Answer:
The cost of goods sold for the year is $134,300
Explanation:
The cost of goods sold for the year = Beginning inventory + Merchandise Purchased - Ending inventory
Tuity Fruity Beverage Company's purchases $140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.
Therefore:
The cost of goods sold for the year = $12,600 + $140,700 - $19,000 = $134,300
Answer:
c. 1.5%
Explanation:
Food as total Expenditure of Country = 15%
Food's Price rise = 10%
while other components of the price index remain constant price index rise will be calculated as follows:
Price index rise = 15% x 10%
Price index rise = 0.15 x 0.1
Price index rise = 0.015
Price index rise =1.5%
So the correct option is c. 1.5%
The unit selling price of the selling price is equal to the sum of the original price and the amount that should be added for the marking-up, which is equal to 30% of the original per unit cost. This can be calculated through the equation below.
per unit selling price = ($18)(1.30) = $23.4
ANSWER: $23.4
This scenario is an example of GROUP THINKING.
Group thinking refers to the psychological phenomenon which normally occur withing a team or a group of people as a result of desire for harmony and conformity within the group. In the process of conforming to the group, irrational decisions are usually made.
