Total profit= 1200 plus 2300 plus 1800
average profit = total profit divided by 3
average accounting return= average profit divided by initial investment= 5.52 percent
thats one way
other way is to take average investment = (intial investment plus scrap value) divided by 2
Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will It increases 11.11% to 20% by the increase in units.
A water-soaked paper towel is an example of absorption. If you dip a crayon into the ink for a while, it will take on the color of the ink through absorption. Oxygen and carbon dioxide dissolves in water by absorption. Absorption of ammonia gas by water.
Absorption is the process by which digestive products are taken into the blood to nourish the rest of the body. During absorption, digestive products are carried through the mucous membranes into the blood or lymph.
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<span>Texan leader who defeated Santa Anna at the Battle of San Jacinto</span>
The lower in demand method the market price will FALL and finally, there could be a go-out by using existing corporations.
An economic concept that relates to a consumer's desire to buy items and services and willingness to pay a specific rate for them. A boom in the charge of a terrific or service has a tendency to decrease the quantity demanded. Demand can be defined as the amount of a commodity that a consumer is in a position and inclined to shop for, at each feasible fee, over a given period of time. critical elements of demand are amount, capability, willingness, fees, and time frame.
if a patron is hungry and buys a slice of pizza, the primary slice may have the best advantage or software. With every additional slice, the patron will become extra happy, and the application declines. In principle, the primary slice may fetch a higher rate from the patron.
The call for the feature is what describes a courting among one variable and its determinants. It describes how a lot of quantity of products is purchased at alternative costs of goods and associated goods, alternative income tiers, and opportunity values of different variables affecting demand.
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Answer:
The correct answer is a. $654
Explanation:
In order to calculate LIFO, which means last in first out, you have to determine the cost of your most recent inventory and multiply it by the amount of inventory sold.
In this case, the sale that was made on July 7 include 10 units purchased on July 4 and 2 units from July 1 which was the beginning inventory.
The cost of goods for the July 7 sale=(10 units × $55) + (2 units× $52) = $654
