Answer:
B. It increased, but it less than doubled
Explanation:
Real GDP per person is defined as the total economic output divided by the total number of people. It is used in roughly indicating the standard of living.
An increased in the nominal GDP 3 times its formal will lead to a proportionate increase in the GDP per person statistics. But I was a noted that there was a 100% increase in population, meaning that population doubled. This indicates that the GDP per person increased but it less than double because of the population doubling in that period of time.
Answer:
The answer is: $3,289
Explanation:
<u>Date</u> <u>Units </u> <u>Unit price</u> <u>Inventory</u> <u>Average cost</u>
Purchases
Nov. 1 103 units $20 per unit $2,060 $20 per unit
Nov. 5 103 units $22 per unit $4,326 $21 per unit
Nov. 8 53 units $23 per unit $5,545 $21.41 per unit
<u>Nov. 19 30 units $25 per unit $6,295 $21.78 per unit</u>
TOTAL 289 units $21.78 per unit $6,295 $21.78 per unit
Sales
Nov. 16 -138 units $21.78 per unit $3,006 $21.78 per unit
Ending inventory
Nov. 30 151 units $21.78 per unit $3,289 $21.78 per unit
Your answer would be D.) Occupational safety and health administration
Answer:
COGS= $598,020
Explanation:
Giving the following information:
Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use.
We need to deduct the inventory used for personal use.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 67,000 + 610,000 - 77,200 - 1,780
COGS= $598,020
