Answer:
$165,670
Explanation:
Cost of goods sold = Sales revenue (1 - Gross profit)
= $669,900 × (1 - 0.30)
= $669,900 × 0.70
= $468,930
Estimated ending inventory destroyed in fire:
= Beginning inventory + Purchase - cost of goods sold
= $160,600 + $474,000 - $468,930
= $165,670
Answer:
Make; $72,000
Working:
Make ($106*8000) 848,000
Buy [($120*8000 - 40,000)] 920,000
Make increases profits by 72,000
The answer is letter C. There is a recession. It is a temporary economic decline when trade and business activities are lessened which leads to the GDP of the country to reduce in numbers. If the decline would last for at least 6 months, this will cause a major impact on the real GDP,
Answer:
a) The marginal benefit is greater than the marginal cost of additional units.
Explanation:
Cost-benefit analysis is the systematic process of wieghing various transactions based on comparism between their benefit and cost.
The rational storage business owner should compare the cost of building another section of storage units to the benefit from 100 renters.
If the additional cost is justified by the benefit then he can go ahead with the construction.
Answer: excess supply of money that will result in an increase in spending
Explanation:
The money market refers to the total amount of money that's in circulation in an economy at a particular time.
If the money supply increases, this implies that there'll be more money available for the people in the economy to spend. This ultimately leads to the increase in the demand for goods and services in an economy.
Therefore, the correct option will be "excess supply of money that will result in an increase in spending".
