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3 years ago

3. What can understanding economics forever change about you?

Business

1 answer:

Y_Kistochka [10]3 years ago

8 0

Answer:

It can help you in your future decisions, work or go to college, which will be more beneficial in the long run. It will also change how you think and solve.

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Both Jarek and Kalene produce scarves and rings. However, Kalene is better at producing both goods. In this case, trade could :_

Rudiy27

Answer:

The answer is Benfit both kalene and jarek

Explanation:

It can help them both out in ways.

-Justin:)

5 0

2 years ago

The more often a product turns over (e.g. the higher its turns) the ______ its inventory holding cost per unit.

Rufina [12.5K]

Buisness it’s inventory holding cost per unit

4 0

3 years ago

When a counselor uses a networked or shared computer for the storage of confidential information on clients, the counselor shoul

Alex

When a counselor uses a networked or shared computer for the storage of confidential client information, the counselor should store confidential records on a portable storage device, rather than on the computer's hard drive. A counselor is a person trained to give guidance on personal or psychological problems.

<h3>What is a confidential record?</h3>

Confidential records contain information that for one or more reasons should only be disclosed to specific people or groups.

Therefore, the correct answer is as given above.

learn more about counselor: brainly.com/question/27712678

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5 0

1 year ago

Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory (ending inventory De

Maslowich

Answer:

Results are below.

Explanation:

Under FIFO (first-in, first-out), the cost of goods sold is calculated using the cost of the firsts units incorporated into inventory.

COGS= 2,000*38 + 6,200*40= $324,000

Income statement:

Sales= 8,200*75= 615,000

COGS= (324,000)

Gross profit= 291,000

Tax= (291,000*0.3)= (87,300)

Net operating income= 203,700

Under the LIFO (last-in, first-out), the cost of goods sold is calculated using the cost of the lasts units incorporated into inventory.

COGS= 8,000*40 + 200*38= $327,600

Income statement:

Sales= 615,000

COGS= (327,600)

Gross profit= 287,400

Tax= (287,400*0.3)= (86,220)

Net operating income= $201,180

7 0

3 years ago

A liquor warehouse expects to sell 10,000 bottles of scotch whiskey in a year. Each bottle costs $12, plus a fixed charge of $12

Maksim231197 [3]

Answer:

500 bottles should be ordered at a time.

20 orders should the warehouse place in a year to minimize inventory costs.

Explanation:

The number of bottles which minimizes the warehouse cost is known as the economic order quantity.

Economic Order quantity minimizes both the holding or carrying cost of inventory as well as the ordering cost.

Economic Order quantity = √((2 × Annual demand × cost per order) / Holding cost per unit)

= √((2 × 10,000 × $125) / $10)

= 500 bottles

Number of Order = Total Demand / Economic Order Quantity

= 10,000 / 500

= 20 orders

Conclusion :

500 bottles should be ordered at a time.

20 orders should the warehouse place in a year to minimize inventory costs.

4 0

3 years ago