Answer:
Shift the gasoline supply curve to the right.
Explanation:
in economy , A shift to the right in supply curves indicates that the supply of the product increased, a shift to the left indicates that the supply of the product decreased.
When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased. This encouraged them to supply more of that product in the market.
Answer:
FV= $94,108.42
Explanation:
<u>First, we need to calculate the future value of the 12 annual deposits:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.06^12) - 1]} / 0.06
FV= $59,044.79
<u>Now, the future value at the end of the 20 years (8 years more):</u>
FV= PV*(1 + i)^n
FV= 59,044.79*(1.06^8)
FV= $94,108.42
Answer:
a. <u>user</u>; <u>original equipment manufacturer(OEM)</u>
Explanation:
Business markets refer to purchase and sale of products by businesses with one another. For example, output for one business might be used as an input for another.
A business would be termed as a user when it purchases goods from another business, wherein such goods are not directly used in the manufacturing or creation of it's products.
Original Equipment manufacturer refers to a business which buys certain products and subsequently incorporates them in an altogether newer product within it's brand name.
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Explanation:
hope I help
Answer:
NU company.
The reason LIFO and FIFO present 2 different valuation of inventory is because of the way inventory is expensed in either methods.
LIFO stands for Last in First out. Meaning the last stock to be received should be the first to be issued to production.
If it thus shows that our costs of inventory has been increasing over the period, the inventory expensed to cost of sales will be high while the inventory balance in the balance sheet low. And the reverse if the costs of new inventory purchases have been declining.
FIFO stands for First in First out. Meaning the first inventories receives must be exhausted before we move to the receipt after that, and on and on.
If it thus shows that our costs of inventory has been increasing over the period, the inventory expensed to cost of sales will be low while the inventory balance in the balance sheet high. And the reverse if the costs of new inventory purchases have been declining
Nu company Gross Profit
Net sales $2,950
Less costs of sales:
Cost of goods available for sale 2,350
Less inventory closing 920
Costs of sales 1,430
Gross profit $1,520
Gross Profit % = $1,520 / $2,950
= 52% (c)
