Answer:
A. $650 $750 $677
Explanation:
period purchases sales
1 20 units at $50 15 units at $60
2 35 units at $40 35 units at $45
3 85 units at $30 85 units at $35
total revenue = $900 + $1,575 + $2,975 = $5,450
COGS:
- using FIFO = (15 x $50) + (5 x $50) + (30 x $40) + (5 x $40) + (80 x $30) = $4,800
- using LIFO = (15 x $50) + (35 x $40) + (85 x $30) = $4,700
- cost average = ($4,950 / 140 units) x 135 units = $4,773.21
Gross profit:
- using LIFO = $5,450 - $4,800 = $650
- using FIFO = $5,450 - $4,700 = $750
- using cost average = $5,450 - $4,773.21 = $676.79 ≈ $677
<span>The financial crisis in Greece is described as
depression rather than recession is because the Greece’s economy had taken a
severe and sustained economic downturn. Greece’s economy has been marked by a
substantial and sustained shortfall of the ability to purchase goods relative
to the amount that could be produced. Depression is a more severe form of recession.
Recession lasts a few months, while depression lasts longer. </span>
Answer:
c. outsourcing
Explanation:
Outsourcing -
It refers to the process of hiring another company , which is responsible for some external project or task , is referred to as outsourcing .
It can be a short term process of hiring , it may also require transferring the employees to another firm internally .
Hence , from the given scenario of the question ,
Hiring the packaging firm by another company , showcases the method of outsourcing .
