Answer:
$1,498,750
Explanation:
The computation of total cost to be purchased is shown below:-
Materials purchased = Ending inventory + materials used - Beginning inventory
= (23,100 × 20% × 2.5) + (24,400 × 2.5) - 12,600
= 11,550 + 61,000 - 12,600
= 72,550 - 12,600
= 59,950
August purchase = Materials purchased × Cost per kilogram
= 59,950 × $25
= $1,498,750
Therefore for computing the august purchase we simply multiply material purchased with cost per kilogram.
Answer:
6
Explanation:
Marginal Utility is defined as the satisfaction that an individual gains after consuming additional units of a certain goods or services. Andy has two goods available to consume cola and potato chips. Andy will consume 6 units of potato chips to maximize his marginal utility. The cola is also consumed by Andy to satisfy his marginal utility.
Answer:
The correct answer is option C.
Explanation:
A rightward shift in the demand curve means that at the same price levels, the consumers are demanding more of the commodity. A rightward shift in the demand curve causes it to intersect with the supply curve at a higher point.
The equilibrium point shifts upward. This causes both equilibrium quantity and price level to increase.
A leftward shift, on the other hand, causes the equilibrium price and quantity to decrease.
No, it doesn't. Gross profit is revenues (sales) minus cost of goods sold.