Answer:
we need to calculate the GDP per capita
Explanation:
gross domestic product (GDP) per capita is calculated by dividing nominal GDP by the total population of a country.
Or you can calculate real GDP per capita = real GDP / total population
The World Bank also uses another method for comparing GDP per capita between different countries and it is the purchasing power parity (PPP) which uses the US dollar as the base currency for the world and then calculates the amount of goods that you could purchase in US dollars. This is done to reduce differences in costs between poor and rich countries, e.g. a small house in Switzerland costs hundreds of thousands of US dollars, while a similar small house in Paraguay costs 20-30 thousand US dollars.
Answer:
COGS= $7,950
Explanation:
Giving the following information:
Beginning inventory 10 units at $120
First purchase 15 units at $150
Second purchase 30 units at $180
Third purchase 20 units at $195
Helen Tools has 25 hammers on hand at the end of the year.
<u>Under the FIFO method of inventory cost, the cost of goods sold is calculated using the purchasing price of the first units incorporated.</u>
We need to calculate the number of units sold:
Units sold= total units - ending inventory
Units sold= 75 - 25= 50 units
COGS= 10*120 + 15*150 + 25*180= $7,950
Answer:
The appropriate solution is:
(a) $3150
(b) $4200
Explanation:
According to the question,
(a)
The exchange loss will be:
=
=
= ($)
(b)
The exchange loss will be:
=
=
= ($)
<span>A market which is monopolistically competetive has an imperfect competition and characterized with many producers that sell products that are differentiated from one another. Because of this there are not perfect substitutes.</span><span>
So, the reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because </span>products are differentiated.