Answer:
The answer is: the amount of inventory at the end of the year was $1,583 using the average cost method.
Explanation:
The average cost method calculates the cost of inventory by dividing the total costs of goods by the total units.
- 10 units x $60 = $600
- 25 units x $65 = $1,300
- 30 units x $68 = $2,040
- 15 units x $75 = $1,125
The total cost of inventory is $5,065 ($600 + $1,300 + $2,040 + $1,125)
The total units in inventory are 80 (10 + 25 + 30 +15)
To find the average cost per unit = $5,065 / 80 units = $63.31
If 25 units were left at the end of the year, then the total cost of inventory is $63.31 x 25 = $1,582,81 or $1,583
Answer:
The good is considered a necessity.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Usually elastic goods are those that can be replaced, so that rising prices cause a drastic drop in demand that will flow to another product. For example, if the price of the burger rises, consumers may stop buying burgers and substitute pizza (assuming these products are substitutes). On the contrary, if the good is needed, it usually tends to be inelastic, that is, the price increase does not considerably decrease the demand, because consumers need this good. For example, medicines.
A worker’s positive reaction to a negative performance review from an employer might be option A "ignore the criticisms made at the review." Option A seems to be the best fit for this question because option B would I consider a negative reaction because addressing the employer over the negative review could start a fight and the other two seem too irrelevant for this question.
Hope this helps.
A family owned business will consider the budget, profit, goal of the business, status of the business, among others. Although this business might have a difficulty considering the welfare of their employees when deciding an important deal. They will have a difficulty empathizing with their employees since they are more focus on their business than their people.
Answer: $3,026.55
Explanation:
If US$1 is to £0.7269 then that means that the pound is stronger than the dollar because a dollar buys less than a pound in which case £2,200 will be more than $2,200.
It will be;
= 2,200/0.7269
= $3,026.55
<em>Options seem to be for a variant of this question. </em>
