Answer:
1. Cost to retail ratio = Cost of goods available for sale/ Retail value of goods available for sale
- Cost of goods available for sale = $430000 + $920000 + $62550 = $1412550
- Retail Value of goods available for sale = Retail value of inventory + Net Markup - Net Markdown = $565000 + $1340000 + $61000 - $31000 = $1935000
Cost to retail ratio = Cost of goods available for sale/Retail value of goods available for sale = ($1412550/$1935000)*100 = 73%
Sales value at retail = $1265000
So, Cost Of goods Sold = Sales Value at retail*Cost to retail ratio = $1265000*73% = $923,450
2. Ending Inventory Retail Value = Retail value of goods available for sale-Sales value at retail = $1935000 - $1265000 = $670,000
So, Cost of ending inventory = Ending inventory value at retail*Cost to retail ratio = $670000*73% = $489,100
Answer:
False
Explanation:
In a competitive market, if production (and consumption) continues until the marginal benefit of one more unit equals marginal cost, then total surplus is maximized.
As for any extra unit produced
Marginal Benefit > Marginal cost = Surplus
Marginal Benefit = Marginal cost = No Surplus / No loss
Marginal Benefit > Marginal cost = loss
When your Marginal benefit is maximum and Marginal cost is minimum then the surplus will be maximized.
Most efficient situation in which benefit is maximum and the cost is minimum results in maximized surplus.
<span>Property taxes on a company's factory building would be classified as "manufacturing cost".
</span>
Manufacturing cost refers to the sum of expenses of all assets expended during the time spent making an item, these costs are normally separated from other everyday expenditure in order to measure the effectiveness and production of the company. Direct materials cost, direct labor cost and manufacturing overhead are the three classes of manufacturing cost.
Answer:
d. Emeralda from " Clean as a Whilte Co." runs over patty Pedestrain in the dealership's parking lot.
Explanation:
Liability is the degree to which a person is responsible for injury that happens to another party in a lawsuit. Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and "Clean as a Whistle Co." as cleaners.
Peter will be least liable if Emralda from "Clean as a Whistle Co." runs over Patty I'm the dealership's parking lot.
This is because Peter hired the company as a seperate entity from the cleaning company employees. The conduct of employees from the cleaning company is responsibility of "Clean as a Whistle Co."
Answer:
remain actively aware of the fact that there is little or no connection between separate, objective competencies. Just because an individual scores highly in one area has no relation to how they will fare in other areas.
please mark me as the brainliest
hope it helps
