Suppose a competitive firm has cost function \( C=19 Q+2 Q^{2} \). At a market price of \( \$ 99 \), how much output should this firm produce to maximize profit? A. 4 B. 16 C. 20 D. 38

Answers

Answer 1

The correct answer is not among the options provided by the question.

Given cost function: C = 19Q + 2Q²If we suppose a competitive firm has a cost function C = 19Q + 2Q²At a market price of $99, we can calculate the profit-maximizing output. We need to remember that in perfect competition, firms are price takers, meaning they cannot influence the price of the product. Therefore, the firm can only make a profit if it can minimize the cost of producing the product.

What is the revenue equation? We know that: Revenue = Price x Quantity (R = P x Q)If the market price is $99, then: R = 99QNow we need to find the profit equation: Profit = Revenue - CostIf we substitute the revenue equation into this equation, we get: Profit = 99Q - (19Q + 2Q²)To find the output that maximizes profit, we need to differentiate this equation with respect to Q:∂ Profit / ∂ Q = 99 - 38QSet this equal to zero to find the value of Q that maximizes profit:99 - 38Q = 0Q = 99 / 38We can round this answer to the nearest whole number to get: Output = 3. Therefore, the firm should produce an output of 3 to maximize its profit. Therefore, the correct answer is not among the options provided by the question.

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Related Questions

Transformational organisational change happers when:
Select one:
a. There are small changes in many different parts of the organisation
b. There is a major change in a division of the organisation
c. There are small changes in one part of the organisation
d. There is a major change to most parts of the organisation

Answers

Transformational organizational change happens when there is a major change to most parts of the organization.

Transformational organizational change typically entails a substantial and all encompassing change that has an impact on various organizational components. It involves a holistic and systemic transformation of various functions, processes, structures and cultures within the organization, going beyond small, incremental changes.

This kind of change is frequently prompted by a strategic effort to adjust to altering market circumstances, technological developments or organizational objectives. To implement and maintain the change the organization's various departments and levels must work together and be engaged.

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Which describes the qualifications for someone in Law Enforcement Services?
O Communication skills for interviewing citizens, and confidence in challenging criminal behaviour.
O Knowledge of medical procedures, and emergency room codes.
O Knowledge of architectural concepts and bulidng plans.
O High awareness of ocean practices for in water rescue

Answers

Answer: Communication skills for interviewing citizens, and confidence in challenging criminal behaviour.

Explanation:

A person working in law enforcement needs to be able to convince citizens that they are working in their best interest. They need to know how to communicate effectively with people so as to get information from them and build trust.

They should also be brave enough to confront crime when needed because their main purpose is to keep people safe.

Answer:

A

Explanation:

Cuz god. And i meant to not capitalize the G.

Amber showed up to the conference room five minutes before her presentation, which was to begin at 2 P.M. This was the first time she had been to conference room #9, and she assumed that it had a projector. Unfortunately, it didn't. After noticing this fact, she rushed to an adjacent room to borrow one. She was able to do so, and finished setting up her equipment at 2:15. She had to borrow a laptop as well, since the room did not have a computer. 1. Think carefully about what happened to Amber's presentation. In your estimation, what was her first mistake?

Answers

Answer:

She should have come earlier so that she could prepare for her presentation, and if she knew she needed specific equipment then she should have asked someone if the room had it.

Explanation:

So basically just not coming early and prepared.

If Delia invests her money in savings and government bonds, which phrase
most likely describes her investment strategy?
A. High risk, low return
B. Low risk, low return
C. Low risk, high return
D. High risk, high return

Answers

By investing in savings and government bonds, Delia is following a B. Low risk, low return investment strategy.

Government bonds and savings accounts:

Have very little risk attached to them because they are either backed by the government or not put into risky investmentsProvide very little return on account of having so little risk

When a person invests in government bonds and savings accounts, they are all but certain that they will get their money back. They will however, not make a lot of return.

We can therefore conclude that Delia is pursuing a low risk and low return strategy.

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HOW IS EVERYONE i love u all and enjoy helping you where u may struggle

Answers

I LOVE YOU. i am good thank you :) how are you??

Answer:

THANK YOU SOOO VERY MUCH. I need assistance with my question

Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the ______.

Answers

Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the Transformational leadership.

What is Transformational leadership?

Transformational leadership can be regarded as kind of leadership that motivate followers to accomplish the set goal of the organization excellently as expected of them  by their leaders.

Therefore, Transformational leadership moves followers to accomplish more than is usually expected .

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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What must a real estate brokerage understand when approached by a stockholder of a company gone bankrupt who wants to attach property owned by the now-defunct corporation?

Answers

There is no direct ownership of the firm's assets, and the stockholder's interest in the company is only as valuable as their investment.

Real estate brokerage: What is it?

Some people might make agent claims. Others may refer to themselves as "realtors." These jobs range in type.

Employing real estate agents is a requirement for real estate brokers. They can't complete their tasks on their own. Additionally, a real estate license must be attained and approved by the state's standards. In some states, an agent is only permitted to be connected to one brokerage.

Brokers can choose between working for themselves, starting their own brokerage, and employing real estate agents. Additionally, they might collaborate with several brokerage firms. The nature of their business and job, however, may make the state standards more strict. First, they must succeed on the brokerage exam.

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Why are more and more companies empowering nonmanagerial employees?
1)Managers needs to make quick decisions.
2)Organizational upsizing left many managers with smaller spans of control.
3)Empowerment is appropriate for all circumstances.
4)Managers must cope with increased work demands.

Answers

Among the given options, the most plausible reason why more and more companies are empowering non managerial employees is 4) Managers must cope with increased work demands.

Due to a variety of circumstances, including rapid business development, task complexity, international rivalry, and technology advancements, managers are facing increased work demands. Managers frequently find it difficult to handle all the decision-making and task execution on their own as workloads and responsibilities increase. The task can be distributed more efficiently and some of this weight can be reduced by giving non managerial personnel additional responsibility.

Companies can outsource decision-making authority and accountability to people who are closer to the operational front lines by empowering non managerial staff. This enables managers to concentrate on more complex strategic responsibilities, important choices, and coaching and supporting their staff. The need for constant managerial supervision is reduced when empowered people are given the autonomy and responsibility to make decisions within their fields of expertise.

Employee engagement, motivation, and job satisfaction can all be improved by giving nonmanagerial staff more authority. Employees frequently feel more respected and empowered when given additional authority, freedom, and trust. Increased productivity, inventiveness, and a sense of pride in their job may result from this. Employees that feel empowered are more inclined to take the initiative, find solutions to issues, and contribute to the success of the company as a whole.

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Leverage

-Increases investment risk

-Decreases investment risk

-Only works to the investors advantage

-Increases owners equity in an investment

Answers

Leverage can increase investment risk because it involves borrowing money to make investments, which can result in higher losses if the investment does not perform well.

Leverage in finance refers to any strategy that involves borrowing money to make purchases while anticipating future earnings to be several times greater than the price of financing. Leverage often refers to using borrowed funds to pay for an asset purchase. Leverage is frequently used in order to boost an asset's profitability. People borrow money and employ leverage because they think they can buy greater resources and increase their profits with the additional funds.

However, it can also potentially increase returns. It does not necessarily decrease investment risk or only work to the investors' advantage. Leverage can increase owners' equity in an investment if the returns generated from the investment are higher than the cost of the borrowed funds.

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Brie just created the blueprint of a deck using her computer software. She then sent the design to Gunther, who estimated the total cost of wood, hardware, and other materials that might be used. The plans were then sent to Justin, who ordered the supplies and did the physical labor. Which best describes the jobs of each individual based on the tasks performed?Brie works in Maintenance, Gunther works in Construction, and Justin works in Design/Pre-Construction.
Brie works in Design/Pre-Construction, Gunther works in Construction, and Justin works in Maintenance.
Brie and Justin work in Construction, and Gunther works in Design/Pre-Construction.
Brie and Gunther work in Design/Pre-Construction, and Justin works in Construction.

Answers

Answer:

The answer is D

Explanation:

Answer:

Its D

Explanation:

A bank statement computes an account's ending balance by adding all
to the beginning balance.
O A. amounts of cash purchases
B. amounts of cancelled checks
C. withdrawals and debits
D. deposits and credits

Answers

A bank statement computes an account's ending balance by adding all to the beginning balance with respect to deposits and credits. Thus, option D is correct.

What is a bank statement?

A bank statement can be described as the part where the transactions that are related to the bank that is in relation to the withdrawal or the payment of the funds.

When calculating a profile's closing balance on a bank account, deposits and credits are added to the opening balance will be considered.

This means that the account will have the entry of the deposit and the withdrawal, which are represented by the debit and the credit balance. Therefore, option D is the correct option.

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Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?

Answers

It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business

~It has created employment

~It has reduced rural-urban migration since some businesses have been set up in Rural areas.

~Saving imports since goods can be locally produced reducing the cost of importing them

~It has raised people's standard of living since one can acquire goods he/she can't produce

~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs

The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft

This reflection paper is intended to connect the learning from the topic "Personality, Intelligence, Attitude & Emotions" to real life. It can include the past and present, but it primarily is intended for you to consider how this might impact your future.
Part 1: describe the topic "Personality, Intelligence, Attitude & Emotions" in your own words.
Part 2: apply the topic to your personal experiences.
Part3: explore a way forward in which personal growth can occur based on the insights learned from the topic

Answers

Part 1: Personality, Intelligence, Attitude & Emotions The topic of "Personality, Intelligence, Attitude & Emotions" encompasses various aspects of human behavior and psychology.

Personality refers to the unique patterns of thoughts, feelings, and behaviors that distinguish individuals from one another. Intelligence involves cognitive abilities such as problem-solving, reasoning, and learning. Attitude refers to the predisposition or mindset that influences how individuals perceive and respond to situations.

Emotions encompass the range of subjective feelings experienced by individuals, including happiness, sadness, anger, and fear.

Part 2: Application to Personal Experiences

In my personal experiences, I have observed how personality, intelligence, attitude, and emotions interact and shape my behavior and relationships. My personality traits, such as introversion or extraversion, influence how I interact with others and seek social connections. Additionally, my intelligence level and cognitive abilities impact my academic and professional pursuits, shaping my approach to learning and problem-solving.

Attitude plays a significant role in my personal experiences. For instance, having a positive attitude helps me maintain optimism and resilience in the face of challenges, enabling me to persevere and find solutions. Conversely, a negative attitude can hinder my progress and affect my overall well-being.

Emotions also have a profound impact on my experiences. I have noticed that managing my emotions effectively enhances my relationships and overall mental well-being. Understanding and regulating my emotions allows me to communicate more effectively, empathize with others, and make rational decisions.

Part 3: Personal Growth and Insights

Reflecting on the topic of "Personality, Intelligence, Attitude & Emotions," I recognize the potential for personal growth and development. By gaining a deeper understanding of these factors and their interplay, I can strive for self-improvement and enhance my future prospects.

One way forward is to engage in self-reflection and self-awareness exercises. By exploring my own personality traits, identifying my strengths and weaknesses, and understanding how they influence my behavior, I can work towards personal growth. This involves embracing self-acceptance and recognizing that personality traits can be modified to a certain extent through conscious efforts.

Additionally, I can focus on developing emotional intelligence. This includes enhancing my ability to recognize and understand emotions, both in myself and others. By practicing empathy, active listening, and effective communication, I can foster stronger interpersonal connections and navigate conflicts more skillfully.

Furthermore, cultivating a positive attitude and mindset is crucial for personal growth. Adopting a growth mindset, where I believe in my ability to learn and improve, can fuel my motivation and resilience. By challenging negative beliefs and embracing a solution-oriented mindset, I can overcome obstacles and achieve my goals.

In conclusion, the topic of "Personality, Intelligence, Attitude & Emotions" has significant implications for personal growth and development. By applying insights from this topic to my own experiences, I can strive for self-improvement, develop stronger relationships, and enhance my overall well-being. Through self-reflection, emotional intelligence, and cultivating a positive attitude, I can create a path towards a fulfilling and successful future.

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A sharing arrangement in which only deductible costs are apportioned to the investor, with the sponsor bearing all capitalized costs is called

Answers

Answer:

D) functional allocation

Explanation:

These are the options for the question;

A) overriding royalty arrangement.

B) reversionary sharing arrangement.

C) carried interest.

D) functional allocation.

A sharing arrangement in which only deductible costs are apportioned to the investor, with the sponsor bearing all capitalized costs is called functional allocation.

functional allocation in management involves the act in which employee are grouped in departments according to skills possessed by them or area they specialize in, and these department are been managed by functional leader.. It is very important in business for employees to give their best during production.

A manufacturer uses a standard cost system with overhead applied based upon direct labor hours. The manufacturing budget for the production of 5,000 units for the month of May included the following information: Direct labor 10,000 hours at $15 per hour $150,000 Variable overhead 30,000 Fixed overhead 80,000 During May, 6,000 units were produced and the fixed overhead budget variance was $2,000 favorable. Fixed overhead during May was

Answers

Answer:

Your answer is given below:

Explanation:

Labor efficiency variance = (Standard hour-actual hour)Standard rate

-1500 = (10000*15-X15)

15X = 151500

x(actual hour) = 10100 Hour

airbus a380 project recommend specific reporting metrics from which the project could have benefited, considering how elements of earned value management were used to help control the project.

Answers

The steps to control the project given by Airbus A380 project recommended specific reporting metrics.

Compile a list of the main project specifics. Establish the project's in- and out-of-scope components, as well as the sponsor's anticipated success criteria. Stakeholders A. Describe how the project's development has affected important stakeholders and the responsibilities they play in it. B. Offer suggestions for resolving staffing concerns and the results you anticipate. planning actions. Budget. risks and methods of control. Resource Control. Purchasing options A. Assess the project's chosen procurement choices and look for missing procurement opportunities. B. Go over the different contract types that were used and why they were picked. C. Determine, with justification, what adjustments are necessary to use the optimal contract type alternatives for this project.

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which of the following statements is true of mass customization? it does not need the additional costs of creating need-specific components. it works best if a product can be broken into modules that offer different features. it does not require standard core components to be produced in large scale. it is the best option when products need to be customized from start to end.

Answers

The following statement is true of mass customization: it works best if a product can be broken into modules that offer different features.

Mass customization is the production of goods and services that meet individual customer's demands with near-mass production efficiency. Mass customization often takes a modular approach, breaking the product into components that can be created in various versions or models.

The customer can choose which components to include in the final product, allowing them to create their own unique combination. As a result, mass customization works best if a product can be broken into modules that offer different features.

Customization can only be achieved through customization modules that are standardized to an acceptable degree to ensure that the final product meets the customer's requirements.

Mass customization is often more expensive than mass production because it requires individual orders to be tracked, inventory to be held in a modular form, and a flexible manufacturing environment to be maintained.

The modularization of products allows customers to mix and match standardized components in various configurations to suit their particular needs. Mass customization can be seen as the best of both worlds: the flexibility of a customer-driven order and the efficiencies of a large-scale, mass-production facility.

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do you think the government should help businesses like SJD? justify your answer​

Answers

Answer:

yes

Explanation:

coz we're not getting any help

In computing the GDP, why is it import spending subtracted from the sum of consumption, investment, government purchases and export spending?
-Economics

Answers

Import spending is subtracted from the sum of consumption, investment, government purchases and export spending in the calculation of GDP because import represents spending on goods and services that are not produced in that economy.

Gross domestic product is the total sum of goods and services produced in a particular economy in a given period. One of the ways that can be used to determine the value of GDP is the expenditure approach.

The expenditure approach to determine GDP = Consumption + investment + government purchases + ( export - import).

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In a certain jurisdiction caroline, who is earning $42,200, currently pays a flat percentage of 25% income tax. The tax authorities suggest a change to a progressive income tac system as follows: 1. Charging 15% on a person's income up to $20,000. 2. Changing 30% on any income above that. How much less will caroline be paying in income tax under the proposed changes? round your answer to the nearest dollar.

Answers

The amount of tax paid less by Caroline as per the new taxation policies will be $950 over her annual salary of $42,200 after the taxes are applied assuming deductions being made.

The calculation of tax saved by Caroline will be done on the basis of comparing the taxation rates of both the policies after taking the changes into account.

Calculation of tax savings

The formula for calculation of tax will be done as follows when the taxes are charged on flat basis under the old policy,

\(\rm Income\ Tax= Salary\ x\ Rate\ of\ Taxation\\\\\rm Income\ Tax= 42200\ x\ {\dfrac{25}{100}\\\\\\\\\\\\\\rm Income\ Tax= \$10550\)

The taxation for the first $20000 as per the new policy will be

\(\rm Income\ Tax\ Threshold= 20000\ x\ \dfrac{15}{100}\\\\\rm Income\ Tax= \$3000\)

Calculating further taxation,

\(\rm Income\ Tax= 22200\ x\ \dfrac{30}{100}\\\\\rm Income\ Tax= \$6600\)

So, total taxation as per the new policy will be $9600. Now comparing the taxation of old scheme with new scheme, we get,

\(\rm Income\ Tax\ Savings= Old\ Taxation - New\ Taxation\\\\\rm Income\ Tax\ Savings=10550-9600\\\\\rm Income\ Tax\ Savings=950\)

So, the total taxes saved are $950 when the taxation rate changes.

Hence, the correct statement is that tax savings of $950 is possible when the authorities change the taxation rates to such slab rates by Caroline.

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If the export value of American educational institutions is more than twice that of America’s top agricultural export, and supports 455,000 jobs, we can conclude that
Multiple Choice
A. exports of higher education represent an important component of the U.S. economy.
B. exports of higher education are paid for in foreign currencies effectively bypassing EXIM bank requirements.
C. American universities have been recruiting foreign students to the detriment of U.S. students.
D. exports of higher education will continue to grow without export assistance.
E. U.S. taxpayer dollars are being spent in foreign countries rather than domestically.

Answers

The export value of American educational institutions is more than twice that of America's top agricultural export and supports 455,000 jobs. As a result, we can conclude that exports of higher education represent an important component of the U.S. economy. The correct option is (A).

Exports of higher education represent an important component of the U.S. economy because the export value of American educational institutions is more than twice that of America's top agricultural export, which supports 455,000 jobs. In 2015, 974,926 international students attended American colleges and universities, contributing $35.8 billion to the economy in the form of tuition, room and board, and other expenses. For each job supported by foreign students, three jobs are created or supported, according to NAFSA.

The correct option is (A).

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The following information is available for Pacilio Security Services, Incorporated for Year 1 , its first year of operations. Pacilio provides security services for local sporting events. The following summary transactions occurred during Year 1 : 1. Acquired $6,000 from the issue of common stock. 2. Borrowed $5,000 from the Small Business Government Agency. The loan is interest-free. 3. Performed security services at local sporting events during the year for $9,000 cash. 4. Paid salaries expense of $3,000 for the year. 5. Purchased land for $4,000. 6. Paid other operating expenses of $2,000 for the year. 7. Paid a cash dividend to the shareholders of $2,500. 8. The market value of the land was determined to be $4,500 at December 31 , Year 1. Required a. Show the effects of the events on the financial statements using a horizontal statements model given below. In the Cash Flows column, use OA to designate operating activity, IA for investing activity, and FA for financing activity. b. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. c. Indicate whether the transaction increases (+), decreases (−), or increases and decreases (+/−) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity. The first transaction is recorded as an example

Answers

The transactions impact the financial statements by influencing assets, liabilities, stockholders' equity, revenues, expenses, and dividends, while the cash flows are categorized as operating (OA), investing (IA), or financing (FA) activities based on the nature of each transaction.

What are the effects of the transactions on Pacilio Security Services' financial statements and the cash flow activities?

The provided information relates to the financial transactions and statements of Pacilio Security Services, Incorporated for its first year of operations, Year 1. The transactions and their effects on the financial statements are as follows:

Financial Statements for Year 1:

Income Statement:  Revenues: $9,000  Expenses: $3,000   Net Income: $6,000

Statement of Changes in Stockholders' Equity:Common Stock: +$6,000 (from issuance of stock)  Retained Earnings: +$6,000 (net income) - $2,500 (dividend payment) = $3,500

Balance Sheet (at December 31, Year 1): Assets: Cash $11,500, Land $4,500 Liabilities: Borrowings $5,000  Stockholders' Equity: Common Stock $6,000, Retained Earnings $3,500

Statement of Cash Flows:  Operating Activities: $6,000 (net income) - $3,000 (salary expense) = $3,000 Investing Activities: -$4,000 (land purchase) + $500 (land valuation) = -$3,500   Financing Activities: $6,000 (common stock issuance) + $5,000 (borrowing) - $2,500 (dividend payment) = $8,500

Transaction Effects on Financial Statements:

Issuance of stock: Increases assets and stockholders' equity.Borrowing: Increases assets and liabilities. Service revenue: Increases assets, revenues, and stockholders' equity. Salary expense: Decreases stockholders' equity.Land purchase: Increases assets and liabilities. Operating expense: Decreases stockholders' equity.Dividend payment: Decreases stockholders' equity. Land valuation: Increases assets.

The Cash Flow column designates the cash flows as Operating Activity (OA), Investing Activity (IA), or Financing Activity (FA) in accordance with the nature of each transaction.

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Which of the following is an example of a foreign direct investment (FDI)?

1. A company in the United States sells payroll software to companies in Western Europe.

2. Continental Wire Company buys real estate in New Zealand to build a new factory.

3. An appliance manufacturer hires a new regional sales manager to serve countries in Latin America.

4. A US medical supply company and a hospital in Greece join forces to create a new business.

Answers

An example of a foreign direct investment is when Continental Wire Company buys real estate in New Zealand to build a new factory. Option 2.

What is foreign direct investment about?

Companies or governments considering foreign direct investment (FDI) generally look for target firms or projects in open economies with a skilled workforce and above-average growth prospects. Fairer government regulation is also valued. FDI is frequently more than just capital investment.

Management, technology, and equipment may also be provided as part of the investment. Foreign direct investment has the important feature of establishing effective control of the foreign business or at least significant influence over its decision making.

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Where are the industrial centers in the united states?

Answers

The major industrial centres in the united states are:-

(i) Southern New England

(ii) Mid-Atlantic States

(iii) Pittsburgh-Lake Erie Region

(iv) Detroit Industrial Region

(v) Lake Michigan Region

(vi) Southern Appalachian Region

(vii) Eastern Texas

Where are the industrial centres in the united states?

The industrial centres of the Middle West and of the Pacific coast are more recent.

The North American continent has many great industrial centres and a few industrial regions. This is partly the consequence of the widespread nature of the resources of the continent, and partly because of the late date at which industrialisation took place.

The devel­opment of transport facilities and in recent years the generation and transmission of hydroelectric power have tended to cut industry adrift from the coalfields It is now having few areas of large-scale concentration.

More modern industrial hubs can be found on the Pacific coast and in the Middle West.

There are a few industrial regions and several excellent industrial hubs on the continent of North America. The vast nature of the continent's resources and the later-than-expected timing of industrialization are both contributing factors to this.

The industry has tended to become dispersed from the coalfields due to the development of transportation infrastructure and, more recently, the generation and transmission of hydroelectric power. There are now just a few big concentrations of it.

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Cullumber Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail
Beginning inventory $ 319000 $495000
Purchases 1070000 1750000
Freight-in 22500 —
Employee discounts — 7800
Net markups — 56000
Net markdowns — 79000
Sales revenue — 1590000
The ending inventory at retail should be
$640300.
$624200.
$669700.
$703200.

Answers

Once the cost-to-retail ratio is known, the ending inventory at retail can be converted to ending inventory at cost.The ending inventory at retail for Cullumber Co. is B) $624,200.

Conventional retail inventory method: This method uses the ratio of the cost of goods available for sale to the total retail price of goods available for sale to determine the cost-to-retail ratio.

Let’s calculate the cost-to-retail ratio:

Cost-to-retail ratio = Cost of goods available for sale ÷ Retail price of goods available for sale

Cost of goods available for sale = Beginning inventory + Purchases + Freight-in - Employee discounts

= $319,000 + $1,070,000 + $22,500 - $7,800

= $1,403,700 Retail price of goods available for sale

= Beginning inventory + Purchases + Net markups - Net markdowns

= $495,000 + $1,750,000 + $56,000 - $79,000

= $2,222,000 Cost-to-retail ratio

= $1,403,700 ÷ $2,222,000

= 0.631 (rounded to three decimal places)

Ending inventory at retail = Sales revenue + Ending inventory at cost - Beginning inventory at cost

= $1,590,000 + Ending inventory at cost - $319,000

= $1,590,000 + Ending inventory at cost - $319,000Ending inventory at cost

= Ending inventory at retail - Cost complement

Ending inventory at cost = $2,222,000 - $624,200 × 0.631

= $2,222,000 - $393,718= $1,828,282 (rounded to the nearest dollar)

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Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills

Please select the best answer from the choices provided A B C D

Answers

Answer:

C. Listening skills

Explanation:

By listening to a customer, you can determine what they want.

Improving listening skills can help you better understand and help customers.

I hope this helps.

Answer: C edge 2021

Explanation:

ur a real one :)

Trade Barrier protect jobs? True or false

Answers

Answer:

your awnser is false if im wrong messages me:)

What do we call a business that focused on building products that meet consumers' needs?

Answers

Answer: Market oriented business

Explanation:

Market orientation refers to the business philosophy whereby companies identifies the needs of their customers and make products that meet such needs or wants.

A business that's using market orientation will research the current trends in the market and make products that meet them. Strong brands use market orientation approach to meet customers needs.

What are the different systems of management in buisnesas.

Answers

Answer: Answer: Different types of management systems ranging from the point-of-sale systems, accounting systems, lead management, e-commerce, communication systems

Explanation:

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