Answer:
Beginning inventory + net purchase = merchandise available for sale
Explanation:
Beginning inventory + net purchase = merchandise available for sale is the statement that correctly describes the flow of costs in a merchandiser's accounting cycle, in the given options.
The fact remains true that 'Goods Available For Sale' is not just an accounting concept but as the name implies, it is the beginning inventory and any purchased inventory within the period that will constitute the amount of goods available for sale.
If we had 10 units left from last period and we purchase 90 units this period, we will only have 100 units available for sale.
Answer:
The correct answer is option b.
Explanation:
The marginal resource cost is the cost of hiring an additional unit of input. In other words, it is the change in total cost because of hiring an additional unit of output.
It can be calculated by measuring the ratio of change in total cost to change in a number of inputs.
It is helpful in the determination of a number of profit-maximizing inputs. If the cost of the marginal resource is equal to the marginal revenue product, the input level is profit-maximizing. Higher marginal resource cost implies that inputs should be reduced and lower indicates that inputs should be increased.
Answer:
Correct option is (C)
Explanation:
Marketing concept is based on designing products after identifying customer needs and expectations. Customer is the king and products should be made according to what they need.
Organizations have been shifting to marketing concept from sales concept as this is the era of consumerism and only those products are in demand that consumers value. So organizations spend considerable amount on market research before developing the product.
Answer:
<u><em>The answer is</em></u>: <u>An excellent transport infrastructure.</u>
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Explanation:
In the early 1900s, the excellent transportation infrastructure and manufacturing base increased mail order merchants.
In the 1920s, the catalog business with retail stores increased to serve an increasingly mobile and urban population.
<u><em>The answer is</em></u>: <u>An excellent transport infrastructure.</u>