Answer:
D) The set of decisions, the set of possible outcomes, and a value model that prescribes results.
Explanation:
Problem solving involves use of various methods to find solutions to problems faced by individuals and organisations.
It involves generation of ideas or decisions that can resolve the problem.
These ideas are now analysed to see how viable they are, can they be implemented, and what is the possible outcome.
The valid ideas are now used to create a value model that can effectively bring results.
Answer: True
Explanation:
Endpoint elasticity measures the price change and demand during the endpoint of the change. It uses a simple formula for the calculation of the price and the demand relationships. The formula is:
= (D2 - D1)/D1 ÷ (P2 - P1)/P1
where,
D2 = new demand
D1 = initial demand
P2 = new price
P1 = initial price.
The statement that "The endpoint method computes the percent change as a percent of the starting value" is true.
I think i read the question right. I think they would be out $198
FIFO means First Come First
Out.
In FIFO Method the Inventory
Comes First are deducted from Inventory First at the time of Sales or transfer
to Production unit. Based on this methodology the Value of Closing Stock will
be :
Value of Closing Inventory =
$ 3400.00
Value of Cost Sold = $7,600 +
$7,200 + $3120 + $3400
Total = $ 21,400
cost of goods sold is $ 21,400
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