Answer:
Ending inventory cost= $1,494
Explanation:
Giving the following information:
Beginning Inventory: 300 $780
Purchases:
May 10: 400 units for $1,170
June 15: 500 units for $1,260 ($2.52 per unit)
August 28: 300 units for $990 ($3.3 per unit)
The company had 500 units were in its ending inventory at the end of the year.
Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.
Ending inventory cost= 300*3.3 + 200*2.52= $1,494
In the Philip's curve the long run usually refers to the vertical line and the rate of unemployment the short run Philips curve denotes inflation and is in L shaped and the relationships indicates the trade-off between the inflation and the unemployment
Explanation:
This curve in general shows the relationship between the rate of increase in the nominal wages and the rate of unemployment and usually lower the rate of inflation higher will be the wages allotted and it will be the vice versa
There will be a shift in the Philips curve when there is a hike in the oil prices abroad and this will cause the curve to shift leftwards so in the long run it will indicate the unemployment rate and in the short run it will indicate the inflation rate
Answer:
the answer is insurance, jobs, rentals on edgy
When best buy provides a loyal customer with a relevant coupon, based on previous purchases through his or her mobile phone, while the customer is in the store, this is an example of relevancy and exciting the customer.
<h3>Who is a relevancy and exciting the customer?</h3>
A relevancy and exciting the customer can be described as those customers that are well satisfied with the the product of the company or organization and they are ready to give back a good feedback about the product.
Therefore, the customer who is in the store, this is an example of relevancy and exciting the customer.
Learn more on customer at:
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Answer:
Assume a purely competitive, increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will:leave the industry and price and output will both decline. TRUE, ECONOMIC PROFITS INDUCE FIRMS TO ENTER A MARKET, WHILE ECONOMIC LOSSES INDUCE FIRMS TO EXIT A MARKET. IF DEMAND FALLS, ECONOMIC LOSSES WILL RESULT.
When a purely competitive firm is in long-run equilibrium: price equals marginal cost. TRUE, COMPETITIVE FIRMS MAXIMIZE ACCOUNTING PROFITS WHEN MARGINAL REVENUE = MARGINAL COST
A purely competitive firm:cannot earn economic profit in the long run. TRUE, A COMPETITIVE FIRM CAN ONLY MAKE ECONOMIC PROFITS IN THE SHORT RUN, BUT ECONOMIC PROFITS IN THE LONG RUN = $0
A constant-cost industry is one in which:resource prices remain unchanged as output is increased. TRUE, FOR EXAMPLE AN INDUSTRY CAN PRODUCE 10 UNITS AT $10, 20 UNITS AT $20, 1,000 UNITS AT $1,000
An increasing-cost industry is associated with:an upsloping long-run supply curve. TRUE, THE LONG RUN SUPPLY CURVE FOR A PURELY COMPETITIVE INCREASING COST INDUSTRY WILL ALWAYS BE UPSLOPING.
Explanation: