Answer:
$9,000
Explanation:
The formula to compute the inventory turnover ratio is shown below:
Inventory turnover ratio = Cost of goods sold ÷ average inventory
where,
Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2
= ($2,000 + $1,000) ÷ 2
= $1,500
So, the cost of goods sold is
6 times = Cost of goods sold ÷ $1,500
So, the cost of goods sold is $9,000
Answer:
Explanation:
Linear Programming formulation:Total profit = 70X1 + 50X2= 170
Subject to:8X1 + 3X2 <= 14
10X1 + 6X2<= 22
X2<=15
X1>= 0
X2>=0
Answer:
Advantages of Direct Taxes.....
:) Promotes equality. ...
:) Promotes certainty. ...
:) Promotes elasticity. ...
:) Saves time and money.
Explanation:
hope it was helpful....
Answer:
III. The supply of soft drinks decreases
Explanation:
Changes different from price and quantity supplied or quantity demanded will cause changes in the total supply or demand. In this case, an increase in the cost of the aluminum used by soft-drink companies will increase their cost of production. Because this affects companies which supply canned soft drinks, this increase in the cost of production will affect the total supply. If the cost of production increase, with the same resources, they will produce less but need to compensate this decrease in units by increasing the price. In the demand and supply graph, the supply will shift to the left and this will decrease the equilibrium quantity and increase the equilibrium price.