Answer: See explanation
Explanation:
Merchandise inventory are goods which a wholesaler or distributor has gotten from the suppliers in order to sell to third parties.
On May 9, merchandise inventory was calculated as:
= 960 ÷ 13000 × 7800
= 576
Check the attached file for further explanation
Answer:
Option (a) is correct.
Explanation:
Depreciation in 2017:
= $1,750
Accumulated Depreciation = $29,400 + Depreciation in 2017
= $29,400 + $1,750
= $31,150
Book value on date of sale = Original cost - Accumulated Depreciation
= 50,000 - 31,150
= 18,850
Loss on sale = Book value on date of sale - Sales price
= 18,850 - 18,000
= $850 (Loss)
Answer:
Inventory= $5,040
Explanation:
Giving the following information:
March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200
Purchases:
Mar. 10 600 gals @ $ 7.25
Mar. 16 800 gals @ $ 7.30
Mar. 23 600 gals @ $ 7.35
Sales:
Mar. 5 400 gals
Mar. 14 700 gals
Mar. 20 500 gals
Mar. 26 700 gals
Total units= 3,000
Total sales= 2,300
Ending inventory= 700 units
LIFO (last-in, first-out)
Inventory= 700*7.20= $5,040
Answer:
The answer is D. large management structures are bureaucratic and inefficient
Explanation:
Diseconomies of scale is a situation which occurs when the marginal cost of a production increases as the output increases. It is a cost disadvantage.
We have internal economies of scale and external economies of scale.
1. Internal diseconomies of scale refers to factors which increase the cost of production of a product when its output increases. Examples are large management structures are bureaucratic and inefficient, inexperienced management etc.
2. External diseconomies affects the whole industry. Example higher factor prices.
