Because the % discounts cannot be added to calculate the final price.
The first discount is over the original price but the second discount is over the already discounted price.
You can find a combined factor if you multiply the two factors.
Discount of 25% => Factor = 0.75
Now you can find the combined factor by multilplying 0.75*.75 = 0.5625
That means that the final price will be the original price times 0.5625 (or what is the same that the discount is 100 - 56.25 = 43.75%.
Then the operation results in a higher price than if you multiply by 0.5 (50% discount).
In conclusion the discount resulting from two consecutive 25% discounts is less than a 50% discount.
In a periodic inventory system, the cost of goods sold is not recorded as each sale that occurs is a true statement.
<h3>Periodic Inventory System</h3>
- A physical count of the inventory is conducted at predetermined intervals as part of the periodic inventory system, a technique of inventory valuation for financial reporting reasons.
- In order to calculate the cost of goods sold, this accounting method starts with an inventory at the beginning of the period, adds fresh inventory purchases throughout the period, and subtracts ending inventory.
- A corporation using the periodic inventory system won't be aware of its unit inventory levels or COGS until the physical count process is finished.
- For a company with a small number of SKUs operating in a sluggish market, this method might be suitable, but for all other companies, the perpetual inventory system is preferred.
Hence, the given statement is true.
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Answer:
movement along the demand curve : An increase in the price of donuts
shift of the demand curve : A change in tastes of consumers that makes them desire more donuts
An increase in the number of consumers
Explanation:
only a change in the price of a good would lead to movement along the demand curve for that good. other factors lead to a shift of the demand curve.
an increase in the price of donuts would lead to a reducing in the quantity demanded of donuts. it would lead to a downward movement along the demand curve.
A change in tastes of consumers that makes them desire more donuts and An increase in the number of consumer would lead to an outward shift of the demand curve
Answer:
B) 4.76%
Explanation:
total unemployment = 2.5 million all the people currently seeking jobs and 0.5 million those temporarily laid off (and expecting a recall) = 3 million
Econville's total labor force = 40 million full time workers + 20 million part time workers + 3 million unemployed = 63 million
unemployment rate = unemployed / total labor force = (3 million / 63 million) x 100 = 4.76%
Answer:
Both countries can benefit from trade through specialization.
Explanation:
Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.
A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.
Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.
