Answer:
Bell inc should report $980,000 as the total amount of inventory at the end of the year.
Explanation:
Given information -
Inventory that were on hands - $830,000
Inventory that was in transit - $60,000
Inventory that was out on consignment - $90,000
Here for taking out the total inventory all of the given above items would be added .
Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.
Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )
Inventory at end of year - $830,000 + $60,000 + $90,000
= $980,000
Answer:
The question puts
Mean demand to be 20000
Standard deviation to be 10000
Storage cost = 60-30= 30
Excess cost to be 30+5-25 = 10
For shipping to south america
Excess cost = 30+5+5-35 = 5 dollars
A.
It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars
B.
Production and profitability are high for south america. Please check attachment for the calculations I added
C.
Number of units
27142-20000
= 7142 units.
Answer:
b. $100 million
Explanation:
Data provided as per question below
Revenue = $200 million
Cost = $100 million
The computation of firm's accounting profit is shown below:-
Firm's accounting profit = Revenue - Cost
= $200 million - $100 million
= $100 million
Therefore, for computing the $100 firm accounting profit we simply applied the above formula.
Answer:
Price Quantity demanded Quantity demanded
business travelers vacationers
$150 2,100 1,000
$200 2,000 800
$250 1,900 600
$300 1,800 400
using the midpoint method:
- price elasticity of demand for business travelers = {(1,900 - 1,800) / [(1,900 + 1,800) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (100 / 1,850) / (-50 / 275) = 0.054 / -0.182 = -0.3
- price elasticity of demand for vacationers = {(600 - 400) / [(600 + 400) / 2]} / {(250 - 300) / [(250 + 300) / 2]} = (200 / 500) / (-50 / 275) = 0.6 / -0.182 = -3.3
Therefore, the demand for airline tickets in this price range is elastic for vacationers because business travelers are sensitive to changes in price? <u>FALSE, the demand for airline tickets for vacationers is elastic because vacationers are very sensitive to the changes in price, while business travelers aren't.</u>
