The annual percentage rate on a credit card determines ______

Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly fina

NISA [10]

1)The estimated ending inventory is $48,236

2)The estimated ending inventory is $72,000

Explanation:

1)For the given values the beginning inventory,net purchases, freight-in, cost of goods available for sale , cost of goods sold, net sales, less estimated gross profit, estimated inventory before theft, stolen inventory and estimated ending inventory are calculated in the given system.

The estimated ending inventory is $48,236

2)

For the given values the beginning inventory,net purchases, freight-in, cost of goods available for sale , cost of goods sold, net sales, less estimated gross profit, estimated inventory before theft, stolen inventory and estimated ending inventory are calculated in the given system.

The estimated ending inventory is $72,000

4 0

3 years ago

FL Systems Inc. and Oryxo Systems Inc. are two competing firms. FL Systems Inc. has $300,000 in tangible assets and $200,000 in

BartSMP [9]

Answer:

C

Explanation:

Based on the scenario being described within the question it can be said that FL Systems Inc. will find it harder than Oryxo Systems Inc. to attain competitive advantage. This is mainly due to the fact that FL Systems Inc. has a large percentage of their money locked in intangible assets. These are assets that cannot be touched or physically used by the customers which makes it very difficult for customers to see the potential value which ultimately hurts their competitive advantage.

8 0

3 years ago

A new technology is announced which allows manufacturers to produce widgets for less. Widgets are a key input in the production

Tanzania [10]

Answer:

The supply curve will shift to the right.

Explanation:

Whenever there is increase in supply of goods, due to any reasons the supply curve moves to right.

Here, as with the introduction of new technology, the cost of widgets one of the key inputs to the production of whatchamacallits, is reduced,

Accordingly, with the reduction in price of inputs the cost for manufacturers will decrease and they will produce more.

As a result the supply for the product whatchamacallits will increase, and with that the supply curve will move right.

6 0

3 years ago

Describe the elements that must be present for the courts to rule that a contract is unconscionable?

Evgesh-ka [11]

The elements that would have to be in place for a contract to be unconscionable would be that

They were under pressure
They were misled
They did not have the right information

<h3>What is meant by a contract?</h3>

This is the term that is used to refer to the fact that two people or more have agreed to do business with themselves.

In order to be a contract, one person would have to create a bargain and the other would be the one that would agree to the terms.

It is unconscionable at the time when the contract is done and the person or one of the parties is found not to have been able to make the contract agreement at their right frame of mind. In this case, the law has the power to protect this party.

Hence they would have to rule in his favor. Therefore to be unconscionable, a contract would have to have been misled, have been made under duress and without the adequate information.

The annual percentage rate on a credit card determines _______.