Answer: Market allocates goods effectively.
Explanation: Effective market allocation is the economic market interaction discussed in this case study. As there was a storm and the power lines got down it was obvious that the demand for the batteries and flashlights will increase and the stock became insufficient but the market forces came into action leading to increase in supply and restoring demand and supply to equilibrium level .
Manufacturing cost is the total manufacturing cost of goods completed during a particular accounting period. These costs include direct materials, direct labor, and manufacturing overhead for products transferred from manufacturing to finished goods inventory.
The manufacturing cost of goods is important. Because it gives management an overview of the total cost of production and whether that cost is high or low. By better understanding the cost of goods produced, the company can make adjustments to maximize overall profitability.
Correct answer $46400
Working
Unadjusted cost of goods sold $ 48,000
Add: Ending finished goods $ 8,400
Less: Beginning finished goods $ (10,000)
Cost of goods manufactured $ 46,400
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Answer:
C
Explanation:
This balance sheet equation is incorrect, Assets minus Current liabilities = Longminusterm liabilities
When a nation pegs its exchange rate, it may occasionally find itself in economic circumstances where it would prefer to implement an expansionary monetary policy to combat the recession, but it is unable to do so since doing so would lead the nation's currency to decline and sever its hard peg.
<h3>
Is expansionary monetary policy helpful in fighting recessions?</h3>
Increasing government spending or lowering taxes are two ways that expansionary fiscal policy raises the amount of overall demand. The best time to implement an expansionary fiscal policy is when an economy is in a slump and producing less GDP than it could.
<h3>
What is the effect of expansionary monetary policy on the economy?</h3>
A monetary policy that is expansionary causes an economy's interest rates to rise. A monetary policy that is expansionary causes investment in an economy to decrease. An expansive monetary policy causes the aggregate demand curve to shift to the left.
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A relatively inexpensive item that merits little shopping effort, is called Convenience product.
<h3>
What is the Product?</h3><h3>
</h3>
Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.
Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.
In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.
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