Answer:
<u>Product</u> <u>Quantity </u> <u>LCM</u> <u>Total</u>
Model A 300 $125 $37,500
Model B 500 $90 $45,00
Model C 150 $59 $8,850
Model D 800 $115 $92,000
Model E 400 $140 $56,000
Explanation:
Product Quantity Cost Per Unit Market Value (NRV)
Class 1:
Model A 300 $140 <u>$125 </u>
Model B 500 <u>$90</u> $112
Model C 150 $60 <u>$59</u>
Class 2:
Model D 800 $120 <u>$115</u>
Model E 400 <u>$140</u> $145
When a company records inventory at lower of cost or market value, it will record its inventory at whichever price is lower. E.g. if NRV is lower than purchase cost, then inventory is recorded at NRV. If purchase cost is lower than NRV, then inventory will be recorded at purchase cost.
Models B and E should be recorded at purchase cost while models A, C and D should be recorded at NRV.
Product Quantity LCM Total
Class 1:
Model A 300 $125 $37,500
Model B 500 $90 $45,00
Model C 150 $59 $8,850
Class 2:
Model D 800 $115 $92,000
Model E 400 $140 $56,000
Solution :
c. MC=MR is the profit maximizing equilibrium point. The price rise beyond that is likely to raise the total revenue. But the total cost might increase equally or more then that to nullify or decrease the profit.
d. (i). The demand increase implies that the AR (demand) curve shifts rightwards. This will increase the equilibrium price.
(ii). Change in demand does not affect the total cost.
a. Monopoly might continue to produce in short earn even if its AR < AC. It continues to do so until shut down point. It refers that production continued until average revenue (AR) is greater than equal to the average variable cost (AVC). The monopoly is a market with a single seller.
This market's average revenue (AR) demand curve is above its marginal curve . The curves are downward sloping, illustrating price demand inverse relationship.
Equilibrium quantity : when the marginal revenue = marginal cost
Equilibrium price : equilibrium quantity corresponding price at AR (demand ) curve.
The Quick Book Online ecosystem gives you and your client access to a wide range of apps to help increase productivity in a business.
Explanation:
- The Quick Book Ecosystem helps small firms in their growth and productivity. It keeps all the accounts properly,does all the legal work. It is an easy going app and is very useful for the businessman.
- There is no need to keep any backup still the important data are kept secured. Online chats can also be easily performed.
- There is not requirement of software to manage it as well as this app don't require any upgrades. Hence we can say that this app is very useful because through this app we can avail other apps too.
Answer:
B. 9.0 times.
Explanation:
Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable
Net credit sales = <em>$7,200,000</em>
Average accounts receivable = (beginning AR - ending AR) /2
Average Accounts receivable = ($820,000 + $780,000)/2
Average AR = <em>$800,000</em>
Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times
Answer:
Risk on the critical path should be given higher priority than activities that are not part of the critical path, or that have a positive slack.
This is because incurring in a riks that is on the critical path can seriously alter the schedule of a project, to the point that the project could be delayed or put off.
