Answer:
c. $12,175,000.
Explanation:
Given: Merchandise sold by Lang company= $12520000.
Sales return and allowances= $270000.
Discount= $140000.
While calculating net sales, freight out charges is not included as it an selling expense and it should be included while calculating Gross profit of the company.
Here, we have to find the last year net sales for Lang company.
∴ 
⇒ Net sales = 
∴Net sales= 
Answer: The equilibrium price of lcd tvs will
a. Increase and the equilibrium quantity will increase.
When the price of a substitute of lcd tvs rise, the demand for lcd tvs will rise, since they become cheaper than the substitute.
This will cause the existing demand curve to shift outwards, resulting in a rise in quantity.
As a result of the outward shift, the quantity supplied will also rise and so will the equilibrium price.
Answer: Producer price index
Explanation:
The producer price index is used to know the average differences in prices that are received by local producers for their output.
To calculate the producer price index, the current prices gotten by the sellers of a good or service is divided by the prices of the good or service using a base year and multiplying the result by 100. The producer price index is also a measure of inflation in an economy.
Answer:
The EOQ is 353 units
Explanation:
The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.
The formula for EOQ is,
EOQ = √(2*D*O) / H
Where,
- D is the annual demand in units
- O is the ordering cost per order
- H is the holding cost per unit per annum
The annual demand of oil filters by Sam is,
Annual demand = 52 * 150 = 7800 filters
The EOQ for Sam Auto Shop is,
EOQ = √(2*7800*16) / 2
EOQ = 353.27 Units rounded off to 353 units
1. Look for her toys in her toy chest. She didn’t even know that her brother hid her toys in the first place, so she’ll look for her toys in her toy chest, assuming she wants to play with them after dinner.
Hope this helps!
