Answer:
Closing Inventory value is $3,485.
Explanation:
FIFO is the inventory costing method which assumes that the item purchased earlier will be sold first and the item purchases at last will be sold at last.
According to FIFO the inventory cost of McCarthy Company is as follow:
Date Description Price Unit Total Balance
October 1 Opening $200 8 $1,600 $1,600
October 2 Purchases $205 20 $4,100 $5,700
October 4 Sales $200 8 $1,600 $4,100
Sales $205 3 $615 $3,485
Closing Inventory value is $3,485.
The answer is b or a but I mean it both means the same thing, if this is on Plato it's a
The answer is: "utility" .
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Answer:
Attached below are the graphs
Explanation:
i) The Equilibrium wage rate in the market is determined by the Intersection of the labor demand and supply curve as seen in the graph attached
ii) The Labor supply curve the firm faces is perfectly elastic in a perfectly competitive resource market
iii) The demand curve of the firm is perfectly elastic because in competitive market a slight change in price will cause a massive change in demand
iv) The firm will continue hiring as long as MRP ≥ MFC
( MRP = marginal revenue product , MFC = marginal factor cost )
The projected sales ar 52,149 units of bikes for 2012. On hand at Jan 1, 2012 are 5002 units. So 52,149-5002= 47137+6831= 53,978 bikes to make in 2012 in other words, the net production to make the 52149 is 47137 plus the desired inventory at the end of 2012 totals the 53,978.
