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3 years ago

Your total sales during a six-hour shift were $1,200. Your individual performance in terms of sales per hour would be:

Business

1 answer:

Anit [1.1K]3 years ago

4 0

Answer:

b. $200

Explanation:

The computation of the individual performance is shown below:

= Total sales ÷ number of shift hours

= $1,200 ÷ 6 hours

= $200

It means that per hour, the individual performance is $200

We simply divide the total sales by the number of shift hours, so that the sales per hour can determined

It shows a relationship between the total sales and the number of shift hours

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San Lorenzo General Store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost

muminat

Answer:

The average cost of ending inventory is $37,259 and cost of goods sold for october is 24,166

Explanation:

In order to calculate the average cost of ending inventory, we would have to calculate first the cost to retail ratio with the following formula:

cost to retail ratio=Total cost/Total retail

According to the given data, the total cost=$61,425, and the total retail= $87,100, Hence:

cost to retail ratio=$61,425/$87,100= 70.5%

Also, we have to calculate the ending inventory at retail=$87,100+$1,700-$1,050-$37,00=$52,850

Therefore, the average cost of ending inventory= $52,850×70.5%

=$37,259

To calculate the cost of goods sold for october we would have to use the following formula:

cost of goods sold=Beginning inventory+purchases-ending inventory

=$40,000+$21,425-$37,259

=$24,166

6 0

3 years ago

Windsor Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a c

Art [367]

Answer:

Balance sheet extract:

Intangible assets:

Explanation:

The points to note in the question are enumerated as follows:

An internally generated intangible asset cannot be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when incurred.

However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.

7 0

3 years ago

The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi

EleoNora [17]

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

5 0

2 years ago

WHICH OF THE FOLLOWING WILL CAUSE NO CHANGE IN PRODUCER SURPLUS? A) IMPOSITION OF A NON BINDING PRICE CEILING IN THE MARKET. B)

Svetllana [295]

The answer is A. Imposition of a non binding price ceiling in the market

Price Ceiling is when a government impose a price limit over a specific product

Non-Binding Price ceiling is if that price limit that imposed to the product is still higher than market equilibrium , which won't do anything to producer's surplus

5 0

2 years ago

Product, price, promotion, and place make up the __________.

vivado [14]

Answer:

d. Marketing Mix

Explanation:

Target Market is the group of people with specific problem and seeking a solution and ready to spend on it.

Market Segment is dividing a market into sub sets of consumers, businesses or countries who have common needs.

Market Position is organizing for a product by clear minds of target customer relative to competing products.

Marketing Mix is the combination of four P's: Product, Price, Promotion and Place.

8 0

2 years ago