Answer:
$18,650
Explanation:
FIFO means first in, first out. It means its the oldest inventory that are sold first .
If the company sold 800 inventory, the 800 would be taken from the beginning inventory which is a total of 450 and the remaining 350 would be taken from the inventory produced in January.
Cost of goods sold
450×$22 = $9,900
350 ×$25= $8,750
$9,900 + $8,750 = $18,650
I hope my answer helps you
Answer:
True (Dead-weight loss )
Explanation:
When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.
Answer:
c. 250
Explanation:
Since; Turkish lira = 1 Brazilian real
and exchange rate (E) = 0.84
Considering that Brazil is the home country
The price level in Turkey = 210
∴ Brazil price level = 210 / 0.84 = 250 real
Answer:
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Explanation:
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