Explanation:
As we know that the inventory should be recorded at the lower cost or net realizable value whichever is lower
And, the same is shown on the attachment which is attached below:
The net realizable value for each products is computed by
= D - C - E
The DCE are the rows of the attached spreadsheet
And, the proper unit value for each products is as follows
Product Lower of cost or NRV
D 92
E 75
F 73
G 43
H 61
I 44
Answer:
A. Partnership agreement
Based on the number of peacocks and turkeys that can be owned, the opportunity cost of one peacock is<u> 20 turkeys. </u>
<h3>What is opportunity cost?</h3>
- Refers to the benefit that we forego when we choose an alternative over another.
In this scenario, Susie can either have 100 turkeys or 5 peacocks. The opportunity cost of a single peacock would be:
<h3>Opportunity cost of peacock </h3>
= Number of turkey / Number of peacock
= 100 / 5
= 20 turkeys
In conclusion, opportunity cost of a single peacock is 20 turkeys.
Find out more on opportunity cost at brainly.com/question/3597509.
Answer:
a. If demand increases and supply is constant, there would be a rightward shift of the demand curve. As a result, equilibrium price and quantity would increase
b. An increase in supply would lead to a rightward shift of the supply curve. As a result price decreases and quantity increases. A decrease in demand would lead to a leftward shift of the demand curve. As a result, quantity and price decreases. Taking these two effects together, equilibrium price decreases and there is an indeterminate effect on equilibrium quantity
c. An increase in demand leads to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases. A decrease in supply would lead to a leftward shift of the supply curve. This leads to a decrease in quantity and an increase in price. Taking these two effect together, there would be an increase in equilibrium price and an indeterminate effect on equilibrium quantity
d. A decrease in demand would lead to a leftward shift of the demand curve. As a result, quantity and price decreases. A decrease in supply would lead to a leftward shift of the supply curve. This leads to a decrease in quantity and an increase in price. Taking these two effect together, there would be a decrease in equilibrium quantity and an indeterminate effect on equilibrium price
Explanation:
Please check the attached images for the demand and supply diagrams
Answer:
Cost of Truck = $31,540
Explanation:
given data
cash price = $27,210
accident insurance = $1,570
sales taxes = $1,840
motor vehicle license = $670
painting and lettering = $2,490
to find out
cost of the truck
solution
as we know that Accidental insurance and the vehicle license are not include in cost of truck
because there are yearly costs
so that cost of the truck will be as
cost of the truck = cash price + sales taxes + painting and lettering ...............1
put here value we get
Cost of Truck = $27,210 + $1,840 + $2,490
Cost of Truck = $31,540