Answer:
$21,770
Explanation:
The computation of cost of goods sold is shown below:-
= (1,950 × $22) + (2,200 × $21) + (1,050 × $23)
= $42,900 + $46,200 + $24,150
= $113,250
Total number of units for sale = 1,950 + 2,200 + 1,050
= $5,200
Weighted average cost per unit = Cost of units available for sale ÷ Number of units available for sale
= $113,250 ÷ $5,200
= $21.77
Cost of goods sold = Sold units × Weighted average cost per unit
= 1,000 × $21.77
= $21,770
If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is greater than the percentage change in price, and total revenue falls.
Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.
The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P
Q, or the purchase price times the quantity of the products sold.
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Answer: av technology and film
explanation: he works with film
Answer:
Does Jack have a negotiable instrument and can he collect from Molly? Why or why not?
- Jack does not have a valid negotiable instrument and cannot collect from Molly because the book was not "correct" since it was no longer used in the business law class. Molly should return incorrect book to Pat though. In this contract, neither party performed.
How about Richard?
- Tim's oral agreement with Molly is valid since the amount is only $40 and Tim can assign it to Richard, but the assignment must be written. Without a written assignment of the debt, Richard cannot collect any money.
And Sam?
- Sam does have written agreement that can be legally enforceable. Although the costs and time of enforcing the contract are probably higher than the DVD (consideration).
Answer: 91.67
Explanation:
Consumer Price Index₂₀₀₂ = ( Basket Price in Year of interest₂₀₀₂ / Basket Price in Base year₂₀₀₉) * 100
Basket Price in 2002 = (10 * 0.6) + (5 * 1)
= $11
Basket Price in 2009 = (5 * 1) + (10 * 0.7)
= $12
Consumer Price index = 11/12 * 100
= 91.67