Answer:
d. Applying a blanket gross profit rate to merchandise that have wide varying rates of gross profit
Explanation:
To know what problem could arise fro mthis method, we must understand the method:
ending inventory = cost available for sales - sales x (1- gross profit)
being cost available for sales = beginning invnetory + purchases
a) if a portion of inventory is destroyed, then we subtract it from the cost available for sales and we should be okay.
b) the amount of purchase is being considered so it will not produce a distorsion
c) then beginning invnetory equals to zero in the formula of cost availalbe and we are also okay
d) here is the problem, if there is a wide array of gross profit we could do an average but it will lead to distorsion if the sales are not in the expected weight.
D I think I'm only in year 7 haha
Answer:
Inelastic
Explanation:
Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.
PED = 37% / -25% = -1.48 inelastic
If PED > 1, elastic demand
If PED < 1, inelastic demand
If PED = 1, unitary demand
Answer: a. both finished products and intermediate goods
Explanation:
Both finished goods and intermediate goods can either be imported or exported. If a company that is selling goods at the merchandising level sources the goods from outside, they would be importing a finished good and the company that sent it to them would be exporting same.
Sometimes however, producers would import an intermediate good to help them finish production or to even develop the good further for instance Apple buying screens for phones from Korea. Apple would be importing a intermediate good in this scenario and Korea would be exporting it.
Answer:
allow investors to get rid of the risks they do not want and keep the ones they do want
Explanation:
In the option, it permit the investor to get rid of the risk as they dont want also it keeps that one which they want
The other options are to be considered incorrect as in the second option, it is used for the speculation also, the third option is wrong as the holders of the options have the right but not the obligation, and the last option is incorrect as it is used for bet in the case when the price is decline or increase
Therefore the first option is correct