Answer:
E. all of these alternatives are correct
Explanation:
Zone pricing allows a uniform delivered price to be charged to all buyers in each zone, simplifies the calculation of transportation charges, means making an average freight charge to all buyers within some geographic area and may make it possible to compete with sellers located closer to the buyer
Answer:
Purchases
Date Qty Unit Cost Total Cost
11 12 $18 $216
21 9 $15 $135
Cost of Sales
Date Qty Unit Cost Total Cost
14
21 $16 $336
5 $18 $90
25
7 $18 $126
4 $15 $60
Total $612
Inventory
Qty Unit Cost Total Cost
5 $15 $75
Total $75
Explanation:
FIFO method assumes that the units to arrive first, will be sold first. Also note that the perpetual Inventory method is used. This means the cost of sales and inventory value is calculated after every transaction.
So with FIFO , Cost of Sales will be calculated on <em>earlier</em> prices (old prices) whilst Inventory will be valued at <em>recent</em> (later prices) prices.
Answer:
Vladimir Lenin
Explanation:
Lenin's beliefs as he took power in Russia lead to a new economic policy called the NEP, transforming Russia into a mass command economy. The NEP in 1922, became a central economy that owned the means of production. Factories, capital and other factors in production of goods and services were directed by the state.
Let's call
x = Amount of candy sold at $ 0.15.
y = Amount of candy sold at $ 0.08.
We must make the following system of equations:
x + y = 17
0.15x + 0.08y = 1.92
Solving the system of equations:
0.15x + 0.08 (17-x) = 1.92
0.15x-0.08x + 1.36 = 1.92
0.15x-0.08x = 1.92-1.36
0.07x = 0.56
x = 0.56 / 0.07 = 8
On the other hand,
x + y = 17
8 + y = 17
y = 17-8 = 9
Finally, Timmy bought 8 pieces of candy for $ 0.15.
Answer:
The market for tennis shoes is in equilibrium. If the government increases business taxes, then we would expect to see a decrease in supply.
Explanation:
When a market is in equilibrium, a situation occurs in which the quantity demanded and the quantity supplied are the same, with which there is neither a surplus nor a shortage in supply and demand.
Now, in the event of an increase in taxes that would increase the cost of production and the final price of the product, the quantity supplied will tend to decrease, since a smaller quantity of products will be produced for the same amount. Likewise, the final price will tend to rise, with which demand will also fall, finding a new equilibrium point.
