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yaroslaw [1]
3 years ago
15

The economics profession thrives because:

Business
1 answer:
Pie3 years ago
4 0

Answer:

Your answer to your Question is D. economists always agree on solutions to economic problems and have helped solve all major global financial crises.I HOPE I HELPED YOU GIVE ME BRAINLIST PLEASE Thank you have a nice day!

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Tile Depot, specializing in retail of construction materials, carries a popular flooring tile. The annual demand is estimated to
natta225 [31]

Answer: D. 500

Explanation:

The Economic Order Quantity (EOQ) refers to an efficient number of units that a company should order to minimize the total costs of inventory such as holding costs, order costs, and shortage costs.

It is calculated by the formula below,

EOQ = √ (2 * Annual demand * Ordering Cost / Holding Cost)

EOQ = √ (2 * 5,000 * 250 /10)

EOQ = 500 units.

The economic ordering quantity (EOQ) for this item is 500 units.

6 0
3 years ago
LO 3.3When sales price decreases and all other variables are held constant, the break-even point will ________.
miss Akunina [59]

Answer:

increase

Explanation:

Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even  formula is below;

Break-even = Fixed cost / (Sale price - Variable cost)

If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.

3 0
3 years ago
EA1.
Akimi4 [234]

Answer:

Explanation:

ummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm'

5 0
3 years ago
Of fifo or lifo, which method would produce the more favorable cash flow? fifo, because of it produces lower income tax expense
quester [9]
FIFO stands for First In First Out and LIFO stands for Last In First Out.
Answer: LIFO produces more favorable cash flow because LIFO PRODUCES LOWER INCOME TAX EXPENSE.
During inflation, LIFO approach is adopted for tax benefits. With the rise in prices, LIFO produces higher cost of sold amounts of goods.
4 0
3 years ago
Universal Travel Inc. borrowed $500,000 on November 1, 2013, and signed a 12-month note bearing interest at 6%. Interest is paya
valentinak56 [21]

Answer:

C.$5,000.

Explanation:

November 1, 2013

Amount of Loan = $500,000

As the Interest is payable at maturity, at December 31, 2013 only one month of interest expense is accrued, which is not paid, Following Journal entry will be passed tor record the interest expense.

Dr.  Interest Expense               $2,500

Cr.  Interest Payable on Note  $2,500

Interest Expense = $500,000 x 6% x 2/12 = $5,000

6 0
3 years ago
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