Answer:
$96 per unit
Explanation:
The computation of the average price paid for the commodity is shown below:
Average price = Total cost ÷ Total number of units
where,
Total cost = Total number of units buyed × spot rate - hedge fund
where,
Hedge fund is
= 1,000 × 80% × ($110 - $90)
= $16,000
So, the total cost is
= 1,000 units × $112 - $16,000
= $96,000
Now the average price is
= $96,000 ÷ 1,000 units
= $96 per unit
Answer:
b. Sales promotion
Explanation:
Sale promotions are activities that a company engages in to persuade a potential customer to buy its products. Sale promotions are short-term tactics to boost sales. Although a business may get long-term customers through sales promotions, there are designed to entice new customers in the short-run.
Sales promotions encourage customers to switch brands or try out a different product. They are ideal when introducing new products in the market. Howerver, they are costly, and sometimes have a short term effect on sales.
This case uses a free sample technique ( free dog biscuits) as the promotion method. Other ways of conducting sales promotions include discount vouchers, free money coupons, and competitions.
Answer:
$1,470,000
Explanation:
As we know that
Cost of goods sold = Opening inventory + Purchase - ending inventory
where,
Opening inventory would be
= $495,000 - $170,000
= $325,000
So, the purchase would be
$1,300,000 = $325,000 + Purchase - $495,000
$1,300,000 = -$170,000 + Purchase
So, the purchase would be
= $1,300,000 + $170,000
= $1,470,000
This is the answer but the same is not provided in the given options
Provide information such as the name address date of birth and social security number verify the account provide identification deposit at least the minimum balance sign an authorization card
