The company should sell product xy as it is
and should not process it further.
Given:
Original
Incurred cost of $5,000
No. of units is 6,400
Price per unit is $33
Processed product
No. of units is 6,400
Costs for further processing is $8/unit
New price per unit is $39
First, know the total costs
Original: $5,000
Processed: 6,400 x $8 = $51,200
Next, find the sales revenue for the original
and processed product
Original: $33 x 6,400 = $211,200
Processed: $39 x 6,400 = $249,600
Then, get the net profit for the original and
processed product
Original: $211,200 - $5,000 = $206,200
Processed: $249,600 - $51,200 = $198,400
With the data provided, you can find out that
the net profit is higher on the original/unprocessed product compared to the
processed product even if the selling price and revenue is much higher.
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When a government's expenditures on goods, services, or transfer payments exceed their tax revenue, the government has run a budget deficit. Governments borrow money to pay for budget deficits.
<h3>What is budget deficit ?</h3>
An overrun in spending over income results in a budget deficit, which can be a sign of a nation's financial stability. The phrase is frequently used to describe government spending rather than that of companies or people.
An annual financial statement of the government's proposed revenues and expenditures is known as a budget. The overall gap between government revenues and expenditures is known as the government budget balance, also known as the general government balance, public budget balance, or public fiscal balance.
A government budget deficit is denoted by a negative balance, and a surplus is denoted by a positive balance. For each level of government, a budget is created that accounts for public social security commitments.
The primary balance and interest payments on the total amount of accumulated government debt make up the government budget balance; the two together determine the budget balance.
To learn more about budget deficit refer :
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Answer:
a. $26,400
b. $20,520
c. $24,140.64
Explanation:
a. The computation of inventory cost by the first-in, first-out method is shown below:-
Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase
= 48 × $550
= $26,400
b. The computation of inventory cost by the last-in, first-out method is shown below:-
Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit
= (26 × $400) + (48 - 26) × $460
= $10,400 + $10,120
= $20,520
c. The computation of inventory cost by the average cost method is shown below:-
Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)
= $10,400 + $26,220 + $33,480 + $33,000
= $103,100
Per unit cost = Inventory cost ÷ Total number of units
= $103,100 ÷ (26 + 57 + 62 + 60)
= $103,100 ÷ 205
= $502.93
Inventory cost under average cost method = Per unit cost × Number of units
= 48 × $502.93
= $24,140.64
Therefore we have applied the formulas.
Answer: Option c
Explanation: Elasticity is an economic term that describes a transition in consumer and vendor actions in response to a price change for a commodity. How the market for the commodity responds to a price change dictates the elasticity or in-elasticity of the demand for that product.
An inelastic commodity is the one that even after a price change, buyers continue to buy. A good or service's elasticity may change depending on the number of close alternatives accessible, its overall cost, and the length of time that has passed since the increase in price occurred.
Thus even if there is a slight change in demand due to change in price then the commodity is said to be elastic.
Answer: Place
Explanation: Jeff still needs to work on the place element of the marketing mix. Jeff has covered all the other three elements.
His decision to sell sports apparel covers the product element. He has also decided the prices he is going to charge so he has also covered price mix. Jeff has also decided the promotional strategies covering the promotion element.
Since he has not decided how he will going to make the product available and what will be the distribution channel etc.
Hence from the above we can conclude that the correct option is place element.
