Answer:
Ending Inventory = $55,000
Explanation:
<u>Particular Cost price Retail price
</u>
Opening Inventory $30,000 $42,000
<u>Add: Additional Purchases $196,000 $368,000
</u>
<u>Cost of Goods Available for Sale $226,000 $410,000
</u>
Cost to Retail Ratio: 55 %
Less: Net Sales $310,000
Ending Inventory $55,000 $100,000
Note:
Cost to Retail Ratio = $226,000 / $410,000
Cost to Retail Ratio = 55% (Approx)
Answer:
The correct answer is option C.
Explanation:
Italy and Sweden both produce jeans and stained glass.
Italy's opportunity cost of producing a pane of stained glass
= 4 pairs of jeans
Sweden's opportunity cost of producing a pane of stained glass
= 10 pairs of jeans
Since Italy has a lower opportunity cost of producing glass, so we can say that it has a comparative advantage in the production of glass.
Italy's opportunity cost of producing a pair of jeans
= 
= 0.25
Sweden's opportunity cost of producing a pair of jeans
= 
= 0.1
Sweden has a lower opportunity cost in the production of jeans, so it has a comparative advantage in the production of jeans.
So, Italy will produce and export glass and Sweden will produce and export jeans.
Both the countries will gain from trade if the trade price lies between their opportunity cost.
So the trade price will be 8 pairs of jeans per pane of stained glass.
Answer:
The correct option here is A).
Explanation:
Option A - is correct because according to the conclusion given in the argument, charitable institutions would have to reduce their services and some might have to close their doors , which means the assumption we are going to take will have a direct affect on these institutions , now if we assume that this assumption is false, that means whether this change comes or not charitable institutions will receive donations but that is not the case , so this option has to be correct.
Option B - this option is not right because it is nowhere said that these wealthy individuals are the only source of donations for charitable institution.
Option C - this option is also not correct because here no assumption is being made, the given statement is a consequence of not bringing the change.
Option D - this option is also not correct because there can be other individuals who can make donations.
Option E - this option is also not correct because here an alternative change to tax law is being talked about not the assumption of the argument.
The management style Infotech most likely is applying is theory Z.
This theory was proposed by Dr. William Ouchi, and it was based on the Japanese principles of management, thanks to the boom of Asian economy in the 1980s. By giving the employees a lot of incentives, as well as responsibility for their work, productivity and morale are increased.
