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Ronch [10]
3 years ago
10

Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. Du

ring the month, the company made two purchases: May 3rd, 720 units at $68 each May 20th, 360 units at $70 each. Chess Top also sold 800 units on May 10th , Using the LIFO method, what is the amount of cost of goods sold for themonth
Business
1 answer:
Lyrx [107]3 years ago
5 0

Answer:

the amount of the cost of goods sold is $55,120

Explanation:

The computation of the cost of goods sold for the month is shown below:

Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68

= 360 units × $70 + 440 units × $68

= $25,200 + $29,920

= $55,120

Hence, the amount of the cost of goods sold is $55,120

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allsm [11]

Answer:

$ 25

Explanation:

As per the description, the exact amount that is being contributed from the corn bushel to the Gross Domestic Product would be $ 25. The price at which the farmer sold it to the supermarket would not be included in the GDP because it would be considered as an intermediary good because the good purchased for the resale purpose is not included in GDP as it leads to double-counting. Thus, <u>only the price of the final good i.e. $ 25 would be included in GDP as it will now be used for final consumption by the customers</u>.

6 0
3 years ago
Which of the following statements is true of the new product development process? Question 8 options: 1) Commercialization is th
diamong [38]

Answer: 4) Under the business analysis stage, if the new product satisfies the company's objectives, the product then moves to the product development stage.

Explanation:

The Business Analysis stage of the New Product Development Process is a more in-depth analysis of the product to find out the viability of the product in the market and what it means for the firm.

Here the big questions are asked such as;

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Once these questions have been answered and other analysis made and the company is satisfied, the product can then move to the Product Development Stage.

7 0
3 years ago
. A poor credit score can result in:
myrzilka [38]

Answer:

- All of the above

Explanation:

This is the best answer for this question because a poor credit score can result in difficulty finding a job, renting an apartment, and obtaining credit in the future.  I didn't see anything about higher interest charges, but one can logically conclude that that would also be affected

Hope this helps(:

3 0
3 years ago
when a person uses face-to-face presentations to promote goods and services, he is said to be using as a sales technique.
gulaghasi [49]

Personal selling is the face-to-face presentation and promotion of products and services.

<h3>What is personal selling?</h3>

Personal selling, commonly referred to as face-to-face selling, is a sales technique where a single salesperson tries to persuade a consumer to purchase a product. It is a type of advertising where the salesperson employs their knowledge and talents in an effort to close a deal.

<h3>What do you mean by sales technique?</h3>

A sales technique is a strategy of selling used by a company's sales team or a salesperson to close more deals and make more money. It's a tactic to improve a company's sales procedure. A sales methodology is adaptable and open to change once its efficacy has been tested through trials.

To know more about salesperson, visit:

brainly.com/question/951074

#SPJ4

6 0
1 year ago
Historically, coins and paper money complicated the exchange process. <br> a. True <br> b. False
Salsk061 [2.6K]
False. They made it easier.
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3 years ago
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