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3 years ago

Jason works for a restaurant that serves only organic, local produce. What

Business

2 answers:

jonny [76]3 years ago

7 0

The trend this business is following is necessities, since those are things we need.

larisa86 [58]3 years ago

5 0

Answer: Green business

Explanation:

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Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Be

erastovalidia [21]

Cost of goods manufactured is $131,000 and Cost of goods sold is $129,000.

Cost of goods manufactured

Particulars Amount

Direct Material:

Beginning Inventory of Raw Material $10000

Add: Purchase of raw material $45000

Raw material available for use $55000

Less: Ending inventory of Raw material ($8500)

Direct Material used $46500

Direct labor $27500

Factory Overhead $55000

Total manufacturing Cost $129000

Add: Beginning inventory of WIP $14000

Total cost of WIP $143000

Less: Ending Inventory of WIP ($12000)

Cost of goods Manufactured $131000

Cost of goods sold for the year:

Particulars Amount

Beginning stock of finished goods $16000

Cost of goods manufactured $131000

Goods available for sale $147000

Ending stock of Finished goods ($18000)

Cost of goods sold $129000

Read more about Cost of goods sold

brainly.com/question/24561653

4 0

2 years ago

What is partnership. List the advantages and disadvantages of partnership.

oee [108]

Answer:

Disadvantages of a partnership include that: the liability of the partners for the debts of the business is unlimited. each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts.

Explanation:

7 0

3 years ago

Read 2 more answers

Suppose that households have significantly reduced their consumption of beef in response to a rise in beef prices, and substitut

Gnesinka [82]

Answer: Substitution bias:

Explanation:

Substitution bias explains a possible bias in economic index numbers if they do not incorporate data on consumer expenditures changing from products with a relatively high cost to a product with a cheaper price as the prices changes.

Substitution bias happens or can occurs when prices for products change relative to one another product. Consider how consumer expenditures are reflected in a consumer price index. Consumers will tend to buy more of the good whose price declined, and less of the now relatively more expensive good.

5 0

3 years ago

A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t

Zigmanuir [339]

Let
z----------------- > Price Elasticity
x----------------- > % Change in Quantity
y----------------- > % Change in Price

we Know that

Price Elasticity = (% Change in Quantity) / (% Change in Price)----> z=x/y

z=-2
y=-10%
x= ?
z=x/y---------------- > x=z*y=(-2)*(-10)=20 %
% Change in Quantity=20%
Part A) how many pizzas will he sell if he cuts his price by 10%?
He will sell (500 +20 %)----------> 500*1.2=600 pizzas per week

the answer part A is 600 pizzas per week

Part B) how will his revenue be affected?
initial revenue per week
500 pizzas*$20 =$10000

final revenue per week
(500 pizzas+20%) *($20-10%)=600 pizzas*$18=$10800
$10800-$10000=$800

the answer part B is
His revenue will increase $800 per week

4 0

3 years ago

A sudden fall in the market demand in a competitive industry leads to a. A short run market equilibrium price lower than the ori

ratelena [41]

Answer:

The answer is C. Some firms exiting the market

Explanation:

When there is a sudden fall in the market demand in a competitive industry(e.g perfect competition) some firms would making economic losses and it is best if they shut down operation and production. Once these happen, they exit the market.

Option A is incorrect . Same as option B.

Option D is also incorrect

7 0

3 years ago