Answer: D. flat, because firms are reluctant to give their current workers raises when output is so low
Explanation:
When low levels of output are being produced, the supply curve will be flatter to show that goods are not too highly priced. This is because the goods are not costing as much to make because producers are unwilling to increase the wages of their current workers with such low output. Labor costs will therefore be kept below a certain level which will keep prices low.
<span>Sale Proceeds of Mutual Funds = 100 Shares * $12.03 = $1203
Add: Dividend Earned on shares = 100 Shares * $0.75= $75
Less: Purchase cost of shares = 100 Shares * $10 = $1000
Less: Exit fees = $1203*5.5% = $66.17
Net Income from Investment = $211.83
Earning in %= $211.83 / $1000 = 21.18%</span>
Answer: Straight line method of depreciation
Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.
This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.
Answer:
Given that
July 1 = 1 unit purchased at $30
July 10 = 1 unit purchased at $33
July 24 = 1 unit purchased at $36
Total cost = $99
Average cost per unit = $33
Assuming sales of 1 unit on July 28 at $47
A. FIFO
gross profit = revenue - cost
= 47 - 30
= $17
Cost of goods = $30
Ending inventory = 99 - 30
= $69
B. LIFO
gross profit = revenue - cost
= 47 - 36
= $11
Cost of goods = $36
Ending inventory = total cost - cost of goods sold
= 99 - 36
= $63
C. Average
Gross profit = revenue - cost
= 47 - 33
= $14
Cost of goods = $33
Ending inventory = 99 - 33
= $66