Answer: I Honestly think the answers D.
Explanation:
Answer:
13 days
Explanation:
We are to calculate the days of inventory on hand.
Days of inventory on hand = number of days in a period/ inventory turnover
Inventory turnover = Cost of goods sold / average inventory
Cost of goods sold = 0.68 x $948,000 = $644,640
Inventory turnover = $644,640 / $23,000 = 28.027826
Days of inventory on hand = 365 / 28.027826 = 13.02 days
I hope my answer helps you
Answer:
$87,650
Explanation:
The computation of the dollar amount of returns and allowances is shown below:
= Gross sales for store B × customer returns and allowances percentage
= $876,500 × 10%
= $87,650
By multiplying the gross sales with the customer returns and allowances percentage we can get the dollar amount with respect to the returns and allowances and the same is to be considered
Answer:
1. False
2. Shortage; Larger
Explanation:
1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.
2<em>. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a </em><em><u>shortage</u></em><em> that is </em><em><u>larger</u></em><em> in the long run than in the short run.</em>
In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.
This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.