Answer:
a. should be discouraged because it lessens a quality that makes that antique desirable
Explanation:
In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.
Answer and Explanation:
The computation of the cost od merchandised sold for each sale and the inventory balance after each sale is presented in the attachment below;
The perpetual inventory is the system which updated the inventory as on a regular basis
While on the other hand, the weighted average cost method is the method in which the average cost is calculated after each every purchase is made
In the calculation below:
1. The weighted average cost of $30.90 come from
= (Total inventory cost) ÷ (Total quantity)
= ($180,000 + $1,674,000) ÷ (60,000 units)
= $30.90
1. The weighted average cost of $31.60 come from
= (Total inventory cost) ÷ (Total quantity)
= ($463,500 + $674,100) ÷ (36,000 units)
= $31.60
Answer:
The correct answer is equal to price.
Explanation:
A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.
The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.
Answer:
20%
Explanation:
Return on assets is a profitability ratio that shows how much in net income a company is able to generate from its assets.
It is a financial measure that shows the net profit a company is able to generate per $1 invested in assets.
Mathematically,
Return on asset = net income/average total asset
= $800,000/$4,000,000
= 0.2
= 20%
This means that the company's management is a to generate a net income of 20 cents for every $1 invested in assets.
Answer:
Employable: suitable for paid work.
