Computation of the estimated inventory at retail on a LIFO basis
Cost ($)
Beginning inventory 16,800.00 24,800.00
Purchases 50,800.00 79,800.00
Freight - in 4,300.00 -
Purchase returns (3,500.00) (4,400.00)
Add: Net markups - 2,900.00
Less: Net markdowns: - (5,900.00)
Goods available for sale (excluding beginning inventory) 51,600.00 72,400.00
Goods available for sale (including beginning inventory) 68,400.00 97,200.00
Less: sales
Net sales 72,400.00
Add back employee discount 2,500.00 (74,900.00)
Ending inventory, at retail 22,300.00
Answer:
usually complements to the gas sales
Explanation:
Complementary products are those that their demand increases with the increased demand of other products.
Complementary products are usually used together. For example tea and sugar are consumed together, so an increase in tea consumption should result in an increase in sugar consumption.
In this scenario when the price of the convenience store products falls, their demand will increase. If there is an increase in gas sales too it is logical to conclude that the convenience store goods are complements of gas sales.
Answer:
The most likely reason that the other users cannot print is; The printer is malfunctioning and requires service
Explanation:
Answer:
Real GDP will rise by $100 million
Explanation:
Aggregate Demand [AD] is total amount of goods & services, all sectors of an economy are planning to buy . So AD = Aggregate Planned Expenditure [APE]
Aggregate Supply [AS] is total amount of goods & services, all sellers are planning to sell. As total output value of goods & services produced is distributed among factors of production, AS = National Income [NY] = GDP
At equilibrium : AD or APE = AS or NY or GDP
If AD or APE increases by $100 million :
AD or APE > AS or Aggregate Planned Production or GDP . This implies willingess to buy > willingness to produce. So, inventory levels will fall below desired level. To mantain inventory level, production [AS] & income level [GDP] will rise till it becomes equal to risen AD or APE
So, GDP will also rise by $100 million