Answer:$5600
Explanation:
The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.
If 800 units are sold, the inventory sold would be calculated as:
$6 × 400 = $2,400
$8 × 400 = $3200
=$5,600
Answer:
D
Explanation:
All tips income is taxable
Answer:
The correct answer is economic growth.
Explanation:
A production possibility curve or frontier shows the different combinations or bundles of two goods that can be produced using limited resources. The curve is concave because of increasing opportunity cost.
An outward shift in the production possibility curve shows an increase in the level of production. This can happen because of two reasons
,
- Increase in the quantity of resources available
, and
- Improvement in technology
Both of these factors will help in increasing the level of production. In other words, we can say that the outward shift in the production possibility curve shows economic growth.
Answer:
The economy of Cuba is a largely planned economy dominated by state-run enterprises.The country's economy had grown rapidly in the early part of the century, However, from 1996, the State started to impose income taxes on self-employed Cubans.
Explanation:
Answer:
mining
Explanation:
Based on the information provided within the question it can be said that the industry that managed to accomplish this was the mining industry. This industry was the main push on bringing the west into the global economy, as the west mined precious metals such as gold which since there is only a fixed amount it is considered a very valuable commodity which would give those who had it a large capital. Also in order to mine the gold and other precious metals the companies needed a large number or laborers.
