Answer:1. $7720
2. $7945
3. $7758
Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.
Total cost of Sales = Total number of units Sold * Total Cost of inventory sold
= 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60
=$7720
Total units sold=1450 we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.
2. Last in first out method is where the last bought inventory is sold first.
Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1
=$7945
Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.
3. Average Cost = (Sum of all costs/Total number of costs)* total units sold
= (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450
=$7769.58
The answer you are looking for is
Global economy
Answer:
If $40,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 10% per year, the amount of each scholarship, starting in 2035 will be:
= $167,089.93
Explanation:
a) Data and Calculations:
Investment in the trust fund in 2021 = $40,000
Investment period = 15 years (2021 to 2035)
Rate of return = 10%
From an online financial calculator:
N (# of periods) 15
I/Y (Interest per year) 10
PV (Present Value) 40000
PMT (Periodic Payment) 0
Results
FV = $167,089.93
Total Interest $127,089.93
Let's start it this way. Since a market system is a system of profit and loss, naturally, both profit or loss will play a vital role in the equation or system. Capitalist economies depend on markets when it comes to their economic activities. The market's role is to serve as a basis for them in determining what profitable activities and enterprises should the people invest on.Without the presence of loss in the equation of a market system, these people will not be able to determine where they should invest and/or withdraw from. Therefore, people base their decision of using their resources through knowing first the profit and loss. The loss will help them go away from companies or activities which will bring the losses.The downside for using the government in shielding companies from having losses is that the government will be abused by these companies. Since all companies will naturally want to not experience having losses.
Answer:D. the marginal cost curve determines the quantity of output the firm is willing to supply at any price.
Explanation: The marginal cost is the change in total cost of producing a set of product as a result of adding one more unit to the production.
For example, if a firm has to buy one more production equipment in order to increase the number of product is the cost associated with that additional equipment is a MARGINAL COST.
THE MARGINAL COST CURVE DESCRIBES THE RELATIONSHIP BETWEEN THE MARGINAL COST OF A FIRM IN THE SHORT-TERM PRODUCTION OF A GOOD OR SERVICE AND THE QUANTITY OF FINISHED GOODS PRODUCED BY A FIRM.
