The fact that the machine building company identifies all potential buyers of wood lathes in the area and estimates the number of lathes each one might buy means that the company is using the market-build up to estimate market potential. This market-build up method produces accurate results if <span>the company has a list of all potential buyers and a good estimate of what each will buy.</span>
Answer:
OK! TYSM
Explanation:
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I believe the answer is: citizens choose to trade goods or services for something else of value
Voluntary exchange could only happen if both parties involved are willingly committed to a certain type of transaction because they both genuinely believe that they will benefited from a the transaction. Examples of a voluntary exchange would be when a kid choose to spend their daily allowance to purchase his favourite candy.
Answer:$4, $8, $12
Explanation: we will first find the sales value of each CD price group
Group CD1= 100x5/(100x5+800x10+10015) = $500/$10,000= 0.05X 100= 5%
Group CD 2 = 10x800/ (100x5+800x10+100x15) =$800/%10,000= 0.8X 100=80%
Group CD 3 = 100x15/(100x5+800x10+100x15)= $1500/ $10,000 = 0.15X 100%=15%
So the costs per CD are:
CD 1= 8000 X.05/100= $4.00
CD 2=8000 x 0.80/800= $8.00
CD 3= 8000x 0.15/100= $12.00
Answer:
$5,415
Explanation:
Purchases Sales
January: 10 units at $120 6 units at $120
February: 20 units at $125 5 units at $125
May: 15 units at $130 9 units at $130
September: 12 units at $135 8 units at $135
November: 10 units at $140 13 units at $140
On December 31, there were 26 units remaining in ending inventory.
When you use last in, first out (LIFO) method, you calculate cost of goods sold based on the price of the last units purchased.
COGS:
- January: 6 units at $120 = $720
- February: 5 units at $125 = $625
- May: 9 units at $130 = $1,170
- September: 8 units at $135 = $1,080
- November: 13 units at $140 = $1,820
- total $5,415