Answer:
$183,000
Explanation:
The computation of the cost of goods sold using the FIFO method is shown below:
= Number of units purchased × per unit + additional units purchased × per unit
= 15,000 units × $10 + 3,000 units × $11
= $150,000 + $33,000
= $183,000
Since there are 18,000 units are sold
out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered
Answer:
The correct answer is Variable Cost.
Explanation:
According to the scenario, the rent and manager salary is fixed, so, it is under fixed cost.
Whereas, Cost of supplies ( i.e. napkins, bags and condiments) are variable according to the number of customer. As the number of customer increases, cost of supply also increases and as the number of customer decreases, cost of supply also decreases.
This type of cost is known as Variable cost,
Hence, The cost of supply is Variable cost in the given scenario.
The correct answer is C) grow.
Lisa Monroe's mandate that called for the company's future manufacturing plants to be built with the ability to add capacity at low cost gives Seymour Semiconductors the option to grow.
That is why Lisa Monroe, as the new CEO of the company, wants some innovative changes for the company to adapt to modern times, different consumers' necessities, and the fierce competition of other companies in the industry.
She made the decision to change the strategical approach of Seymour Semiconductors. She has decided to lay off 1,000 employees. She has opted to hire temporary workers. With those decisions, she considers that the company will be able to grow again.
Answer:
1. Dr Equipment 36000
Cr Cash 9000
Cr Notes payable 27000
( To record entry of equipment purchase on cash and on promissory note)
Explanation:
Equipment = 36000
Paid in cash = 36000 /4 =9000 and balance 36000-9000=27000 to be signed promissory note.
Answer:
Option e. is correct
Explanation:
The Terms of Trade is equal to the average price of exports / by the average price of imports. The terms-of-trade refers to the relative price of exports in terms of imports.
Protective effect refers to the wasted resources due to production of good at a higher cost. Consumption effect refers to the loss to consumer due to higher price that leads to less consumption.
Should the home country be "large" relative to the world, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms-of-trade effect exceeds the sum of the <u>protective effect plus consumption effect</u>
