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4 years ago

3.6.2 Teut (COT): The Pret la foi

Business

1 answer:

koban [17]4 years ago

3 0

The correct answer is B. Rural areas

Explanation:

High population densities, as well as high housing prices, are mainly found in cities or nearby areas as most jobs and industries are located in these areas. This increases not only the number of people that live in these zones but also the price of housing as the prices of properties are higher due to a higher demand. This means, zones such as inner-city neighborhoods, suburbs, and similar are highly populated and the house prices are high.

On the other hand, nowadays rural areas have a small population density because most people are not interested in living in rural areas as it would take more time to get to cities where jobs and major industries are. Similarly, the housing prices are lower because the demand or number of people interested in buying properties is lower, which makes general housing prices lower.

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Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a

ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100 Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0

3 years ago

The table below gives information on bottled water in Florida. As you would expect, the demand for water is higher than normal d

choli [55]

Answer:

First we need to first find the equilibrium quantity and price during normal times.

The equilibrium price in normal times is P=$3 and the equilibrium quantity is 55 bottles.

During the hurricane, the government will set a price ceiling of $3. We can infer from the table that the quantity supplied at P=$3 is 55 bottles while the quantity demanded during hurricane at the price of $3 per bottle is 105 bottles. Hence,

105-55= 50

During a hurricane, there would be a shortage of 50 bottles of water.

If there were no price ceiling, then the equilibrium price would be such that the quantity demanded during hurricane equals the quantity supplied. From the table we can see that the equilibrium price would in that case be P=$5 per bottle where the equilibrium quantity is 85 bottles. With the price ceiling only 55 bottles are available for trading. Now without the price ceiling 85 bottles are available.

Hence consumers would have to pay an additional $2 (=5-3) but they can now buy an additional 30 bottles [=85-55].

Without the antiprice gouging law, consumers would have to pay $2 more than the ceiling price, but they would bv able to buy 30 more bottles of water.

5 0

4 years ago

In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a

Degger [83]

Answer:

Product

Explanation:

In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory

Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.

7 0

3 years ago

All of the following statements are correct about management by exception except it

noname [10]

Answer:

<u>means that management has to investigate every budget difference.</u>

Explanation:

Management has an exception as the practice f examining the financial and operational results of a business. Only bringing the issues to the attention of management when substantial differences in budgets or within the expected amount.

The concept assumes that business managers handle cases that derive them from the norms and have the main disadvantage of calculation mistakes that results from a large variety of data and finding errors to be consuming activity.

3 0

3 years ago

What are the two most important cost considerations in queuing problems?

Tatiana [17]

B is the answer I think

3 0

3 years ago