Answer:
Option (b) $74,100
Explanation:
Data provided in the question:
Sales revenue = $184,000
Ending inventory = $11,600
Beginning inventory = $17,200
Purchases = $60,400
Purchase discounts = $3,000
Purchase returns and allowances = $1,100
Freight-in = $600
Freight-out = $900
Now,
Cost of goods available for sale
= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances
= $17,200 + $60,400 + $600 - $3,000 - $1,100
= $74,100
Hence,
Option (b) $74,100
Answer:
adult; inelastic.
Explanation:
Data provided in the question
Increase wage rate percentage is 10%
And, the given supply percentage is 7%
As there is no information given in the question related to the teenager and adult so we assume that the data is given for adult
Since the wage rate is increase by 10% which reflects the adults worker and due to which the supply is 7% more labor. So the elasticity of labor supply is inelastic as the supply is less than the wage rate so it cannot be perfectly elastic
Calculate ever single number then subtract and find the lcf
