Answer:
$19.21
Explanation:
The computation of the unit cost per item is as follows:
Beginning merchandise inventory $52,000
Add: Purchases + freight in $293,000 ($280,000 + $13,000)
Less: Ending merchandise inventory -$54,900
Cost of goods sold $290,100
Now the cost of goods sold per unit is
= $277,100 ÷ 15,100 units
= $19.21
Answer:
True
Explanation:
Risk management is the practice of identification of number of risks that the organization faces and then assessing each of them. After assessment of the risks, the organization try to find ways to eliminate or reduce each single risk so that the business operations do not get affected. The precautionary measures can be simply avoid the risk, face the risk, share the risk (Insurance) and reduce the risk to acceptable level.
Answer:
Holding period yield is 114.97%
effective yield is 8.72%
Explanation:
holding period yield=(Price at call-initial price+coupon payments)/initial price
=($970-$935)+(13*$80)/$935
=($35+$1040
)/$935
=$1075/$935
=114.97%
The effective yield is the yield to call which can be computed using the excel rate formula:
=rate(nper,pmt,-pv,fv)
nper is the number of payments before the call which is 13
pmt is the periodic payment by bond which is $1000*8%=$80
pv is the current market price of $935
fv is the bond price at end of 13 years at $970
=rate(13,80,-935,970)
rate=8.72%
Do you got a picture or something
Answer:
B. not accurately defined by any of these statements.
Explanation:
An inferior good is defined as one whose the quantity demanded decreases as the income of its consumers increases and vice versa.
<em>Option A is incorrect because the income elasticity for inferior goods is negative and therefore, as the income of the consumers increases, the demand curve shifts to the left.</em>
<em>Option C is incorrect because an inferior good does not necessarily mean a fake good. A good can be inferior but yet meet all the standards for approval by the FDA.</em>
<em>Option D is incorrect. The price and quantity demand for inferior goods, just like normal goods do not vary directly. This is only applicable to luxurious goods.</em>
None of the statements in A, C, and D accurately defined an inferior goods.
Hence, the correct option is B.
