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Sergio [31]
3 years ago
9

Which of the following is the correct way to describe equilibrium in a market?

Business
1 answer:
aliya0001 [1]3 years ago
6 0
B) is the correct answer
You might be interested in
EB1.
olya-2409 [2.1K]

Answer:

34,000 units

Explanation:

Given that,

Budgeted sales = 32,000 units

Ending inventory required = 6,000 units

Beginning inventory  = 4,000 units

Hence,

Number of units = Budgeted sales + Ending inventory - Beginning inventory

Number of units = 32,000 units + 6,000 units - 4,000 units

Number of units = 34,000 units

Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.

3 0
3 years ago
Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12, and pot r
antiseptic1488 [7]

Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12 and pot roast costs $14. Meatloaf and pot roast are both worth $15 to you. The dollar value of the opportunity cost of choosing meatloaf instead of pot roast is $15 EX.

<h3>What Is Opportunity Cost?</h3>

Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.

Opportunity cost is often overlooked by investors. In essence, it refers to the hidden cost associated with not taking an alternative course of action. If, for example, a company pursues a particular business strategy without first considering the merits of alternative strategies available to them, they might fail to appreciate their opportunity costs and the possibility that they could have done even better had they chosen another path.

Formula Of Opportunity Cost

​Opportunity Cost=FO−CO

where:

FO=Return on best forgone option.

CO=Return on chosen option.

​

Learn more about Opportunity cost on:

brainly.com/question/12121515

#SPJ4

8 0
2 years ago
Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that
soldi70 [24.7K]

Answer:

$6745

Explanation:

Given: Beginning inventory is 77 units at the cost of $19 per unit.

            Purchased inventory is 476 units at $19 per unit.

            Sales during the month is 355 units at $45 per unit.

Now, let´s find the cost of goods sold using LIFO method.

We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.

As sales unit is 355 units.

Let´s take units from recent purchased inventory.

Cost of good sold= 355\ units\times 19= \$ 6745

Hence, the cost of goods sold using the LIFO method is $6745.

7 0
3 years ago
"If the option will cost the investor an additional $10,000, should the investor purchase the option? Enter your answer in thous
kykrilka [37]

Answer:

“Should” or “should not” depend on the cost rate of the option and the risk appetite of investors.

Explanation:

An option is a contract that allows investors to buy or sell instruments such as security, Exchanged Traded Fund or an index at a pre-determined price over a certain period of time.

If the option will cost the investor an additional $10,000 and it is the cost for an option of $10 million investment, then it cost only 0.1% additionally, but it can secure the position of this investment; then the investor should buy this option.

Vice versa, if the additional $10,000 is much more than expected profit, and even lower but significantly drop down the total profit of an investment; and the investor always wish to have a high profit regardless high risk; then he shouldn’t buy this option.

6 0
3 years ago
In order to obtain leave under the Family and Medical Leave Act, an employee whose need for a leave is foreseeable must advise t
Butoxors [25]

Answer:

<u>30</u>

Explanation:

Under the relevant provisions of the Family Medical Leave Act, an employee whose leave requirements for the future are already known to him or which are predictable, should serve a notice for leave in the same regard at least 30 days prior to the expected date from which the leave shall begin.

If such leaves cannot be anticipated 30 days prior, the employee in such a scenario shall serve the notice for leave as soon as possible i.e the moment the leaves are anticipated. The term associated with above being, "as soon as practicable".

3 0
3 years ago
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