Strategy is a sustainable and dominant market share the set of actions a firm takes to achieve a competitive advantage.
<h3>What is Competitive advantage strategy?</h3>
Competitive advantage can be explained as factors that influence a company to produce goods or services and be able to stand out compare to her other company in that industry.
These advantages help the company to be able to produce and generate more sales compared to its market rivals.
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Answer:
The June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method:
$65,318.40
Explanation:
a) Data and Calculations:
June 30, 2020 Inventory = $60,480 at retail
Ratio of cost to retail = 68%
Inventory at cost = $41,126.40 ($60,480 * 68%)
General price level increase from 100 to 108
Inventory at the June 30 price level under the dollar-value LIFO retail method:
Inventory at cost = $44,416.50 ($41,126.40 * 108/100)
Inventory at retail = $65,318.40 (44,416.50/68%)
Answer: Cost of closing inventory =$25,000
Explanation:
Using the FIFO which is the First In First Out method, The inventorY purchased first be sold first with the the ending inventory consisting of the most recent purchases.
Given nthta ending inventory is 400 units, we start fro the most recent purchase
12/15 purchase of 100 units at $80 each=$8,000
6/15 purchase of 200 units at $60 each=$12,000
we are left with 100 units so
2/28 Purchase 100 units at $50 each =$5000
Cost of closing inventory =$8,000+$12,000+$5000= $25,000
Therefore cost of 400 units using the FIFO Method is $25,000.
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, where
is the price and
is the quantity demanded. This means that elasticity reflects what is the percentage change in quantity
in the presence of a percentage change
in prices.
. If prices increased, but revenues fall, then
, then
, wich is consistent with an elastic range of demand.