Answer:
COGS= $7,950
Explanation:
Giving the following information:
Beginning inventory 10 units at $120
First purchase 15 units at $150
Second purchase 30 units at $180
Third purchase 20 units at $195
Helen Tools has 25 hammers on hand at the end of the year.
<u>Under the FIFO method of inventory cost, the cost of goods sold is calculated using the purchasing price of the first units incorporated.</u>
We need to calculate the number of units sold:
Units sold= total units - ending inventory
Units sold= 75 - 25= 50 units
COGS= 10*120 + 15*150 + 25*180= $7,950
Answer:
The correct answer is letter "A": import substitution.
Explanation:
Import substitution is the strategy by which a government sets restrictions on imports so the same products being imported are consumed domestically instead of being exported. This approach is implemented to boost domestic production which increases the employment rate of a country.
<em>Protectionist countries</em> tend to impose tariffs on other countries' imports in an attempt to prioritize the industries within their borders.
Answer:
The corrwct option is B
Explanation:
The USERRA is a federal statute that protects servicemen and veterans civilian employment rights. Under certain conditions USERRA requires employers to put individuals back to work after their military service
Answer and Explanation:
Economic Growth can be defined as an increment in production capacity of an economy using all its available resources. The PPF illustrates the largest possible quantity of goods and services a nation can produce base on its available resources. An outward shift in the economy’s production possibility frontier (PPF) depicts a raise in productive capacity of an economy. An outward shift implies that an economy has capacity to increase its production outputs. This can be as a result of the economy employing new technology, allowing specialization, increasing its labour force, using new production approaches etc. Likewise, an inward shifting PPF implies an economy has witness a loss or exhaustion of some of its scarce resources and it will culminate into reduction in an economy’s productive potential.
Effects of saving and investment upon national GDP
level of savings direct related to the level of investment, investment feeds on available finance from saving. If more people save, the banks will be able to lend more to firms to support their investments.
low savings and investment implies a PPF inward shift. low savings in economy implies that the economy is opting for short-term consumption over long-term investment, and this will lead to future undue pressure on available infrastructures ad resources.
spending on consumer goods vs capital goods effect on the economy
In the short run, the economy must prefer using available resources to produce capital rather than consumer goods. Standards of living will be affected, as private consumption will have access to fewer resources. However, in the longer run, the raised production of capital goods will boost the production of more consumer goods ad therefore standards of living will experience more increase than they would have witness if the economy had spent most of its income on consumer goods.
Answer:
TC =FC + VC (Q)
$16750 = $8,000 + 1.75 (6,000)
Explanation:
Using high Low method calculate variable cost from following formula:
Variable cost = ( Higher Maintenance cost - Lower Maintenance cost ) / ( Higher activity level - Lower activity level )
Variable cost = ( $16,750 - $15,000 ) / ( 5,000 - 4,000 )
Variable cost = $1,750 / 1,000
Variable cost = $1.75 per activity
Fixed Cost = $16,750 - ( 5,000 x 1.75)
Fixed Cost = $16,750 - 8,750
Fixed Cost = $8,000
Cost Equation formula is
TC =FC + VC (Q)
$16750 = $8,000 + 1.75 (6,000)
TC =Total Cost
FC =total Fixed Cost
VC = Variable Cost per unit
Q =Quantity