Answer:
$66,700
b. LIFO = $70800
67807.81
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
(8130 x 8) + [(9090 - 8130) x 6) = 70800
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
(3010 x 6) + [(9090 - 3010) x $8] = 66,700
Average cost = [(3010 x 6) + (8130 x 8)] /
18060
48640
b 65040
5760
Answer: B - ROI percentages
Explanation:
edge 2020
Answer: it is a focus group
Explanation: because it is more than one person and more than two
The correct answer is delivery gap. This is the gap between what the customer knows and wants and what you're providing him. If you train your employees well, then the gap will be lower meaning that the customers won't mess things up and will use what they're buying properly. This not only often saves the customer if something complicated and dangerous is used, but it also prevents you from being sued if something malfunctions due to human error.
Answer:
a. "The different brands are almost identical so I always buy the cheapest."
Explanation:
The statement that best represents a situation where demand for a particular brand would be very elastic is when there are different brands that are almost identical so consumers always buy the cheapest.
Elastic demand is when price have a big effect on the quantity consumers want to buy. It holds that the quantity purchased has an inverse relationship with price. When prices rise, people buy less.
Hence, an increase in price of a product will lead to a fall in its quantity demanded as consumers will switch to buying other available identical products.
