Answer:
$1120
Explanation:
Units in ending inventory = 28 + 23+ 33 - 56 = 28 units
Inventory turnover = 22021 / 2665 = 8.26
Inventory value = 28*40 = 1120
Inventory = =22*130+24*140+26*150+24*160+30*170 = 19060
Explanation:
There are no deficits or surpluses in terms of output, no obstacles to the entry or exit of businesses on the market, and the number of customers is so high that it is only the economic demand that decides the value of the products in the market. Thus, the reality is that the market is completely open. All producers earn normal profit and both manufacturers and consumers accept the commodity price.
In comparison, a monopoly market competition can be defined as a business environment where one entity or group of companies dominates the supply market and thus controls output factors. In this case, the monopolist decides the price of the goods on the market, as the competition is always strong. Free entry or departure from companies is not allowed in a monopolistic competitive market.
The short-term and long-term production or profitability are the same in the case of a fully competitive market. Since the production factors are often under control and fully meet the demand and supply of the market. In the shorter term and that in the long run, a perfect competition business will see stable and strong economic growth. In the case of a business or corporation which is fully competitive, there is no distinction between the competitors ' profit margins and all companies have the same rate of profit.
I had to look for the options and here is my answer:
Based on the one presented above, we can say that the equivalent equation can be written like this: <span>BI + P = COGS + EI. BI refers to the beginning inventory and P is the purchases. The COGS is the cost of goods sold. EI is the ending inventory. Hope this helps.</span>
Answer:
(a) A salaried worker
(c) Bread ingredients
Explanation:
Variable costs are costs that can be modified in the short term, such as wages and inputs in the production process. The more inputs and the more workers, the higher the variable costs. If the cost gets too high, you can fire the worker and buy fewer inputs. By contrast, fixed costs are costs that the company cannot change in the short term, only in the long term, such as capital goods (such as the oven), rent, electricity and water bills. To complete the pricing structure, there is the total cost consisting of the sum of the variable cost and the fixed cost.
