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2 years ago

_____ buy goods or services they want or need.

Business

1 answer:

strojnjashka [21]2 years ago

4 0

Answer:

Consumers buy goods or services they want or need.

Explanation:

With the alternatives given above, only a customer buys goods or services they want or need while producers produces goods and supply consumers at a specific price. Consumers buys from the producers at a particular price

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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $165 $6,600 Aug. 13 Purcha

Volgvan

Answer:

a. FIFO - Inventory Used: $39900 Remaining Inventory: $14700

b. LIFO - Inventory Used: $41700 Remaining Inventory: $12900

c. Weighted Average Cost - Inventory Used: $40950 Remaining Inventory: $13650

Explanation:

Jan 01. Beginning inventory = 40 x $165 = $6600

Aug 13. Purchases 200 x $180 = $36000

Nov 30. Purchases 60 x $200 = $12000

Ending inventory = 75 units

Inventory Used = 300 – 75 = 225

(a) First-In-First-Out (FIFO)

This is the method where the inventory first received is the one that is used first. Common method when the inventory is perishable and would be wasted if left too long.

Inventory Used:

40 x $165 = $6600

185 x $180 = $33300

Total = $39900

Remaining Inventory:

15 x $180 = $2700

60 x $200 = $12000

Total = $14700

(b) Last-In-First-Out

Method whereby the inventory received latest is used first. Common in goods that are bulky. the inventory on top (latest purchased) is used first.

Inventory Used:

60 x $200 = $12000

165 x $180 = $29700

Total = $41700

Remaining Inventory:

40 x $165 = $6600

35 x $180 = $6300

Total = $12900

(c) Weighted Average Cost

This is whereby you divide the cost of goods sold by the number of units available for sale.

54,600 / 300 = $182

Inventory Used: 225 x $182 = $40950

Remaining inventory = 75 x $182 = $13650

3 0

2 years ago

As a business customer, every time you buy a product or service, you are creating a record of that transaction. Group of answer

aleksandrvk [35]

Answer:

True

Explanation:

A buisness customer records every transaction to see how the transaction was

6 0

2 years ago

Last year Janet purchased a $1,000 face value corporate bond with an 10% annual coupon rate and a 20-year maturity. At the time

Firdavs [7]

Answer:

33.8%

Explanation:

Purchase price of the bond will be computed using the formula below.

$p=\frac{A(1-(1+r)^{-n} }{r} + \frac{F}{(1+r)^{n} }$

where A = annual coupon = 10% * 1000 = 100

r = yield to maturity = 0.1384

n = time to maturity = 20 years

F = face value = $1,000

p = price of the bond.

$p=\frac{100(1-1.1384^{-20} }{0.1384} + \frac{1,000}{(1.1384)^{20} }\\p = 668.4721 + 74.8346\\p = 743.31$

Therefore, if Janet sold the bond a year later for $994.79,

the profit on sale = $\frac{994.79}{743.31} -1=0.3383$

= 33.8% profit (rate of return).

7 0

2 years ago

Which of the following are characteristics of effective government leaders? Select all that apply.

pentagon [3]

Answer:

the ones that apply are:

a) Willingness to accept responsibility.

b) Keep a government strong and active.

d) Act as a final point of authority.

Explanation:

5 0

2 years ago

A diet is to contain at least 3640 mg vitamin C, 2190 mg Calcium, and 2170 calories every day. Two foods, a dairy-based meal and

vovangra [49]

Answer:

(A) 73 ounces of diary-based meal and 28.8 ounces of the vegan option.

(B) The minimum cost per day is [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

Explanation:

First thing to note is that the dairy-based meal costs less than the vegan option. In otherwords, if you're to minimize cost, you should purchase as many ounces of dairy-based meal as possible. This is the first mindset or step.

What the diet should contain everyday:

3640mg - Vitamin C

2190mg - Calcium

2170 - Calories

DAIRY BASED:

(40 × 91 = 3640), (30 × 73 = 2190), (10 × 217 = 2170)

VEGAN OPTION:

(60 × 60.67 = 3640), (30 × 73 = 2190), (50 × 43.4 = 2170)

Getting 73 ounces of dairy-based meal, you have

(40 × 73), (30 × 73), (10 × 73) = 2920mg, 2190mg, 730 calories.

You have left 720mg of Vitamin C and 1440 calories to obtain from the Vegan Option.

(60 × 12 = 720), (30 × 0 = 0), (50 × 28.8 = 1440)

The highest quantity needed here is 28.8 ounces of calories from the vegan option, hence 28.8 ounces of the vegan meal should be purchased. There will be excesses of Vitamin C and Calcium but that is necessary in order to purchase the stipulated minimum amount of each nutrient.

The minimum cost per day will now be [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

8 0

2 years ago