Answer:
$343,000
Explanation:
Given that,
Sales revenue = $385,000
Operating expenses = $65,000
Net loss = $23,000
Gross profit:
= Net loss + Operating expenses
= - $23,000 + $65,000
= $42,000
Cost of goods sold:
= Sales revenue - Gross profit
= $385,000 - $42,000
= $343,000
Therefore, the amount of cost of goods sold for the Lucky is $343,000.
Answer:true
Explanation: just took the test
Answer:
Normal good
Explanation:
Income effect Is change in quantity demanded when the consumers purchasing power change as a result of a change in real income.
Substitution effect is when quantity demanded falls as a result of rise in price of a good which leads consumers to purchase cheaper alternatives.
A normal good is a good whose demand increases as income increases.
If the price of a normal good falls, the real purchasing power of the consumer increases and the consumer buys more of the good. Also, the consumer substituites from more expensive alternative goods to the more cheap normal good. The income and substitution effect both move in the same direction.
Answer: Conglomerate structure
Explanation: In simple words, conglomerate structure refers to the structure under which many entities operate in different industries under a single corporation. In other words, it is a different name for parent subsidiary relationship.
In the given case, Lito group owns different firms in different industries. Hence from the above we can conclude that the group uses conglomerate structure.
<span>The wealthiest nations of Southeast Asia, excluding Singapore (which is one of the wealthiest countries in the world) are Thailand and Malaysia, with Malaysia being in the 130th position according to GNI (Gross national Income) and Thailand in the 120th position (the higher the number the bigger the GNI). After this it's Indonesia in the 72nd place. </span>
