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Sav [38]
4 years ago
15

Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is

shown below:
Cost Retail
Beginning inventory $ 49,000 $ 66,000
Net purchases 157,000 221,000
Net markups 25,000
Net markdowns 38,000
Net sales 223,000

The conventional cost-to-retail percentage (rounded) is:

a. 83.1%

b. 66.0%

c. 71.8%

d. 75.2%
Business
1 answer:
ryzh [129]4 years ago
7 0

Answer:

Option (b) is correct.

Explanation:

Given that,

Under cost:

Beginning inventory = $49,000

Net purchases = 157,000

Total value:

= Beginning inventory + Net purchases

= $49,000 + 157,000

= $206,000

Under Retail:

Beginning inventory = $66,000

Net purchases = 221,000

Net markups = 25,000

Net markdowns = 38,000

Net sales = 223,000

Total value:

= Beginning inventory + Net purchases + Net markups

= $66,000 + $221,000 + $25,000

= $312,000

Cost to retail percentage:

= (Total value under cost ÷ Total value under retail) × 100

= ($206,000 ÷ $312,000) × 100

= 0.66 × 100

= 66%

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Poornima is a 31-year-old professional basketball player. She finished her last season as a player 3 weeks ago and is currently
Rudiy27

Answer:

<em><u>Options Include:</u></em>

Is he/she employed,

<em>unemployed is Correct</em>

"not in the labor force", or

"not in the adult population"

Explanation:

Poornima is unemployed, since she has stopped working as a basketball player and seeking a job as a coach.

The Bureau of Labor Statistics describes unemployment as individuals who don't have an employment, have actively sought work in the last four weeks, and are actually available for work.

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4 years ago
If amazon had decided to design and manufacture the kindle and all its components in the united states, what do you think the co
Scrat [10]

Answer:

Brief summary of the case:

The case deals about the evolution of kindle by Company A. When the company decided to introduce kindle, its price was $399 in 2007. Company A understood that to be successful against the huge competitors, kindle must be priced low. It must be highly reliable, many features and elegance must be provided in the design of kindle. "Company A- designed kindle in State C where the research and development expertise is available.

Market research firm "IS," estimated that the manufacturing cost of kindle is about $185. The expensive components of the kindle are the display used in the Electronic ink technology and wireless cord. Company A contracted with Country C's company to produce the display. A manufacturer in Continent A produced a wireless cord of $13. Many components were contracted to the different countries to reduce the cost of the kindle to be competitive. Now, kindle became the competitor to the massive companies.

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Increase in the manufacturing cost will dilute their competitive advantage and it increases the cost of the product. It will lower the sales and the buyers would prefer to use the competitors' products, which are cheaper.

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3 0
4 years ago
Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of?
denpristay [2]

Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of inflationary effect.

Expansionary or known as  loose policy is a form of macroeconomic policy that seeks to encourage economic growth. Expansionary policy might consist of either monetary policy or it can be  fiscal policy or it can be the combination of the two.

It is a part of the general policy prescription of Keynesian economics which is  to be used during economic slowdowns as well as the recessions in order to moderate the downside of economic cycles.

Expansionary policy can involve significant costs as well as the risks which includes macroeconomic or microeconomic, and political economy issues.

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4 0
2 years ago
Franktown meats just announced that they are increasing the annual dividend to $1.75 and establishing a policy whereby the divid
Monica [59]

I guess the correct answer is $15.77

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5 0
3 years ago
Related to the Economics in Practice on page​ 77: If a hurricane results in the supply of hotel rooms decreasing and the demand
UkoKoshka [18]

Answer:

Increases; Ambiguous effect on equilibrium quantity

Explanation:

This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.

This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.

5 0
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