Answer:
$6,500
Explanation:
First In First out (FiFO) is an Inventory method which determines the inventory value and it requires that the unit purchased first will be sold first.
Units Cost Value Balance
Beginning Inventory 3,700 $5 $18,500 $18,500
February
Purchases 5,700 $4 $22,800 $41,300
March
Purchases 2,700 $6 $16,200 $57,500
Sale -1,300 $5 ($6,500) $51,000
Cost of Goods sold is the cost of sold units on the basis of FIFO inventory costing method.
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Answer: Option B
Explanation: In simple words, perfect competition refers to a market structure in which there are large numbers of buyers and sellers each operating at a minor level in the market. Due to high number of participants and low level of operations no firm can individually affect the price.
In such a structure the prices are determined by the market forces of demand and supply.
Hence the correct option is B .
Answer:
considering the economy is stable it will expand the economy
Explanation:
The multiplier effect of the 100 public spending will be partially negate by the negative multiplier of the taxes.
100 x 1 /(1-0.7)
-100 x 0.7/(1-0.7)
100/0.3 - 70/0.3 = 30/0.3
The income will increase for 100
a portion of this increase will go abroad because is an open economy and the effect will be lower than 100 but the economy will expand.
Answer:
<em>C. defensive strategy </em>
Explanation:
<em><u>Defensive strategy</u></em><em> </em><em> is been represented by the effort of Sal's reduction</em>.
Basically in defensive strategy, the consumers and the customers are been hold-back by the companies and organisations. In this when competition increases the companies try to pull back their old customers from their competitors company.
In the scenario which is been represented in the question the Sal's company indulge's in the action that is known as defensive strategy.
