A shortage exists when the quantity demanded is greater than the quantity supplied.
<h3>What is
shortage ?</h3>
- Shortage means that the Seller does not have sufficient quantities of the Products at the Delivery Location due to lost or failed quantity shipments, exhausted inventory, or for any reason unable to ship the Products to the Delivery Location. .
- Examples of shortage are food, water, energy and labor.
- Changes in demand or supply can occur for a variety of reasons.
- Not all are related to price changes.
- Rarity and rarity are two different things, and certain economic rarity characteristics set them apart.
- From an economic point of view, a bottleneck occurs when demand exceeds supply.
- Supply and demand must match in order for the market to remain in equilibrium.
- Otherwise, there will be excess and deficiency.
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ExplanatMary trades in <em><u>paper assets</u></em> that involves buying and selling of stocks and mutual funds. She is a major shareholder and the CEO of a large corporation. She needs capital to expand the company. Mary can raise capital by issuing <em><u>bonds</u></em>. This will assure lenders that Mary’s company will repay the loan.
External sources of finance are equity capital, preferred stock, debentures, term loans, venture capital, leasing, hire purchase, trade credit, bank overdraft, factoring etc.
Answer:
Cost of Goods Sold on the income statement for the year ending December 31, 2019 is $ 24,010
Explanation:
First in First Out is an Inventory management system that is build on the idea of selling first the Inventory that came earlier or acquired first.
Perpetual Inventory System Records cost of sale of inventory with each sale
Sale of Inventory was made on March 10,2019 and October 30,2019. It is important to keep track of the cost of sale of inventory on these dates and then find the total which will be presented as cost of sales in the financial Statement
<u>Cost of Goods Sold</u>
March 10,2019 : 80 units × $82 6,560
October 30,2019 : 45 units × $ 82 3,690
160 units × $ 86 13,760
Total Cost of Goods Sold 24,010
