In a perpetual average cost system a new weighted-average unit cost is calculated each time additional units are purchased.
Option B is correct
Explanation:
"Average" represents the mean expense of production items from the sale time below the perpetual method. This marginal cost is compounded by the numbers of distribution units, deducted from the stock in the possession and debited to the Expense of Items Sold balance.
Divide the prices of goods available on the market by the amount of available on the market to be using the median weighted practice, which results in the total average cost of units. The cost of the product available on the market is the amount of the original production and net sales in this estimate.
Answer:
Price Quantity demanded Quantity demanded
business travelers vacationers
$150 2,100 1,000
$200 2,000 800
$250 1,900 600
$300 1,800 400
using the midpoint method:
- price elasticity of demand for business travelers = {(1,900 - 1,800) / [(1,900 + 1,800) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (100 / 1,850) / (-50 / 275) = 0.054 / -0.182 = -0.3
- price elasticity of demand for vacationers = {(600 - 400) / [(600 + 400) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (200 / 500) / (-50 / 275) = 0.6 / -0.182 = -3.3
Therefore, the demand for airline tickets in this price range is elastic for vacationers because business travelers are sensitive to changes in price? <u>FALSE, the demand for airline tickets for vacationers is elastic because vacationers are very sensitive to the changes in price, while business travelers aren't.</u>
Answer:
B. Traditional work group
Explanation:
Traditional work group has to do with a group made up of two or more people who comes together to achieve a common goal. People or rather employees belonging to the traditional work group has no control over task given, report to a manager who's responsible for ranking their performances, lack direct responsibility and also they execute task. From the agreements Ginny had with the company, Ginny belongs to the traditional work group.
Answer:
(1) $313.95; $313.95
(2) $210.6; $206.70
(3) $97.49; $97.49
Explanation:
Skis:
Net realizable value = selling price - cost to sell - cost to complete
= 413.40 - 37.05 - 62.40
= $313.95
Historical cost = $370.50
LCNRV = lower of historical cost or net realizable value
= $313.95
Boots:
Net realizable value = selling price - cost to sell - cost to complete
= 282.75 - 15.60 - 56.55
= $210.6
Historical cost = $206.70
LCNRV = lower of historical cost or net realizable value
= $206.70
Parkas:
Net realizable value = selling price - cost to sell - cost to complete
= 143.81 - 4.88 - 41.44
= $97.49
Historical cost = $103.35
LCNRV = lower of historical cost or net realizable value
= $97.49
Answer:C - Planning Stage
Explanation: The System Development Life Cycle is a model of which organisations use when developing a new system.
SDLC has 5 Phases or steps and they include:
- Planning
- Analysis
- Design
- Implementation
- Maintenance
Each stage of SDLC has its importance in the system development.
Planing: At this state, the problem is identified, options of solutions are given and analysed as well as the possible outcomes are considered.
Analysis: At this stage the various options given at the planning stage are analysed and validated
Design: At this stage, the analysed options are designed to give a logical evaluation of the model to be adopted
Implementation: At the state, the design is implemented and tested
Maintenance: At this state, the errors are corrected and validated.
