Suppose a producer charges $20 for a new toy. At this price, the producer supplies more toys than people demand, so there is an excess supply. The producer decides to lower the price to $15. At this new price, quantity supplied equals quantity demanded. So $15 is the equilibrium price.
Answer:
Value of ending inventory = $960.4
Explanation:
To value inventory, The weighted average inventory method uses the value of weighted average price of all the batches purchased till date. The weighted average price is re-computed whenever a new batch of stock is received.
Step 1
<em>Calculate the weighted average price</em>
For Glasgow, we can work out the weighted average price as follows:
The total value = (65 × $3.40) +( 310× $3.90) +( 145 × $4.00) + ( 60 × $4.40)
= $2,274
The total quantity purchased before sales
= 65 + 310 + 145 + 60
= 580 units
Weighted average price
= $2,274/ 580 units = $3.92
Step 2
<em>Calculate the closing inventory units</em>
<em>Closing inventory = opening inventory + purchases - sales</em>
= 65 + 310 + 145 + 60 - 335
= 245 units
Step 3
<em>Value the closing inventory</em>
= 245 × $3.92
= $960.4
Value of ending inventory = $960.4
Answer:
D. What do we want to become?
Explanation:
A mission statement refers to a statement in which the existence reason could come why it is established, its entire objectives, its products and services that are provided to the customers, and at last the location where they deal
So as per the given options the option D is correct as it represent the mission statements and the hence the same is to be considered
Therefore all the other options are wrong or incorrect
Answer:
Resource Immobility
Explanation:
A critical assumption of the resource-based model—resource immobility—is that resources tend to be "sticky" and don't move easily from firm to firm. Because of that stickiness, the resource differences that exist between firms are difficult to replicate and, therefore, can last for a long time
An increase in a product's variable expense per unit that is accompanied by an equivalent increase in its selling price will D. decrease the degree of operating leverage.
<h3>What is an operating leverage?</h3>
An operating leverage simply measures the degree to which a project can increase revenue.
When there's an increase in a product's variable expense per unit that is accompanied by an equivalent increase in its selling price, it will decrease the degree of operating leverage.
Learn more about operating leverage on:
brainly.com/question/14867660
