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3 years ago

We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:

1 answer:

4 0

The reason behind the falling of price and quantity of ketchup sold is that the cost of mustard seeds decreases as mustard is a substitute of ketchup and for the input mustard seeds are produced. So, if the price of mustard seed decreases, the price of ketchup also decreases.

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In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R

xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0

3 years ago

The two types of utilitarianism are _____ and _____ . primary; secondary causal; superfluous consideration; evoked proactive; re

serious [3.7K]

Answer:

The two kind of utilitarianism are act and rule

Explanation:

Utilitarianism is the form or kind of consequentialism as it rests the idea which is the result or consequence of laws, actions or policies, and determine or evaluate whether they are right or wrong.

The 2 types of utilitarianism are rule and act, where rule utilitarianism is the one which focus on the effects of kinds of actions like stealing o killing and the act utilitarianism is the one which focus on the effects of the individual actions.

8 0

4 years ago

The difference between the price at which a dealer will sell a certain security and the price at which a dealer will buy a secur

Sergeeva-Olga [200]

Answer:

Spread

Explanation:

Spread is the difference between bid and ask price quoted by dealer to purchase and sell a security.

Spread is the excess amount which is asked by the dealer for a security over the bid amount at which he is willing to buy the security.

3 0

3 years ago

In economics , the what is it called when individuals focus on perfecting a limited range of tasks, so as to become experts in t

Korvikt [17]

Specialisation is when individuals focus on perfecting a limited range of tasks so as to become experts in that particular field

8 0

3 years ago

The use of teams is becoming increasingly prevalent in the U.S. workplace, partly because of the many benefits associated with t

saveliy_v [14]

Answer:

The answer is:

Better customer satisfaction

Greater employee job satisfaction

Explanation:

The advantages of work teams include

better customer satisfaction and
greater employee job satisfaction.

Better customer satisfaction:

Work teams can be trained to meet the needs of specific customers. Teams also help to improve the product and service quality in different ways and also take direct responsibility for their products and services. All these help to improve customer satisfaction.

Greater employee job satisfaction:

Team work helps the employees in work teams to improve their skills through cross training. Their capabilities also increases and makes their work more interesting. All these help to increase job satisfaction. They also enjoy job satisfaction through unique job responsibilities acquired through work teams. Social loafing is a disadvantage of work teams and they also have the disadvantage of initial high employee turnover.

8 0

4 years ago