Answer:
COGS= $16,732.5
Explanation:
Giving the following information:
Mar. 1 Beginning Inventory 1,000 $7.20
Mar. 10 Purchase 600 7.25
Mar. 16 Purchase 800 7.30
Mar. 23 Purchase 600 7.35
Marvin sold 2,300 units of inventory during the month.
<u>First, we need to calculate the weighted average price per unit:</u>
Weighted-average cost per unit= (7.2 + 7.25 + 7.3 + 7.35) / 4
Weighted-average cost per unit= $7.275
<u>Now, the cost of goods sold:</u>
COGS= 7.275*2,300
COGS= $16,732.5
Answer: b. Core competencies
Explanation: A company's core competencies are the characteristics of the company that makes them stand out from competition. In other words, they are combination of multiple resources, knowledge, expertise and skills that differentiates them in the marketplace thereby forming a basis for competitiveness.
To be classified as a core competency, the activity must provide superior value or benefits to the end-user, should be difficult to replicate or imitate by a competitor and sometimes rare.
Answer: B. provides more social benefits than it derives in private benefits.
Explanation:
Raven farms in this instance is deriving less private benefits than it gives social benefits.
Private benefits are those benefits that the producer gains as a result of their actions.
Social benefits on the other hand are the benefits gained by the producer as well as the benefits to society as well.
Raven's private benefits are the revenue it accrues from it's skin healing cream and yet those same bees still providing a societal service of pollinating Oakcreek Apple Orchard Apple. That shows that they are giving more social benefits than they are receiving.
The sale for more than the original cost basis before depreciation of machinery is used in trade or business is Section 1245 and Section 1231.
A business is described as an organization or enterprising entity engaged in commercial, commercial, or professional activities. groups can be for-earnings entities or non-profit companies. Enterprise sorts range from confined liability groups to sole proprietorships, organizations, and partnerships.
A business case describes the purpose, or reason, that an enterprise became to start with the base. It describes what makes an enterprise-specific, in addition to what the commercial enterprise plans to do. A business case isn't a venture or price statement and is plenty shorter than both.
The definition of business is an occupation or change and the purchase and sale of services or products to make a profit. An instance of commercial enterprise is farming. An instance of business is a house sale.
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Answer:
None of the options is correct.
Explanation:
In a perfectly competitive market a company will shut down in the short run if its product's price is less than the variable cost (total revenue is less than total variable costs).
Since all the companies are price takers in a perfectly competitive market, then the company cannot increase their prices, so they will temporarily shut down until the equilibrium price increases above its variable cost.
