Answer:
$86,000
Explanation:
FIFO means first in, first out. It means that the first purchased inventory is the first to be sold.
This means thay the 500 units sold would be taken from the earliest purchased inventory and the ending inventory would be the most recently purchased inventories.
Ending inventory = (80 × $150) + (370 × $200) = $12,000 + $74,000 = $86,000
I hope my answer helps you
Answer:
The correct answer is option A.
Explanation:
A decrease in the demand for a product will cause the demand curve to shift to the left. At the same time, an increase in the supply of the product will cause the supply curve to shift to the right.
In such a situation the change in the equilibrium quantity cannot be predicted. It depends on the magnitude of change in demand and supply.
If the proportionate decrease in demand is more than the increase in the supply of the product, the equilibrium quantity will decrease.
If the increase in supply is more than the decrease in demand, the equilibrium quantity will increase.
If the proportionate increase in supply is equal to a proportionate decrease in demand, the equilibrium quantity will remain the same.
the answer is false, hope this helps
Answer:
d. is in the short run
Explanation:
In the short run, at least one factor of production is fixed. In this question, the kitchen area and sitting space are fixed. These represents the fixed costs.
In the long run, all factors of production are variable.
The variable cost in this question , is the cost of Labour.
I hope my answer helps you
Answer:
SSE = 1678.115; s2 = 139.843; s = 11.826
Explanation:
Consider the following formulas:
SSE: This value provides a measure of how well the line of best fit approximates the data set.
S^2: The variance is mathematically defined as the average of the squared differences from the mean
S: is the expectation of the squared deviation of a random variable from its mean.
