Answer:
D.
Explanation:
A rent ceiling is a government regulation that makes it illegal to charge a rent higher than a specified level. Meaning that the landlord of a building cannot charge a rent amount higher than the maximum price set forth by the rent ceiling. Landlords that violate this law are usually fined by the government as a consequence.
Answer:
There are a few advantages and disadvantages of these three forecasting sales: moving average, weighted moving average, and regression analysis.
Explanation:
The moving average method is the method in which calculation of a overall trend in a data set is done. It is a simple method. But its disadvantage is that this method doesn't take the data outside the average period into accounting.
The weighted moving average method uses exponential method to verify if the past data's effect is correct, Thus, this makes it more accurate in measurements. But, the disadvantage is that it is difficult to use.
The regression analysis method is majorly used for prediction and forecasting. But the disadvantage is its limitation to the linear relationship so it is not able to provide accurate result in case there are more than one variables.
Linear Multiple Regression Analysis method shows relationship between independent and dependent variables. This is best for sales forecast because it is easy to use for decision making and helps solving business problems
.
Unlimited wants and limited resources
Answer: $3,708
Explanation:
Using FIFO means that the earlier goods are sold before the later ones so the closing inventory would have the latest goods purchased.
If there are 180 units on hand, the cost would be:
- 54 units purchased at $22
- (180 - 54) units purchased at $20
Closing inventory is:
= (54 * 22) + ( (180 - 54) * 20)
= (54 * 22) + ( 126 * 20)
= $3,708