Why isn't full water or food in the dishwasher

sheridan company had beginning inventory of $12600 at March 1, 2022. During the month, the company made purchases of $54600. The

ANTONII [103]

$52670 is the cost of goods sold for the month of March

<h3>What is cost of goods ?</h3>

The carrying value of goods sold during a specific period is referred to as the cost of goods sold. Costs are assigned to specific items using one of several formulas, such as specific identification, first-in-first-out, or average cost.

The value of a company's cost of goods sold is determined by the inventory costing method used. When recording the level of inventory sold during a period, a company can use one of three methods: The average cost method, first in, first out (FIFO), and last in, first out (LIFO)

If COGS rises, net income will fall. While this change is advantageous for income tax purposes, the business will generate less profit for its shareholders. Businesses thus try to keep their COGS low so that net profits will

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7 0

2 years ago

______________ is often challenged as being an inefficient allocation of resources because it promotes monopoly power for some f

DanielleElmas [232]

<u>Advertising</u> is often challenged as being an inefficient allocation of resources because it promotes monopoly power for some firms and these expenditures by multiple firms are often self-canceling rather than productive.

<h3><u>What exactly is advertising?</u></h3>

Despite people's ignorance, advertising is always present. Every media available in today's world is used by advertising to spread its message. It achieves this through several <u>mediums, including television, print </u><u>(newspapers, magazines, journals, etc.)</u><u>, radio, press, internet, direct marketing, billboards, mailers, competitions, sponsorships, posters, outfits, events, colors, sounds, images, and even people </u><u>(endorsements).</u>

The advertising sector is made up of businesses that advertise, agencies that produce the ads, media that run them, and a large number of individuals who take the ads all the way to the consumer or recipient, including copy editors, visualizers, brand managers, researchers, creative minds, and designers.

<h3><u /></h3><h3><u>How does monopolistic power work?</u></h3>

Market power and monopoly power both relate to a company's capacity to set a price above its marginal cost. Monopoly power often occurs in markets with low demand elasticity and high entry barriers.

<u>Monopoly Power Sources:</u>

The elasticity of the product's demand, the presence of economies of scale, the ownership of a vital resource, the existence of legislative restrictions, etc. are all significant determinants or sources of monopoly power.

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6 0

2 years ago

the sale of a good by a foreign supplier in another country at a price below that charged by the supplier in its home market. b.

zepelin [54]

Answer:

a. The sale of a good by a foreign supplier in another country at a price below that charged by the supplier in its home market.

Explanation:

In some cases we find dumpers in the an economic environment. There main objective is drive out competitors since they cannot sell below normal selling price.

The sale of good by the foreign supplier in another country below the normal price would create a monopolistic situation as they will be able to control the price and quality of the product.

For example, 10KG of wheat are sold normally for $5 locally in Country A by a supplier firm and are sold the same amount in Country B.

Then the supplier firm from Country A exports to Country B and decides to sell its 10KG of wheat for $2 in the foreign country. This action is called dumping or price dumping.

6 0

4 years ago

Some economists believe that permanently lower marginal income tax rates __________ the incentive to work and thus shift the ___

gtnhenbr [62]

Answer:

The answer is "increase; LRAS curve to the right".

Explanation:

The curve LRAS represents the flow between all the level of wages and economic GDP supplied because all prices are fully flexible, also with nominal salaries; its cost may change all along LRAS, however, the output cannot, as it represents the complete output of workers, that's why the several economists say that lower marginal rate consistently increases the motivation to work, shifting the LRAS curve to the left.

6 0

3 years ago

A cement manufacturer has supplied the following data: Tons of cement produced and sold 263,000 Sales revenue $ 1,104,600 Variab

Ymorist [56]

Answer:

$2.2 per unit

Explanation:

With regards to the above and to compute the company's unit contribution margin, we need to first calculate the total contribution margin

Total contribution margin

= Sales revenue - Variable manufacturing expenses - Variable selling and administrative expenses

= $1,104,600 - $432,000 - $94,000

= $578,600

Therefore, the company's unit contribution margin

= Total contribution margin ÷ Number of units produced and sold

= $578,000 ÷ 263,000

= $2.2 per unit

8 0

3 years ago