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SSSSS [86.1K]
3 years ago
10

What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the inputs used in the production

process?
Business
1 answer:
Maslowich3 years ago
5 0
Had to look for the options and here is my answer. What happens when a shoe firm puts its shoes on sale at a price that is lower than the opportunity cost of the inputs used in the process of production is that the firm will possibly make losses between the accounting and economic aspects. 
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Granger Company had January 1 inventory of $150,000 when it adopted dollar-value LIFO. During the year, purchases were $900,000
Lisa [10]

Answer:

$624, 750

Explanation:

Purchases = 900,000

Sales = 1500000

Price index = 110%

Inventory= 189750

1,500,000 - [{($150,000 x 110%) + $900,000} - $189,750]

=1,500,000 - [($150,000 x 1.1) + $900,000] - $189,750

= 1,500,000 - (1065000 - 189750)

= 1,500,000 - 875250

=$624,750

Gross profit. = $624750

5 0
3 years ago
What is the source of most cut flowers sold in the United States
REY [17]
Today, Colombia is the dominant producer of U.S. cut flowers, with roses, carnations, spray chrysanthemums and Alstroemeria among its top crops
7 0
3 years ago
Money markets are marketsfora.Foreigncurrencies.b.Consumer automobileloans.c.Common stocks.d.Long-term bonds.
Harlamova29_29 [7]

Answer:

e. Short-term debt securities such as Treasury bills and commercial paper.

Explanation:

  • A money market is an organized exchange market and were the participant can lend and borrow short terms high quantity debt security with an average maturity with less than and year. And thus enables the government and other institutions of the short terms securities.
4 0
3 years ago
The larger the investment you make, the easier it will be to
worty [1.4K]
A) get money from other sources
7 0
2 years ago
Assume the following data for Cable Corporation and Multi-Media Inc. Cable Corporation Multi-Media Inc. Net income $ 30,700 $ 11
BlackZzzverrR [31]

Answer:

<u>Return on equity (ROE) for Firm A</u>   = 11.99%

<u>Return on equity (ROE) for Firm B</u>   = 25.33%

Explanation:

Return on equity (ROE) = net income by shareholders' equity

<u>Return on equity (ROE) for Firm A </u>

30,700/256,000 x 100= 11.99%

<u>Return on equity (ROE) for Firm A </u>

115,000/454,000x 100 = 25.33%

6 0
3 years ago
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