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adelina 88 [10]
3 years ago
13

Buyers and sellers in a competitive market that must accept the price that the market determined.

Business
1 answer:
taurus [48]3 years ago
6 0

Answer:

price takers

Explanation:

The buyers and sellers that just accept the prices are called price takers-

You might be interested in
Jones Retail. had the following balances and transactions during 2017:
Elina [12.6K]

Answer:

B $1,625

Explanation:

The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:

The ending inventory units = Beginning inventory + purchase of inventory - selling units

= 15 units + 35 units - 25 units

= 25 units

So, the cost of ending inventory = ending inventory units × purchase price

= 25 units × $84

= $2,100

And, the market value equal to

= ending inventory units × replacement cost

= 25 units × $65

= $1,625

Based on the lower-of-cost-or-market value, the ending inventory would be $1,625

7 0
3 years ago
Using the Chipotle example we have discussed in class imagine that all employees are paid $15/hour, the grill costs $300, and ea
Lelechka [254]

Answer:

The correct answer will be "$620".

Explanation:

It is important to note that certain principles are involved in the process of streamlining business processes, including:

  • Interpersonal skills of the organizational leaders.
  • Client focus entirely, defined objectives, accuracy, and so on., are encouraged.

The lowest cost will be:

= (15\times 8)+300+200

= 120+300+200

= 620 ($)

5 0
3 years ago
What causes unemployment post-keynesianism?
Harlamova29_29 [7]

Answer:

<u>involuntary employment</u>

<u>Explanation:</u>

The Post-Keynesianism view is that effective demand is the main determinant of economic performance.

Thus, Keynesianism states that in an economy where there is a significant reduction in demand, it will affect the labor market which further leads to lower wages.

For example, an airline that has 100 workers is experiencing a sharp decline in demand (of flight bookings) because of a government lockdown may decide to cut down their staff capacity ad a result. leading to <u>involuntary employment.</u>

4 0
3 years ago
Which resource can you use to view business or suppliers divided into different categories?
bagirrra123 [75]

Answer:

yellow pages

Explanation:

6 0
3 years ago
Financial statement data for years ending December 31 for tango company follow
maxonik [38]

The inventory turnover for Tango company are: 4.8, 5.3.

<h3>Inventory turnover</h3>

Using this formula

Inventory Turnover = Cost Of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)

20Y7

Inventory Turnover =$3,864,000 /($770,000+$840,000)/2

Inventory Turnover=$3,864,000/$805,000

Inventory Turnover=4.8

20Y6

Inventory Turnover = $4,001,500 /($740,000+$770,000)/2

Inventory Turnover= $4,001,500 /$755,000

Inventory Turnover=5.3

Therefore the inventory turnover for Tango company are: 4.8, 5.3.

The complete question is:

Financial statement data for years ending December 31 for tango company follow

20Y7  20Y6

Cost of goods sold $3,864,000  $4,001,500

Inventories:

Beginning  of year 770,000  740,000

End of year  840,000  770,000

Determine the turnover for 20Y7 and 20Y6.

Learn more about inventory turnover here:brainly.com/question/18914383

#SPJ1

8 0
2 years ago
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