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Inessa [10]
3 years ago
7

Beginning inventory, purchases, and sales for Product XCX are as follows:

Business
1 answer:
9966 [12]3 years ago
4 0

Answer:

Cost of merchandise sold = $483 , Closing stock = $227

Explanation:

Perpetual inventory system includes updates done, when sale or purchase transaction happens

Opening Stock = 26 units (price 15). Value = 26 x 15 = 390

Sale = 13 units, price 15. So, sales cost value =  13 x 15 = 195  

Purchase = 20 units (price 16). Value = 20 x 16 = 320

Sale = 18 units, price 16. So, sales cost value = 18 x 16 = 288

Total sales cost value, or cost of merchandise sold = 195 + 288 = 483

Closing stock = Opening stock + purchase - sales cost

= 390 + 320 - 483

= $227

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Which of the following sections of a business plan comes first but should be written last?
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B. Executive Summary

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Executive Summary is a business plan which comes first and should be written last

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You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The
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7 0
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If demand increased by 100 units at each price level, and the government set a price ceiling of $40, then there will be
mel-nik [20]

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no surplus or shortage

Explanation:

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If demamd increases by 100, new equilibrium is 40

Thus, ceiling price equal equilibrium

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Effects of a binding price ceiling

It leads to shortages

it leads to the development of black markets

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4 0
2 years ago
A company growing at an annual rate of 35 percent will double in size in just two years. A company growing at an 18 percent rate
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Yes.

I agree with the statement that "Persistent long-term growth is most achievable in moderate rates."

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For instance, Company B may not be motivated to continue on its growth trajectory because it has doubled in size in a few years.  The reason for this demotivation is that to achieve further growth may not become a motivator and it may not be repeatable, with management relaxing its growth efforts.  Companies that achieve persistent long-term growth usually grow at moderate rates.

7 0
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suppose that lenders want to receive a real rate of interest of 5%, and that they expect inflation to remain steady at 3% in the
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The interest rate is 7%.

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The real rate of interest is always above the nominal interest rate when inflation is positive. In this case, we are told inflation is 3%. Since the real rate of return is the nominal interest rate minus inflation, we need a nominal interest rate of <u>5%+3%=8%</u> to get a real interest rate of 5%.

To calculate the real interest rate subtract the inflation rate from the nominal interest rate. Mathematically it looks like this The real interest rate is the nominal interest rate minus the inflation rate. Creeping inflation is a type of inflation in which the price level rises steadily at a moderate rate over an extended period of time.

Learn more about The interest rate here:-brainly.com/question/25793394

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7 0
1 year ago
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