Answer:
$302.
Explanation:
FIFO is an inventory management method. As the name says, First-In First-Out, it assumes that the oldest recorded inventory is sold first. This can be the assumption of management as the goods sold can be the ones that were recently purchased. So, the cost of oldest inventory is to be charged Cost of Goods Sold first and then that of the recent ones, if any.
<u>Calculation</u>
Gadgets Sold = 10 + 50 - 8 = 52 gadgets were sold during the period. Under the FIFO cost flow assumption, the cost of oldest gadgets that is $50 (10 * 5) is to be charged to P&L first and then of the newer ones which is $252 (42 * 6). This makes the total cost of goods sold for month to be $302 (252 + 50).
Answer:
170,146
Explanation:
$250,000 / (1.08)5= 170,146
Answer:
The correct answers are letters "B" and "C": Some domestic producers benefit from tariffs and quotas; Government revenues may increase as a result of enacting tariffs.
Explanation:
Tariffs and quotas are taxes a country imposes on imports to promote domestic consumption of certain goods. This can be beneficial for those manufacturers and the country because in the case the foreign producers want to still offer their products in that region, they will need to pay higher tariffs, which is translated in more revenue for the country imposing the taxes.
Answer:
Life cycle analogy method
Explanation:
Life cycle analogy method A qualitative forecasting technique that attempts to identify the time frames and demand levels for the introduction, growth, maturity, and decline life cycle stages of a new product
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