Answer:
c. Ending inventory will be lower if Blake uses weighted average than if FIFO were used
Explanation:
To check which answer is correct, we simply evaluate each option step by step.
<u>Option A</u>
Gross margin is the difference between selling price and cost.
Under FIFO gross margin is $14. (32 -18 =14)
Under LIFO gross margin is $13. (32-19 = 13)
Thus statement is incorrect as gross margin is higher if FIFO is used.
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<u>Option B</u>
If FIFO is used, the dollar amount of ending inventory will be $19 as ending inventory will contain product purchased later that is at $19. In contrast, if LIFO is used, the dollar amount of ending inventory will be $18. Thus the statement becomes incorrect that it will be the same.
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<u>Option C</u>
The ending inventory under FIFO is $19.
The ending inventory under LIFO is $18
The endng inventory under AVCO or weighted average will be, 18+19 / 2 = 18.5
Thus the statement is correct as the ending inventory under weighted average $18.5 is lower than ending inventory under FIFO $19. So, C is the correct Answer.
The purpose of a boycott is to inflict some economic loss on the target, or to indicate a moral outrage, to try to compel the target to alter an objectionable behavior. Sometimes, a boycott can be a form of consumer activism, sometimes called moral purchasing.
Answer:
The correct answer is option (D) A shortage of aisle seats and the equilibrium quantity of middle seats
Explanation:
An aisle seat in a plane is one which is situated at the end of a row and is always adjacent to the aisle. It it mostly preferable to other seats in the plane.
The middle seat is situated at the middle position.
From the question, if the price for the aisle and middle seat are between P1 and P2, passengers will demand for the aisle seat first which will lead to a shortage in aisle seat. Only then will the middle seat be demanded for until it reaches equilibrium with the aisle set.
Because together they get the job done .
Tell Alix to make smaller pretezls. They will taste better, but use less ingredients, therefore keeping the cost lower than it is now. Hope this helps!