<u>Solution and Explanation:</u>
a) No, it should not be included as the goods were shipped on 26th March and the terms were FOB shipping, it does not matter that customer receives it on 2 March
.
b) Yes, as the title of goods passes to houghton on 26th March as the terms were FOB shipping hence (450+30) $480 should be included.
c) Yes, $720 should be included in ending inventory as the goods will be shipped on 10th march
.
d) No, as the goods were on consignment
.
e) No, as the terms are FOB destination hence totle of goods passes to Houghton on March 2 hence shouls not be included.
f) Yes, as terms include FOB destination so titke passes to customer on March 2 hence is included at cost of $240.
Answer:
The correct answer is option B
B. False
Explanation:
Under the UCC, if a contract does not designate the place of delivery for the goods, then the goods cannot and be delivered halfway between the seller's and the buyer's place of business. Every detail have to captured in the contract including the place of delivery.
Answer:
B. an economic profit of $6.50
Explanation:
Note: The full question is attached
Price Q TR MR Output TC MC
2.75 3 8.25 - 3 4 -
2.50 4 10 1.75 4 4.5 0.5
2.25 5 11.25 1.25 5 4.75 0.25
2 6 12 0.75 6 5.75 1
1.75 7 12.25 0.25 7 7.75 2
For profit Max MR = MC. MC>MR
At Q = 5, MR = 1.25 & MC = 0.25
Economic profit = TR - TC = 11.25 - 4.75 = $6.5
But at Q = 6, MR = 0.75 MC = 1. Net benefit is negative
Answer:
I would hire 4 workers
Explanation:
Marginal cost is $95 for each case
Now we cale to solve for marginal revenue
1st employee:
(21 - 0) x 6 = 126
2nd employee
(40 - 21) x 6 = 114
3rd employee
(59 - 40) x 6 = 114
4th employee
(75 - 59) x 6 = $96
5th employee
(85 - 75) x 6 = 60
As after the fourth employee the amount of additional duplicated is lower than the employee wages it will not hire more.
Answer:
I think the main reason employers don't want to see a message in essay form either high school or college is that they don't need all the add nformation to the message. No need for big words and thoughts on how you feel about the matter. They want you to get to the point and not go on and on about the subject.
