Answer:
will, real economic growth is positive in the long run.
Lower; creditors to debtors.
Explanation:
Theory of money is the economical view that the inflation is dependent on the money supply in the country. When the money supply is higher then inflation will be lowered and purchasing power of the consumer will be high. When inflation is set to a minimum possible rate then real economic growth will be positive in the long run and negative in the short run.
Answer:
30 units at a cost of $14,80
Explanation:
The table shows purchases sales and balance with its corresponding number of units and cost. Before Patricia sold 30 units, she had 64 units available but not all of them cost her the same. The FIFO inventory method is "First in First out" which means Patricia is going to sell the first units she bought, if she needs more then she goes to the second purchase and so on.
So, if she sold 30 unit then she is going to use the first 20 units she bought at 11$ ($0,55 per each unit), but she is missing 10, then, she is going to take 10 units from the second purchase of 26 units at $10 ($0,38 each unit).
To know the cost of goods sold we need to multiply each unit sold by its cost per unit:
20 units x $0,55 = $11
10 units x $0,38= $3,8
Then we add:
$11+$3,8= $14,80. This is the total cost of goods sold (if we assume $ 11 was the total cost for 20 units and $10 was the total cost for 26 units)
Answer:
The amount of gross profit from these transactions = $8,160
Explanation:
Data provided from the question;
Amount of merchandise sold = $16,000
payment terms = 2/10, n/40
customer returns on the sale = $4,000
cost of goods sold = $3,600
To calculate the amount of gross profit from these transactions;
= Merchandise sold - customer returns on the sale
=$16,000 - $4,000
= $12,000
= $12,000 - discount 12,000 × 0.02
= $12,000 - $240
= $11760 - cost of goods sold
= $11,760 - $3600
= $8,160
The gross profit can compare the portion of the gross revenue to the total gross revenue.
Gross profit represents that income or profit which remains after the subtraction of production costs from total gross revenue.
Total gross revenue is the amount of revenue which is generated from the sale of goods and services by the company.
Gross profit helps the investors to check how much profit the company is earning from the production and sale of its goods and services.
Gross profit is commonly referred to as total gross revenue less gross revenue.
Revenue is generally referred to as the "top line" number because it is situated at the top of the income statement of any organization.
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