4 years ago

Changing prices to attract customers is most difficult in a

1 answer:

dsp734 years ago

8 0

Changing prices to attract customers is most difficult in a "purely competitive market"

Hope this helps!

You might be interested in

Heritage, inc., had a cost of goods sold of $45,821. At the end of the year, the accounts payable balance was $8,773. How long o

Aliun [14]

Calculation of Days Payable Outstanding:

Days Payable Outstanding can be calculated using the following formula:

Days Payable Outstanding = (Accounts

Payable *365) / Cost of Goods Sold

= (8,773*365)/45,821

= 69.88

Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average 69.88 days to the company to pay off its suppliers during the year.

3 0

4 years ago

If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a

Nonamiya [84]

The answer would be a.

3 0

4 years ago

Read 2 more answers

A community college might grant all of the following degress except

klio [65]

I would say a technical program certificate, i hope i helped, have an amazing day :)

3 0

3 years ago

Read 2 more answers

A portfolio consists of $15,200 in Stock M and $23,400 invested in Stock N. The expected return on these stocks is 8.90 percent

bonufazy [111]

Answer:

Portfolio return = 11.08%

Explanation:

The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.

The expected return can be determined as follows

Weighted of stock A= 15,200/(15200+23400)=0.39

Weight of stock B = 23.400/((15200+23400)= 0.61

Expected return on portfolio = (0.39 ×8.90% ) + (0.61*12.50%)= 11.08 %

8 0

4 years ago

A company had been selling its product for $20 per unit, but recently lowered the selling price to $15 per unit. The company's c

sammy [17]

Answer:

$2,600

Explanation:

As we know that the inventory should be recorded at a cost or market value which ever is lower

In the given case,

The cost is

= 200 units ×$16 per unit

= $3,200

And, the market value is

= 200 units × $13 per unit

= $2,600

So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet

6 0

3 years ago