16) When Amazon acquired Whole Foods, the brick-and-mortar supermarket, the company was pursuing a _______

Describe the difference between a fixed-quantity (Q) and a fixed-period (P) inventory systems and provide an example for each.

sergeinik [125]

Answer and Explanation:

The fixed quantity inventory system, the quantity of an order or the lot size is fixed in nature i.e. the similar amount means the quantity is ordered each and every time. It could be managed by continonusly watching the level of inventory. Example - economic order quantity

On the other hand, the fixed period inventory system is a system in which the inventory is to be checked at fixed inventory. It is same as the periodic reveiw system instead of the continuous basis. Example - drugstore

7 0

3 years ago

An effective price ceiling will cause consumers to: Instructions: In order to receive full credit, you must make a selection for

photoshop1234 [79]

Answer:

gain surplus from paying a lower price

Explanation:

An effective price ceiling will cause consumers to "gain surplus from paying a lower price."

This is based on the idea that an effective price ceiling usually leads to prices being below the equilibrium price or equates to a lower price.

At this point, the buyers demand more of the products, while the sellers have a lower incentive to produce more. And therefore, the quantity demanded will exceed the quantity supplied.

Hence, consumers gain excess (more demands) by paying a lower price.

4 0

3 years ago

Fall Co. paid $500 in freight-out charges to ship $25,000 of inventory on consignment to Rodgers Co. Rodgers printed and mailed

Aloiza [94]

Answer:

$5100

Explanation:

The cost of the inventory in $25000 and the cost of shipping it to the consignee, $500.

The cost of marketing brochures an comissions are recognized as expense and do not affect inventory. If 80% of the inventory was sold, 20% remains, which will have a carrying value of $25,500 X 20% = $5100

6 0

3 years ago

When tolls on the Dulles Airport Greenway were reduced from $1.75 to $1.00, traffic increased from 10,000 to 26,000 trips a day.

Artemon [7]

Answer:

Price elasticity of demand, $P_{ED}$ = 1.63

Explanation:

We know,

Price elasticity of demand, $P_{ED}$ = $\frac{Percentage change in Quantity Demanded}{Percentage change in prices}$

We will be using mid-point method to calculate the price elasticity.

Here,

Percentage change in Quantity demanded = $\frac{Q_{1} - Q_{0}}{\frac{Q_{1} + Q_{0}}{2}}$ × 100

or, Percentage change in Quantity demanded = $\frac{26,000 - 10,000}{\frac{26,000 + 10,000}{2}}$ × 100

Therefore, % change in Quantity demanded = $\frac{16,000}{18,000}$ × 100 = 88.89%

Again,

Percentage change in price = $\frac{P_{1} - P_{0}}{\frac{P_{1} + P_{0}}{2}}$ × 100

or, Percentage change in price = $\frac{1.00 - 1.75}{\frac{1.00 + 1.75}{2}}$ × 100

Therefore, Percentage change in price = $\frac{-0.75}{1.375}$ × 100 = - 54.55%

Therefore, Price elasticity of demand, $P_{ED}$ = 88.89% ÷ (- 54.55%) = 1.63

We know, price elasticity is always positive. Therefore, we have to give an absolute value for price elasticity.

5 0

3 years ago

LO 4.7In a job order cost system, overhead applied is debited to which account?

BaLLatris [955]

Answer:

work in process inventory

Explanation:

The journal entry to record overhead applied is shown below:

Work in progress inventory A/c Dr XXXXX

To Factory overhead A/c XXXXX

(Being applied overhead is recorded)

And, the journal entry to record over applied is presented below:

Manufacturing overhead A/c Dr XXXXX

To Cost of Goods sold A/c XXXXX

(Being over-applied overhead is recorded)

Over applied is come when actual overhead based on predetermined rate is more than the actual manufacturing overhead

7 0

3 years ago

16) When Amazon acquired Whole Foods, the brick-and-mortar supermarket, the company was pursuing a ________ strategy.