Si para cierta cantidad de un bien su demanda es elástica el ingreso total será creciente

What are the four factors of prodution

Dominik [7]

I don’t remember that question

5 0

3 years ago

Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average

Flauer [41]

Answer:

Cost of Sales :

FIFO = $ 6,030

LIFO = $6,840

Weighted Average = $6,354.60

Ending Inventory :

FIFO = $4,176

LIFO = $3,150

Weighted Average = $3,636.60

Explanation:

FIFO

This method assumes that the first inventory purchased will be the first to be sold

Cost of Goods Sold :

90 units × $11 = $990

150 units × $15 = $2,250

30 units × $18 = $540

Total = $ 6,030

Ending Inventory :

232 units × $18 = $4,176

LIFO

This method assumes that the last inventory purchased, will be the last to be sold

Cost of Sales :

240 units × $15 = $3,600

180 units × $18 = $3,240

Total = $6,840

Ending Inventory :

90 units × $11 = $ 990

60 units × $15 = $ 900

70 units × $18 = $ 1,260

Total = $3,150

Weighted Average

A new average cost per unit is calculated with every purchase made.

New Average Cost = (90 units × $11 + 300 units × $15) ÷ 390 units

= $14.08

Cost of Sale , April 4 = 240 units × $14.08

= $3,379.20

New Average Cost = (150 units × $14.08 + 250 units × $18.00) ÷ 400 units

= $16.53

Cost of Sale, Aug 16 = 180 units × $16.53

= $2,975.40

Total Cost of Sales = $3,379.20 + $2,975.40

= $6,354.60

Ending Inventory = 220 units × $16.53

= $3,636.60

8 0

3 years ago

Does break even point shows how profitable a company is???

steposvetlana [31]

Answer:

The break even point of a company shows how much of your goods or services you need to sell in order to cover all of your costs. It will then give you an idea of how much you need to sell in order to become profitable.

Explanation:

6 0

3 years ago

Highlight four ways in which business risk may be classified

bulgar [2K]

Answer:

Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Explanation:

5 0

3 years ago

Zoning regulations often prevent a landowner from doing whatever she wants with her property. Some people believe that such zoni

Afina-wow [57]

Answer:

The correct answer is takings.

Explanation:

The principles set forth in the Fifth Amendment to the United States Constitution are fundamental to anyone accused of committing a crime. Although there are several provisions of this amendment, the elements that protect a person accused of committing a crime are four: the right against forced self-incrimination; the right to a grand jury; the right not to be tried twice for the same crime (exception of res judicata) and the right to due process.

5 0

3 years ago