The cheap foreign labor argument for protectionism refers to a lower wage often earned by many foreign workers.
Hope this helps :)
Answer:
COGS= $130,000
Explanation:
Giving the following information:
A retail operation has an average gross margin of 35%.
Sales= $200,000.00
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
Gross margin= sales - COGS
COGS= sales - gross margin
COGS= 200,000 - (200,000*0.35)
COGS= $130,000
Answer:
<u><em>ending statement and complimentary close for her email</em></u>
we look forward to deliver your order and expect no further problems to arise.
Respectfully,
Sara Abdulla
Answer:
a set of assumption framework and methodologies used in the study of application of financial reporting principles
Answer: Elasticity of demand is 7.06
Explanation:
P1= $2,750
P2=$2,880
Q1=446,000
Q2=321,000
![Elasticity = \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } * \frac{\frac{P1 + P2}{2} }{P2 - P1}](https://tex.z-dn.net/?f=Elasticity%20%3D%20%5Cfrac%7BQ2%20-%20Q1%7D%7B%5Cfrac%7BQ1%20%2B%20Q2%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7BP1%20%2B%20P2%7D%7B2%7D%20%7D%7BP2%20-%20P1%7D)
![Elasticity = \frac{321,000 - 446,000}{\frac{446,000 + 321,000}{2} } * \frac{\frac{2750 + 2880}{2} }{2880 - 2750}](https://tex.z-dn.net/?f=Elasticity%20%3D%20%5Cfrac%7B321%2C000%20-%20446%2C000%7D%7B%5Cfrac%7B446%2C000%20%2B%20321%2C000%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7B2750%20%2B%202880%7D%7B2%7D%20%7D%7B2880%20-%202750%7D)
![Elasticity = \frac{-125,000}{383,500} * \frac{2815}{130}](https://tex.z-dn.net/?f=Elasticity%20%3D%20%5Cfrac%7B-125%2C000%7D%7B383%2C500%7D%20%2A%20%5Cfrac%7B2815%7D%7B130%7D%20)
![Elasticity = - 0.3259*21.6598](https://tex.z-dn.net/?f=Elasticity%20%3D%20-%200.3259%2A21.6598)
Elasticity = -0.76
Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.