Market failure occurs when a free market is unable to A) distribute resources efficiently.
Answer:
D £165,000
Explanation:
The computation of gross profit for the year using the first in first out (FIFO) method of inventory valuation is shown below:-
As we know that
Gross profit = Sales - the cost of goods sold
where
Sales is
= 500 units × £550
= £275,000
And, the cost of goods sold is
= 200 units × £250 + 300 units × £200
= £50,000 + £60,000
= £110,000
We considered only 500 units as these sold units are sold
And, this is a first in first out method so we pick the first date units only
So, the gross profit is
= £275,000 - £110,000
= £165,000
In the study above, the independent variable would be the consumption of caffeine. The independent variable is the variable that is not affected in any change that is done to the experiment. Most likely, it is the one that is being manipulated and in this experiment it the consumption of caffeine.
Answer:
Cash Budget
![\left[\begin{array}{cccc}&$April&$May&$June\\$Beginning&135,000&178,820&376,885\\$sales receipts &272,040&346,965&356,875\\$paid to accounts &-161,300&-148,900&-169,300\\$other &-66,920&-82,880&-87,750&\\$Ending&178,820&376,885&564,460\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26%24April%26%24May%26%24June%5C%5C%24Beginning%26135%2C000%26178%2C820%26376%2C885%5C%5C%24sales%20receipts%20%26272%2C040%26346%2C965%26356%2C875%5C%5C%24paid%20to%20accounts%20%26-161%2C300%26-148%2C900%26-169%2C300%5C%5C%24other%20%26-66%2C920%26-82%2C880%26-87%2C750%26%5C%5C%24Ending%26178%2C820%26376%2C885%26564%2C460%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
To get the collection we createthe colelctiong budget considering 35% is collected in the current month while 605 from the previosu month
![\left[\begin{array}{ccccc}&April&May&June&Total\\$Sales&374400&349500&420500&934000\\$Current Month&131040&122325&147175&400540\\$Previous&141000&224640&209700&575340&\\Total&272040&346965&356875&975880\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%26April%26May%26June%26Total%5C%5C%24Sales%26374400%26349500%26420500%26934000%5C%5C%24Current%20Month%26131040%26122325%26147175%26400540%5C%5C%24Previous%26141000%26224640%26209700%26575340%26%5C%5CTotal%26272040%26346965%26356875%26975880%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The paid to account is based in the previos month.
Then we have to add the equipment purchase with the wages, taxes and expenses to get the other cahs outlay.
We then calcualte and determiante the ending amount which, is carried and transformed into beginning of the next month
