Answer:
fall
rise
Explanation:
If the cost of resource x falls, it becomes cheaper to produce good y. This leads to an increase in supply of y. the supply curve of good y shifts out. As a result, equilibrium price falls and quantity rises
Answer:
Given that
July 1 = 1 unit purchased at $30
July 10 = 1 unit purchased at $33
July 24 = 1 unit purchased at $36
Total cost = $99
Average cost per unit = $33
Assuming sales of 1 unit on July 28 at $47
A. FIFO
gross profit = revenue - cost
= 47 - 30
= $17
Cost of goods = $30
Ending inventory = 99 - 30
= $69
B. LIFO
gross profit = revenue - cost
= 47 - 36
= $11
Cost of goods = $36
Ending inventory = total cost - cost of goods sold
= 99 - 36
= $63
C. Average
Gross profit = revenue - cost
= 47 - 33
= $14
Cost of goods = $33
Ending inventory = 99 - 33
= $66
Answer:
EPS = $3.17
Explanation:
<em>Earnings per share(EPS) is the total earnings attributable to ordinary shareholders divided by the number of units of common stock.
</em>
EPS= Earnings attributable to ordinary shareholders/number of ordinary shares
Earnings attributable to ordinary shareholders= Net income after tax - preference dividend
Earnings attributable to ordinary shareholders = net income - preference divi
dend
Earnings = 33,480 - 4000 = 29,480
EPS = 29,480/9,300 =3.169
EPS = $3.17
Answer:
consumers would find it cheaper to buy gasoline
Explanation:
In the short run a tax cut or tax suspension as we have In this question is able to increase demand because it increases peoples disposable income. This tax cut of $0.4 would remove burden on gasoline consumers. By removing the tax on gasoline the price of gasoline would become lower and consumers would find it easier and cheaper to purchase