Answer:
$86.40
Explanation:
Businesses increase and reduce prices based on prevailing market conditions. If the price of a good has appreciated in the open marketbthen businesses tend to also increase their price.
When there is need to attract more customers or there is promotion of a product a discount (price reduction) can be used.
The price of the pair of sneakers increased in January, that is 100+20= 120% of the original price.
Price after increase= 1.2* 80= $96
Afterwards an employee bought the sneakers at a 10% discount that is 100-10= 90% of original price
Price after discount= 0.9* 96= $86.40
Answer:
$544
Explanation:
LIFO means last in first out. It means it's the last purchased inventory that is the first to be sold.
The cost of the 250 units sold would be first deducted from the inventory purchased on the 25th
= 100 × 2.34 = $234
That leaves 250 - 100 = 150 units.
The cost of goods sold would be next allotted to the inventory purchased on the 9th
= 50 × 2.20 = $110
This leaves 150 - 50 = 100
The cost of the 100 would be alloted to the beginning inventory
100 × $2 = $200
Total cost of goods sold = $200 + $110 + $234 = $544
I hope my answer helps you
Answer:
$4,235,500
Explanation:
An intangible asset can be described as an asset that can not be seen physically. That is, it an asset without physical substance. Examples of tangible assets are brand recognition and goodwill, as well as intellectual properties like trademarks, copyrights, and patents.
Based on the definition above, the total intangible assets from the question can be computed as follows:
Total intangible assets = Trademarks + Goodwill = $1,305,500 + 2,930,000 = $4,235,500
Answer:
The correct answer is option b.
Explanation:
The price elasticity of supply shows the impact of change in price level on the quantity demanded of the good.
It is calculated by the ratio of percentage change in quantity supplied to percentage change in price level.
The percentage change in price level is= 15%
The percentage change in quantity supplied is= 20%
The price elasticity of supply will be
=% change in quantity/% change in price
=20%/15%
=1.33
Since, the elasticity is higher than 1 it means supply is elastic.
So, option b is the correct answer here.
Answer:
(B) False
Explanation:
In the circular flow, the raw material that is basic resource provider gets to increase his income which means that his profit margin is high thus sales value is high and therefore, the result will be higher cost for the producers using such resources.
Since the cost to producers is revenue to resource owner's, this means high revenue to owner's and high cost to producers.
Thus, above stated statement is
(B) False
