Answer:
$165,670
Explanation:
Cost of goods sold = Sales revenue (1 - Gross profit)
= $669,900 × (1 - 0.30)
= $669,900 × 0.70
= $468,930
Estimated ending inventory destroyed in fire:
= Beginning inventory + Purchase - cost of goods sold
= $160,600 + $474,000 - $468,930
= $165,670
Answer:
lost-horse forecasting.
Explanation:
Lost - horse forecast -
It is the method , which involves using the last known value for the item being foretasted , thereby , first listing and to determine the negative or positive impact , and then going to the final decision , is known as the lost - horse forecasting .
Hence ,
From the question , the type of forecast given is the lost - horse forecasting .
Answer:
Shape of the production possibility frontier curve.
Explanation:
Production possibility frontier curve is the graphical representation of various combination of two goods that a firm can produce by the given technology or other factors of production.
Opportunity cost in this context refers to the amount of one good is sacrificed for producing one extra unit of other commodity. The opportunity cost is normally related with the share of the production possibility curve. If the PPF curve is a horizontal line, then the opportunity cost remains the same over the different level of production of goods.
If this is a true/false question, the answer is FALSE.
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