ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.
Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.
Since the government aimed to make westward migration more appealing to immigrants, "A poor family that coveted property" was primarily those who benefited.
Due to their inability to purchase a farm at an affordable price, many ended up squatting on public property without a valid title. The Harrison's Land Act of 1800 decreased the minimum purchase size from 640 acres to 320 acres and added a credit provision. A quarter of the total cost had to be paid up front, and the remaining amount had to be paid over the course of four years with an extra year added on for late payments.
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Answer:
4.89%
Explanation:
Real rate of return = 3.37%
Inflation rate = 1.47%
The nominal rate of return is computed as shown below:
= [ (1 + real rate of return) x (1 + inflation rate) ] - 1
= [ (1 + 0.0337) x (1 + 0.0147) ] - 1
= (1.0337 * 1.0147) - 1
= 1.04889539 - 1
= 0.04889539
= 4.889539%
= 4.89% approx.
Transnational
Strategy
Venture to
achieve low-cost, mark up products across markets and to foster a flow of
skills between different subsidiaries. High cost pressures, high local
responsiveness pressures. Actually there are a four kinds of strategy; Global Standardization Strategy, Transnational Strategy,
International Strategy, Localization Strategy.
The benefit enjoyed by a third party that is not directly involved in the production or consumption of a good or service is called externality.
What does the term externality mean?
Externalities are situations when the production or consumption of products and services has an impact on other people that results in costs or advantages that are not accounted for in the pricing charged for the goods and services being offered.
What impact do externalities have on the economy?
When people, households, and businesses fail to internalise the indirect costs or advantages of their economic interactions, externalities pose serious issues for economic policy. Inefficient market outcomes are the result of the resulting wedges between social and private costs or profits.
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