Answer:
--Correct Answer = $ 2,000
Explanation:
the step by step Workings can be seen below
Beginning Inventory $512,000
Add: Purchases $53,000
Less: Cost of goods Sold $48,000
Ending Inventory as per perpetual method $517,000
Less: Ending Inventory as per physical count $515,000
Shrinkage amount $2,000
Answer:
Explanation:
Inputs are the factors required for production to take place. They may include labor and raw materials. In economics, inputs are the four factors of production that include land, labor, entrepreneurship, and capital.
The final cost of a product is dependent on the costs of production. The cost of production is an aggregation of the cost of each input used in the production. For a company to stay in operation, it must meet all its production costs. These costs are spread to each unit produced. A high production cost will result in an expensive product. Should the cost of any of the input increase, then the overall cost of the products will rise.
Answer:
Be smart and watch out for snakes
Answer:
$626,000
Explanation:
Kela corporation has a net income of $550,000
Depreciation expense is $76,000
Cash is $53,000
Therefore the total cash inflows from operating activities can be calculated as follows
=$550,000 + $76,000
$626,000
Hence the total cash inflow from operating activities is $626,000
Answer:
a. The market price of editorial services increases. This will cause a(n)
C. decrease in supply.
Explanation:
The event that triggers the market price of editorial services to increase will also increase the quantity of editorial services offered, and increase the cost of economics textbooks. As a result, it decreases the quantity supplied. The producers or publishers of economics textbook may not be able to pass the increased cost to consumers. They may not even have the resources to publish more books with an increased cost of editorial services. It is only the editors who offer editorial services that will benefit from the market price increase, but only in the short-run.
