Tourism generally doesn't. (excluding garbage)
ECONOMICS FINAL CONNECTIONS UNIT 8.2 answers. Just had mine graded. last four questions are short answers but here is 1-34.
1.D 2.A 3.B 4.A 5.B 6.A 7.C 8.D 9.A 10.B 11.A 12.C 13.B 14.C 15.C 16.A 17.B
18.A 19.C 20.C 21.B 22.C 23.A 24.C 25.B 26.C 27.C 28.A 29.C 30.D 31.D 32.C 33.A 34.C
Answer:
Since the benefits of adopting a just-in-time inventory management system are $333,000, and these benefits are permanent; then we can assume that the company should be willing to pay up to $333,000 for installing the system. This amount varies depending on maintenance expenses or the costs of operating the system.
Explanation:
Answer:
the price of the ticket should be $0.35/ticket
Explanation:
since each ticket in a lottery are equally likely to be chosen, we define the random variable P= gains from the lottery .Then the expected gain is :
E(P) = probability of getting the $5 prize * $5/ticket + probability of getting the $25 prize * $25/ticket + probability of getting the $100 prize * $100/ticket = 250/10000 * $5/ticket + 50/10000 * $25/ticket + 10/10000 * $100/ticket = $0.35/ticket
then if all lottery tickets have the same prize ( the lottery tickets are not segmented according to the prizes, where more expensive ticket is associated with the highest prize), then in order to break even the cost of the ticket should be the same that the revenue we get from it , thus
Cost of the ticket = revenue of the ticket = $0.35/ticket
Answer:
COGS= $310
Explanation:
Giving the following information:
She bought 20 units of inventory at $11, then 26 units at $9, and finally 18 units at $14.
She sold 30 units in 2019.
<u>Under the FIFO (first-in, first-out) valuation method, the cost of goods sold is calculated using the cost of the firsts units incorporated into inventory.</u>
<u></u>
COGS= 20*11 + 10*9
COGS= $310