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Fantom [35]
4 years ago
12

This inventory system requires a physical inventory count to be made at least once during the year. Answer 1 This inventory syst

em computes and records cost of goods sold at the time of sale. Answer 2 This inventory system computes and records cost of goods sold only at the end of the period. Answer 3 This inventory system computes and records sales revenue at the time of sale.
Business
1 answer:
juin [17]4 years ago
7 0

Answer:

Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.

Explanation:

The time at which records of costs of goods sold is done determines a company`s inventory system.

Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.

Periodic Inventory System

In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is  being explained in the question.

Perpetual

The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)

Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.

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irga5000 [103]

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

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3 years ago
A shoe manufacturer sells high-end designer shoes to wholesalers who, in turn, sell a variety of shoes and other leather accesso
natulia [17]

Answer: B. Indirect channel

Explanation: The channel of distribution is defined as a network of organizations that connect the producer/manufacturer of goods and services with the end-users or consumers of those goods or services. By employing the services of wholesalers and retailers, the shoe manufacturer is using the indirect channel of distribution, specifically the two-level channel (Manufacturer to Wholesaler to Retailer to Customer). Also known as selling to intermediaries, it involves wholesalers buying the bulk of goods from the manufacturers, then selling to retailers (after breaking them down into small packages) who eventually sell it to the end customers.

8 0
4 years ago
Consumers may be equally happy consuming different goods, though they may need to substitute more of one product in place of eac
lawyer [7]

Answer:

diminishing marginal rates of substitution.

Explanation:

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4 years ago
Which of the following is true?a. Anticipated inflation is an increase in the price level that comes as a surprise, at least to
alexira [117]

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

Decision-makers are usually highly skilled in Forecasting Inflation, they educate themselves to get knowledge and skill which will help them to Anticipate inflation slow market rates.

Decision-makers probably expect with a particularly high level of certainty with these forecast many industries change their plans according to inflation.

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Consider the futures contract written on the S&P 500 index and maturing in one year. The interest rate is 4.2%, and the futu
Anarel [89]

Answer:

$1,534.372

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The computation of the expected level of the index in one year is shown below:

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We simply applied the above formula so that the expected level of the index in one year could come

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3 years ago
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