Answer:
4,000 m
Explanation:
4,000 million Peruvian sol
Answer: Marginal revenue is equal to price times quantity
Explanation:
A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.
In a perfectly competitive market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.
It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.
To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.
<h3>Payable cash account</h3>
Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:
Journal entry
Debit Payable Cash account
Credit Sales accounts
(To record customer's check in full payment)
Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.
Learn more about payable cash account here:brainly.com/question/4656883
A fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.
Answer:
A. $650 $750 $677
Explanation:
period purchases sales
1 20 units at $50 15 units at $60
2 35 units at $40 35 units at $45
3 85 units at $30 85 units at $35
total revenue = $900 + $1,575 + $2,975 = $5,450
COGS:
- using FIFO = (15 x $50) + (5 x $50) + (30 x $40) + (5 x $40) + (80 x $30) = $4,800
- using LIFO = (15 x $50) + (35 x $40) + (85 x $30) = $4,700
- cost average = ($4,950 / 140 units) x 135 units = $4,773.21
Gross profit:
- using LIFO = $5,450 - $4,800 = $650
- using FIFO = $5,450 - $4,700 = $750
- using cost average = $5,450 - $4,773.21 = $676.79 ≈ $677
