 units = $229,950

Explanation:

Since change in activity level is given,

We can compute the fixed and variable cost per unit

Change in cost of sales = $580,300 - $497,400 = $82,900

Change in activity = 7,000 - 6,000 = 1,000 units

Thus, variable cost of sales per unit = $82,900/1,000 = $82.90

Therefore, fixed cost = $580,300 - ($82.90 $\times$ 7,000) = $580,300 - $580,300

= $0

Thus, there is no fixed cost in this, it is complete variable.

Moving to selling and administration expenses

Change in cost = $294,700 - $273,600 = $21,100

Change in activity level = 7,000 - 6,000 = 1,000 units

Cost per unit variable = $21,100/1,000 = $21.10

Fixed Cost = $273,600 - ($21.10 $\times$ 6,000) = $273,600 - $126,600. = $147,000

Therefore, variable cost per unit = $82.90 + $21.10 = $104

Selling price per unit = $140.50

Contribution per unit = $140,50 - $104 = $36.50

Contribution margin for 6,300 units = $36.50 $\times$ 6,300 = $229,950

8 0

3 years ago