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3 years ago

6

When calculating the inventory turnover at cost, the first step is to calculate A. Cost of goods sold B. Average inventory at re

tail C. Average inventory at cost D. Inventory cycle

2 answers:

Sophie [7]3 years ago

5 0

I think it’s A, hope it helps

marusya05 [52]3 years ago

4 0

Answer:

answer is C, average inventory at cost. Answer A, cost of goods sold, was incorrect for me.

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A simple purchase on the Internet will not require which function?

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A. Multiple password changes and verifications

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3 years ago

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Rufina [12.5K]

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1 year ago

Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100

mestny [16]

Answer:

A. 90

Explanation:

nominal GDP = 50*20 + 100*8 = 1800

real GDP = 50*10 + 100*15 = 2000

GDP deflator = (nominal GDP/ real GDP)*100 = (1800/2000)*100 = 90

5 0

3 years ago

Read 2 more answers

The following information was obtained from MCB Manufacturing, Inc.:Advertising Costs $9,900Indirect Labor 53,000CEO's Salary 6

Eddi Din [679]

Answer:

The MCB Manufacturing's total product costs is $170,560

Explanation:

The computation of the total product cost is shown below:

Total product cost = Indirect Labor + Direct Labor + Indirect Materials Used + Direct Materials Used + Factory Utilities + Factory Janitorial Costs + Manufacturing Equipment Depreciation

= $53,000 + $40,000 + $7,500 + $65,000 + $760 + $1,200 + $3,100

= $170,560

Thus, the product cost is that cost which includes all types of direct and the indirect costs which are used to ready the product.

8 0

4 years ago

The demand curve facing a monopolistic competitive firm will be __________ than the demand curve facing a perfectly competitive

Bad White [126]

Answer:

Downward sloping; more elastic

Explanation:

Demand curve is a curve that shows the relationship between price and quantity demanded.

The demand curve of a monopolistic competitor is DOWNWARD-SLOPING.

A monopolistic competitive firm can either raise price and lose few customers or reduce price and gain some more customers.

A monopolistic competitive firm

has a more ELASTIC demand.

Elasticity of demand is the degree of responsiveness of demand to a change in price, income and price of other commodities.

Perfectly Competitive market have the following characteristics;

1) Prices are determined by the forces of demand and supply.

2) They are price takers because a single firm can't control the market.

3) Easy entry and exit.

4) Many buyers and many sellers.

5) Identical product are sold

Monopolistic Competitive market have the following characteristics;

1) There are many buyers and many sellers.

2) Firms have market control.

3) Free entry.

4) Close substitute goods are sold.

4 0

3 years ago