The answer is Contracts setting the price and date
for a commodity acquisition are transportable. A commodity commodities contract is an arrangement
to buy or sell a prearranged amount of a commodity at an exact
price on a specific date in the future. Buyers use such agreements to avoid the risks related
with the price variations of a futures fundamental
product or raw material.
Answer:
Ending inventory= $916.2
Explanation:
Giving the following information:
Nov. 1 Inventory: 35 units $7.10 each
Nov. 8 Purchase: 142 units $7.60 each
Nov. 17 Purchase: 71 units $7.45 each
Nov. 25 Purchase: 106 units $7.80 each
Nov. 30 ending inventory: 118 units on hand. FIFO (first-in, first-out)
Ending inventory= 106*7.8+12*7.45= $916.2
Answer:
it would have a positive income elasticity and it is a normal good
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Inferior goods are goods whose demand falls when income rises and increases when income falls.
The lands' end will be considered as the consumer in the given choices because a consumer is someone who purchases or buy materials for their benefits, this is seen above as they purchase merchandise and materials from around the world.
