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Delvig [45]
2 years ago
9

Identify the business environment associated with each of the following factors.

Business
1 answer:
Lady_Fox [76]2 years ago
6 0

Answer:

There are five elements of the Business Environment. They are:

  • Economical Environment
  • Social Environment
  • Political Environment
  • Legal Environment
  • Technological Environment

Each of the 12 factors listed in the question must belong to one category of environment. They are classified as follows:

Explanation:

<em>Economic Environment</em>

  • Inflation
  • Economic Recessions
  • Investment Funds

<em>Social Environment</em>

  • Employees
  • Cultural Factors

<em>Political Environment </em>

  • Management
  • Political Factors
  • Business Structure
  • Entrepreneur
  • Geographical factors

<em>Legal Environment</em>

  • Employees
  • Business Structure

<em>Technological Factors</em>

  • Tools and Equipment
  • Technology applied

Cheers

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High Country Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 6,000 units of pro
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Answer:

$9,000

Explanation:

Calculation for the amount of gross profit that should be recognize

First step is to calculate the

A's sale value = 6,000 unit*12 per unit

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Second Step is to calculate B's sale value

B's sale value = 14,000 units*4 per unit

B's sale value= $56,000

Third step is to calculate the Total sale value

Total sale value = $72,000 + $56,000

Total sale value= $128,000

Fourth Step is to calculate the Cost of goods sold of A for 6,000 units and 2,000 units

Cost of goods sold of A for 6,000 units = ($72,000/$128,000) * $80,000

Cost of goods sold of A for 6,000 units = 0.5625*$80,000

Cost of goods sold of A for 6,000 units= $45,000

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Gross profit of A for 2,000 units = (2,000*12 per units) - 15,000

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