Answer:
One of the things President Roosevelt could have done to mitigate, rather than exacerbate inflation or economic downturn was:
B. Reduce business regulations.
Explanation:
During his tenure government obtained the legal backing to regulate businesses. We are aware of the detrimental effects of business regulations by government, which skyrocketed from 1936 at the height of the New Deal measures, thereby increasing the compliance burden on businesses. Some of the newest regulations include the Federal Trade Commission (FTC), the Fair Packaging and Labeling Act of 1966, Fair Labor Standards Act (FLSA), The Employee Retirement Income Security Act (ERISA), the Environmental Protection Agency (EPA), and several Privacy laws.
Answer:
A. product differentiation
Explanation:
Product differentiation is making a good or service different from that of compettitors in order to attract customers.
Equilibrium price is the price at which the demand curve is equal to the supply curve.
a monopsony is where there's only one buyer in the market.
A perfectly competitive market is when there are many buyers and sellers of homogenous goods and services.
I hope my answer helps you
Answer:
The managerial accountant found out that the cost of the units previously sold was higher than the selling price per unit.
If the variance is unfavorable, it means that the total budgeted costs were larger than the total budgeted revenue. In this case the variance was $5,600 unfavorable. We are not told how many units were sold but it is obviously a mistake to sell products at a lower price than COGS. So the previous flexible budget was not properly prepared.
Answer:
$454,500
Explanation:
Cost of merchandise sold is the cost of the unit sold which is incurred to produce that merchandise. According to Matching concept the only the cost of the products which are sold should be charged against the revenue from that units. The cost of the inventory in hand should be deducted from the total value of inventory available for sale.
As per given data
Merchandise inventory, November 1 $28,000
Add: Purchases $475,000
Less: Purchases returns and allowances $15,000
Less: Purchases discounts $9,000
Add: Freight in $7,000
Less: Merchandise inventory, November 30 <u>$31,500</u>
Cost of Goods Sold <u>$454,500</u>