Answer:
$82
Explanation:
As company Uses FIFO system, it will sell first two products
The cost price =($60 + $67 = 127).
So Gross profit = Selling Price-Cost Price
Gross Profit = 209-127
= $82
The gross profit for the period is $82
Answer:
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Compounding is the process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.
<h3>What is compounding?</h3>
This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.
The initial principal amount and the interest made after a period when added together is regarded as compounding.
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Answer:
Outputs of operations management processes are always tangible goods.
Explanation:
Operations management focuses on the production and distribution processes of both goods and services. Its main goal is to improve the efficiency and effectiveness of the processes involved.
When applying operations management o service processes, you must pay attention to how the service is delivered to customers, e.g. procedures, schedules, activities, etc.
In recent years, both China and India have seen rapid economic growth and urbanization as their populations have grown larger. While these changes have helped many citizens reach middle-class status, the one significant area negatively associated with this expansion is that the amounts of environmental pollutants have increased.
<h3><u>Why economic groth causes pollution ?</u></h3>
- Economic expansion is linked to environmental degradation in the initial phase. At this point, the expansion of industry in less developed nations results in higher production of goods requiring a lot more energy and higher emissions of pollutants.
- Due to increased environmental awareness, adjustments in production, and tighter environmental restrictions, the tendency of environmental degradation steadily diminishes with the expansion of services and knowledge-based, technology-intensive sector.
- One may get the conclusion that economic growth in China and India appears to be inevitable. It is necessary for the continued growth of the nations and wealth of the local populace.
- On the other side, it may also be accompanied with a wide range of environmental issues and a decline in the state of the nation's health.
- Both nations have made the decision to pursue more economic development in the hopes that it will spare them from a humanitarian and environmental catastrophe.
To viewmore questions about economic growth, refer to:
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