Answer:
The correct answer is B
Explanation:
Retail
= Beginnning inventory and purchases + Net Markups
= $555,000 + $45,000
= $600,000
Goods available for sale = $600,000 - Net Markdowns
= $600,000 - $35,000
= $565,000
Estimated ending inventory at Retail = Goods available for sale - Net Sales
= $565,000 - $510,000
= $55,000
Cost
Beginnning inventory and purchases = $324,000
Estimated ending inventory at Cost = Estimated ending inventory at Retail × 54%
= $55,000 × 54%
= $29,700
Estimated Cost of goods sold = Beginnning inventory and purchases - Estimated ending inventory at Cost
= $324,000 - $29,700
= $294,300
Working Note:
Cost to Retail percentage = Cost / Retail
= $324,000 / $600,000
= 54%
electronic. Maybe I'm not a hundred percent sure.
Answer:
the false statement and the correct answer is c. There is little innovation in the category.
Explanation:
As one of the highest growing sectors in fast moving consumer products sector, there is alot of innovation in the soup industry. specialy, the ready-made soup are now increasing.
moreover, in terms of flavors, tastes and the convenience, there is alot of innovations going on. to make it faster to make and takes less time to prepare the soup.
Also, the packaging and marketing strategies and innovations are changing as well.
A firm could continue to operate for
years without ever earning a profit as long as it is producing an output where
<span> B. MR
>AVC</span>
<span>MR stands
for marginal revenue which is the sale price of a single item sold. On the
other hand, AVC or the average variable cost is the firm’s variable costs
divided by its output that is produced.</span>
