Answer:
Closing inventory = 54,000 units
Explanation:
<em>The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.</em>
<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit</em>
Difference in profit = POAR × change inventory
POAR- fixed overhead cost per unit- $10,
Difference in profit - $120,000
let the change inventory be y
120,000 = 30 × y
y= 120,000/30
y = 4000 units
Inventory at the end = opening inventory + change inventory
= 50,000 + 4000
= 54,000 units
<em>Note; An increase in inventory will produce a higher profit using absorption costing. Hence, we added the change inventory to the opening inventory, to reflect an increase in inventory</em>
Implementing its sister strategy, the fiscal policy. This makes changes to tax levels so if consumer spending has declined, the taxes can be lowered so people have more money to spend, thus increasing consumer spending.
Answer:
The market supply curve shows the minimum prices that all the sellers in the market will be willing to accept for the product.
Explanation:
The market supply curve of a product is the summation of individual supply curves. It represents the minimum acceptable prices of the product that all the firms in the market will be willing to accept.
The market supply curve is an upward line representing the law of supply. The law of supply states that other things being constant the supply of a product will be directly related to its price. this means that with an increase in the price level, the output level will increase as well.
Answer: $31,250
Explanation:
The amount from the gain that Jamie may exclude from her gross income in year 2 will be calculated thus:
= $250,000 × 3/24
= $31,250.
Therefore, Jamie may exclude $31,250 from the gross income in year 2.
Thanks
Answer:
implementation programs, to see if the promotion was handled consistently in the different stores.
Explanation:
The manager should evaluate the processes at the stores to find out if there are specific actions that are being taken by some of the successful stores that the less successful ones are not doing.
Difference in implementation could be the source of the inconsistent performance.
