Answer:
E) output
Explanation:
The farmer's corn and pumpkins, profits, and losses are considered output.
In economy output represents the amount of goods or services produced by a business during a certain period of time. The goods can either be sold of held in inventory for a later sale (services cannot be stocked).
The farmer produces and sells pumpkins and corn, and depending on the sales price, the output volume and his costs, he will either make a profit or have a loss.
Answer:
COGS= $81,770
Explanation:
Giving the following information:
Beginning inventory= 477 units that cost $65 each.
Purchases:
715 units at $68 each
364 units at $70 each.
Units sold= 1,197
<u>To calculate the cost of goods sold under the LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>
COGS= 364*70 + 715*68 + 118*65
COGS= $81,770
Answer: $583,333
Explanation:
Compensation expense for 2021 = Total compensation / Vesting period
Total compensation:
Assuming the goal given is probable, the total compensation is:
= Number of shares * fair value
= 250,000 * 7
= $1,750,000
Vesting period = number of years goal is to be in effect = 3 years
Compensation expense 2021 = 1,750,000 / 3
= $583,333
Answer:
The correct answer is option d.
Explanation:
A normal good can be defined as a good that shows positive income elasticity of demand. In other words, an increase in the income level of the consumer causes the demand to increase and vice versa.
If an economist expects the demand for bicycles to increase with the increase in the consumer incomes it indicates that bicycles are assumed to be normal goods.
Normal goods are contrasted to inferior goods that show negative income elasticity of demand.
<span>High-tech and tourism industries have provided new jobs in Wales in recent years.</span>
