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Anika [276]
3 years ago
9

Anybody know how to do FIFO / LIFO Accountancy stuff?

Business
1 answer:
Kay [80]3 years ago
5 0

Nah lad i dont sorry m80 :)

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What is one advantage corporations have over other types of businesses?
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Demand for bikes has suddenly increased, and the
soldier1979 [14.2K]

When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.

<h3>What is meant by profit?</h3>

Profit is an incentive earned by a company by selling its products at a price higher than the original cost.

From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.

Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.

Learn more about the economic profit in the related link:

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The goal in a command economy is economic __________.
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The loan need to be paid on the very same currency by which the loan was taken .

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3 years ago
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