Answer:
The correct option is B
Explanation:
When making a purchase a consumer attempts to get the greatest value possible from expenditure of least amount of money, this is the economic concept of maximizing utility. To maximize the total value derived from the available money.
Be clear about your words and focus on what you are presenting
Government can demonstrate its economic involvement by <em>d. manages regulatory programs.</em>
According to the regulation on consumer services, Sam's Super Healthy Candy must inform consumers about the added sugar in its products. For failing to do this, the government severely fined the company. In this way, the government shows that it is involved in the economy through its regulatory activities.
The government does not show its economic involvement by only <em>maintaining competition, producing goods and services, or providing welfare services.</em>
Thus, the government demonstrates its economic involvement by <em>regulating the activities of commercial entities.</em>
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Answer:
The correct answer is option C.
Explanation:
Forecast is the prediction of future values of a time series.
Forecast in literal sense means prediction or estimate.
Forecast is based on the examination of a systematic data in time series, which reflects some past behavior and future predictions are made on the basis of that.
Time series can be described as the sequence of observations regarding a variable which is recorded over a certain time period.
Answer:
a. $1508
Explanation:
June 1 150 units
June 10 200 units
June 15 200 units
June 28 150 units
Total 700 units
Out of above, only 210 units are in hand. Under LIFO method, 150 units are from 1st June and 60 units are from 10th June.
Date Units (a) Per unit cost (b) Ending inventory (a*b)
June 1 150 $6.93 (1040/150) $1.040
June 10 60 $7.8 (1560/200) $468
Total 210 $1,508
So, using the LIFO inventory method, the value of the ending inventory on June 30 is $1,508
