Change in the price of the good results in the movement along the same demand curve.
Factors other than price results in the shift in demand curve.
A rightward shift in demand would increase the quantity demanded at all prices compared to the original demand curve.
While a left shift indicates decrease in demand.
In the given graph , there is a rightward shift of the demand curve from left to the right ( D1 to D2), Thus we can say that there is an increase in demand.
Answer:
FIFO.
Explanation:
Note: This question is not complete. The complete question is therefore given before answering the question as follows:
The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:
FIFO.
LIFO.
Weighted average.
None of these answer choices is correct.
The explanation to the answer is now given as follows:
First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.
A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.
A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.
When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.
Based this explanation, the correct option for this question is FIFO.
The options were
a. product involvement
b. situational involvement
c. shopping involvement
d. enduring involvement
The answer is
b. situational involvement
Here linda is taking her time or is more involved in the activity she is performing cause this is a special occasion for her which could also be described as special situation. She doesn't care much about shopping , Pen etc which eliminates other options.
Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted basis of $40,000 and a fair market value of $100,000
Explanation:
As given in the question
- <u>Emma and Laine form the equal EL Partnership.</u>
- <u>Emma contributes cash of $100,000 in EL Partnership</u>
- <u>Laine contributes property with an adjusted basis of $40,000</u>
1)How much gain, if any, must Emma recognize on the transfer
<u>Ans: Neither Emma nor Laine ,none of them recognize any gain.</u>
2) What is Emma's basis in her partnership interest
<u>Ans:</u><u>Emma basis in her patnership interest is $100,000 </u>
3) What is Laine's basis in her partnership interest
<u>Ans: Laine's basis in her partnership interest is $40000</u>
4) What basis does the partnership take in the property transferred by Laine
<u>Ans: $40,000</u>
Answer:
Cost of goods available for sale 344,000
Cost of goods sold 301,000
Explanation:
cost of goods available for sale :
Is the sum of all tehcost that the firm could have sold during the period.
Is the sum of beginning inventory (goods from prior periods) and the purchase done in the period
beginning inventory + purchase
beginnning inventory 44,000
purchase = 304,000
Cost of goods available for sale 344,000
Then, cost of goods available for sale - ending inventory = COGS
344,000 - 43,000 = 301,000 COGS
