I think it would be chief executives (CEO).
Capital for a month on a balance sheet:
The net working capital formula is calculated by subtracting the current liabilities from the current assets. Here is what the basic equation looks like. Typical current assets that are included in the net working capital calculation are cash, accounts receivable, inventory, and short-term investments.
Answer:
The estimated Inventory is $376,000.00, which is equal to the difference between cost of goods available for sale and cost of goods sold.
Explanation:
The cost of goods available for sale is made of Beginning Inventory $538,000 and Net Purchases $410,000 (418,000 Purchase - 8,000 Purchase Returns).
The cost of goods sold is 100% of Sales of $714,000, using a markup on cost of 25%. This implies that Sales represent 100+25%, = 125%.
Cost of goods sold is therefore $714,000/125 x 100, which is equal to $571,200.
A summary of Trading Account is attached to illustrate the above workings.
Answer:
B) the additional positive value that a person receives from consuming one more unit of a good or service
Explanation:
A benefit is an advantage or gains to someone. In economics, the term marginal refers to an extra unit or one more unit.
Marginal benefit is the additional gain associated with consuming one more unit of a product or service. In this context, the term marginal benefit is used interchangeably with marginal utility. In practice consuming the first unit provides the highest benefit. Continuous consumption result in reduced benefits. In other words, marginal benefits decline with additional consumption.
Answer:
Consumer surplus increases by $2
Explanation:
The consumer surplus can be defined as the benefit that consumers gain when they pay less for a good that they are willing to pay more for.
a). Determine the final demand as follows;
Price elasticity of demand=% change in price/% change in demand
where;
price elasticity of demand=-1
% change in price={(Final price-initial price)/initial price}×100
Final price=$24
initial price=$25
% change in price=(24-25)/25=(1/25)×100=-4%
% change in demand=x
replacing in the original expression;
-1=-4/x
x=4%
% change in quantity={final quantity-initial quantity/initial quantity}×100
let final quantity=y
4%={(y-100)/100}×100
0.04=(y-100)/100
4=y-100
y=4+100=104
final quantity=104 units
Consumer surplus=(1/2)×change in price×change in quantity
where;
change in price=25-24=1
change in quantity=104-100=4
Consumer surplus=(1/2)×1×4=2
Consumer surplus increases by $2
