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3 years ago

If the cost of goods sold is more than the cost of goods manufactured, then

Business

1 answer:

ivann1987 [24]3 years ago

8 0

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

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Susan, a district manager for a large retail chain, is comparing the goals of her stores with recent sales. She knows that two s

vfiekz [6]

Answer: True, this process is the controlling of managerial function

Explanation: Being manager of a large retail chain, means she has a lot of work to do. It requires her as a manager to set goals and make sure they are achieved. When she noticed the underperforming in two stores, she sets a meeting with the manager so as to come up with a corrective action to the underperforming stores. By her doing that, she has done controlling of managerial function.

8 0

3 years ago

Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded

saul85 [17]

a. When the demand increases by 12 units, the equilibrium price rises to $6.2093 and the equilibrium quantity rises to 67.7442 units.

b. The price elasticity of supply (PES) at equilibrium is 0.20. Since the price elasticity is less than 1, we conclude that supply is inelastic.

From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

If the demand increases by 12 units at each point of price decline, the demand equation will be :

$Qd = 105 - 6P$

and the supply equation will be:

$Qs = 51.6 + 2.6P$

Since Quantity demanded and supplied are equal at equilibrium, we can equate the demand and supply equations and solve for price (P). Equating the two equations above, we get,

$105-6P = 51.6 +2.6P$

$53.4 = 8.6P$

P = $6.2093

Substituting the value of P in the demand equation, we get,

$Qd = 105 - (6*6.2093)$

$Qd = 105 - 6P$

$Qd = 67.7442$ units

b. Calculation of Price Elasticity of supply at equilibrium level.

P₀ = $4

Q₀ = 61

P₁ = $6.2093

Q₁ = 67.7442

$% change in quantity = [ (Q_1 - Q_0) / Q_0 ] * 100$

% change in quantity = 11.05607%

$% change in price = [ (P_1 - P_0) / P_0 ] * 100$

% change in price = 55.2325%

Price Elasticity of Supply (PES):

$PES = % change in quantity / % change in price$

PES = 11.05607% / 55.2325%

PES = 0.20

8 0

3 years ago

What happens to your tax liability with proper financial planning?

Ilya [14]

Answer:

Minimize is the correct answer for plato users

Explanation:

3 0

3 years ago

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Several south asian countries have experienced a shortfall in ________ births. in addition, a ________ of the children in chines

Andre45 [30]

Do u still need the answer

6 0

3 years ago

Ozone (O3) is a gas in the earth's atmosphere. How do you know that ozone is covalently bonded and not ionically bonded?

garik1379 [7]

Answer:

The answer is below

Explanation:

A covalent bond is a type of chemical bond that occurs as a result of the sharing of electron pairs between atoms. Covalent bonds are usually formed between non metallic atoms with similar electronegativity. St room temperature, covalent bond exist as either a liquid or a gas. Example of covalent bonds are ozone (O3), water (H2O) etc.

Ozone is said to be covalent bonded because their is a sharing of electrons among the covalent atoms.

5 0

2 years ago