Answer:
Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000
Explanation:
The computation of the ending inventory under FIFO method is shown below:
= Ending inventory under LIFO inventory method + LIFO reserve
= $46,850,000 + $30,346,000
= $77,196,000
For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.
Some union agreements state that current employees must be informed of upcoming new openings. This practice is called internal job posting or just posting.
When company gets new vacancy first they should give opportunity to internal employees rather than going external. Giving opportunity to current employees increases their motivational level. This also sends a positive message to employees that company thinks of their growth and career advancement and they work for the organization more seriously.
This process also helps company by saving it's time and cost as posting can be done easier because employees can be found within the firm and employer can get right feedback of the employee plus it provides short learning curve.
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Answer: A. On the curve.
Explanation:
Production possibilities curve (PPC) is simply a graphical representation that is used to show different combinations of two goods which a particular economy can produce when the economy uses the resources it has efficiently.
Points on the curve shows that the resources in an economy are efficiently used, points on the interior of the curve shows that the resources are used inefficiently while the points that are beyond the curve shows are referred to as unattainable.
Therefore, if you are using your factors of production at 100% efficiency, you will be on the curve.
The answer is A.
Answer:
The correct option which would not be an expected response from decrease in price level is A) with fall in prices, Fargo concrete company has decided to let go workers who have fixed price contracts.
Explanation:
All the options except A are expected response from the fall in price and helps in explaining why the aggregate demand curve shifted ( towards the right ) . In the option B , Tyler decided to remodel his kitchen because of fall in prices, as now he is able to spend more on consumption and investment activities. Same thing is happening in option C and D as the company's here are increasing their investment spending due to the decreased prices.
But the option A , isn't something that was expected as company's don't usually fire their workers just because they have fixed price wage contract and prices have fallen, company is trying to take advantage of fallen prices by reducing the fixed wage workers and hiring new workers on a cheap wage , which help in reducing the company's cost.
Answer:
There is a fundamental law in economics called the law of supply and demand. It states that when prices for one good increase, while the prices for other goods stay the same, quantity supplied increases and quantity demanded decreases. This relationship can be seen on a graph created by economists called "demand curve," where the curve slopes down and to the right.
Explanation:
In economics, the price of a product is determined by the intersection between supply and demand. Demand, of course, varies with factors including time of year and economic growth. Supply will also change with variations in weather conditions and fluctuations in crop production rates. In general, producers want to get as close to this point as they can without going over it where they’ll create more goods than people are willing to buy at that particular price point or time period. This fallacy would result in a surplus which could not be sold off on the market at all because customers do not have enough purchasing power for it even though it is being offered for sale too cheap.
