The way in which copyright protection is secured is frequently misunderstood. Copyright is secured automatically when the work is created. A work is "created" when it is fixed into a book, tape or electronic medium for the first time.
Answer:
D £165,000
Explanation:
The computation of gross profit for the year using the first in first out (FIFO) method of inventory valuation is shown below:-
As we know that
Gross profit = Sales - the cost of goods sold
where
Sales is
= 500 units × £550
= £275,000
And, the cost of goods sold is
= 200 units × £250 + 300 units × £200
= £50,000 + £60,000
= £110,000
We considered only 500 units as these sold units are sold
And, this is a first in first out method so we pick the first date units only
So, the gross profit is
= £275,000 - £110,000
= £165,000
The total amount of money that is brought in by sales
Suppose the price of barley increases by 16.53%. If breweries buy 3.28% less barley after the price increase, the total revenue for barley producers will increase because the price effect is greater than the quantity effect.
Explanation:
Every company must sooner or later come to the point that an rise in the price is right.
Inflation has two primary causes: demand tug and expense drive.
Both have a general raise in costs in an economy. However, they work otherwise. Conditions of market pull arise as customer demand raises costs.
Consumers are now increasing the demand on the good for some quantity, and suppliers would need to offer a better price in order to deliver the good.
