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3 years ago

A microeconomist — as opposed to a macroeconomist — might study

1 answer:

Rudiy273 years ago

3 0

Microeconomics is the study of the effects of changes to small individual decisions A) Is huge, study of the whole country. B) Is huge, nationwide production increase C) this effects just one industry. D) again huge, nationwide effects of interest rates on GDP. So C.

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Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000 Selling price per unit $ 30

xenn [34]

In order to find Net Income as per traditional income statement, we will first require to calculate cost of goods sold as below:

Beginning Merchandise Inventory................................................24000

Add: Purchases..................................................................................180000

Less: Ending Merchandise Inventory...........................................(44000)

Cost of Goods Sold............................................................................160000

Traditional Income Statement

Sales................................................................................................................600000

Less: Cost of Goods Sold..........................................................................(160000)

Gross Profit....................................................................................................440000

Less: Selling and Administrative Expenses

Variable Selling Expense.........................................................80000

Variable Admin Expense............................................................40000

Fixed Selling Expense.................................................................40000

Fixed Admin Expense...................................................................30000

Total .......................................................................................................................(190000)

Net Income.............................................................................................................250000

3 0

4 years ago

Read 2 more answers

Developed nations have lower labour costs than Asian businesses. true or false

Dovator [93]

False, in developed nations labor costs are much much higher which is why labor is sent over to less developed countries

3 0

4 years ago

In the month of April, a department had 600 units in the beginning work in process inventory that were 60% complete. These units

Eduardwww [97]

Answer:

cost to WIP at April 30th: 300,000

materials 240,000

conversion 60,000

Explanation:

Materials equivalent units:

Materials are addedirely at the beginning of the process thus, all are at 100%

transferred out - beginning x percentage of completion + ending x % completion

20,000 - 600 x 100% + 2,000 x 100% =

20,000 - 600 + 2,000 = 21,400

equivalent cost per unit: 2,568,000 / 21,400 = 120

Ending WIP: 2,000 units x 100% x 120 = $ 240,000

Conversion equivalent units

transferred out - beginning x percentage of completion + ending x % completion

20,000 - 600 x 60% + 2,000 x 20%

20,000 - 360 + 400 = 20,040 units

equivalent cost per unit CC: 3,006,000 / 20,040 = $ 150

Ending WIP_ 2,000 units x 20% x $ 150 = $ 60,000

Ending WIP: 240,000 + 60,000 = 300,000 accumulated cost.

7 0

3 years ago

Getting merchandise floor-ready entailsA. distributing and dispatching.B. ticketing and marking.C. vertical supply chain wholesa

Katarina [22]

Answer:

B. ticketing and marking

Explanation:

Floor ready is the term used to refer to the merchandise which is ready to sale and that the merchandise is detailed with every description required.

That means it is ready with the size, quality, and quantity that is required to be marked.

Along with that it is even priced more properly and is already tagged with the label of description and price.

This all labeling and ticketing is basically done in the retail store before it is offered to the customer.

6 0

4 years ago

The Endangered Species Act, passed by Congress nearly four decades ago, has spawned a continuous series of debates between those

WINSTONCH [101]

Answer:

anthropocentrists and ecocentrists

Explanation:

Ecocentrism exposes a love towards nature as a total abstract being; It is related to the Gaia hypotheses. Unlike anthropocentrism, that sensocentrism and that biocentrism, ecocentrism is concerned with preserving ecosystems and species, not preserving the lives of specific individuals.

Ecocentrist environmentalism differs from anthropocentric environmentalism in that the former gives priority to the conservation of species and ecosystems over the conservation of individuals - including human beings - with the latter giving priority to the human being over the conservation of species and ecosystems, defending conservation only for the benefit of humans.

8 0

3 years ago