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meriva
3 years ago
5

Domestic Market for Steel, Alpha

Business
1 answer:
Andru [333]3 years ago
4 0

Answer:

C) Both nations want to export steel.

Explanation:

Equilibrium price is the economic market situation where the quantity demanded of a commodity and the quantity supplied are equal. Both nations, alpha and beta would want to supply or export more steel because at the price of $1 both nations supplied less than the quantity which was demanded. More imports will be probably needed here which iwill push up their supply.

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On Amazon, when the customer is ready to make a purchase, the database ____ manages the entire process
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4 years ago
A 55 year-old supervisor at a private company, who has always received good performance appraisals, is nevertheless fired. Two y
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Selvig and Anzer, a military weapons manufacturer, is divided into different organizational units—the S&amp;A Logistics, which h
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3 years ago
Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information
IgorC [24]
If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
 Given
  Sales - 200,000
  Goods available for sale - 261,000 (cost) & 450,000 (retail) 

First, we need to get the cost of retail ratio. the formula is 
 Cost to Retail ratio= Cost/ Retail
           261,000
CRR= -------------   =   0.58
           450,000

Next is to get the ending inventory by following this steps
                                                              Cost             Retail
Cost of Goods Available for Sale    $261,000        $450,000
- Sales                                                                        $200,000
                                                                                  ------------------
Ending Inventory                                                        $250,000
x Cost to Retail Ratio                                                           .58
                                                                                  ------------------
Ending Inventory                                                       $145,000

So, the estimated ending inventory for the month of July is $145,000. 
4 0
4 years ago
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