Answer:
D. $144
Explanation:
With this method the last merchandise entered is the first to come out of existence.
At the time of the sale of May 20, the situation was as follows.
5/3 Purchase 5 units $20
5/10 Sale 3 Units
5/17 Purchase 10 units $24
5/20 Sale 6
The cost of selling these 6 units corresponds entirely to the cost of the purchase of May 17.<em> It does not matter that there</em> are still 2 unsold units of the previous purchase in the warehouse since we are using the LIFO method. So 6 units x $24 = $144
Answer:
Consider the following calculations
Explanation:
(1) Elasticity of demand = % Decrease in quantity demanded / % Increase in price
0.5 = % Decrease in quantity demanded / 10%
% Decrease in quantity demanded = 10% x 0.5 = 5%
New price = $100 x 1.1 = $110
New quantity = 100 x 0.95 = 95
New revenue = $110 x 95 = $10,450
(2) If elasticity of demand is 2, which is higher than 1, it signifies that demand is elastic. With elastic demand, total revenue will increase if price is decreased, so I should lower price.
Answer:
the correct answer is
A) The company's in-house designers have a knack for identifying and popularizing fashion trends.
good luck
Answer:
c. To focus on establishing a brand name
Explanation:
Specialty products are products that people want to buy because they are unique and are from a certain brand they prefer. According to this, the answer is that in this case, the objective of the manufacturers of Caroline Perfumes would be to focus on establishing a brand name because that would create customers' loyalty and they would be willing to make an effort to buy the product.