The goal of a penetration pricing strategy is to generate profit and establish a new product or service in the market as quickly as possible.
Here's a step-by-step explanation of this approach:Set a low initial price: In a penetration pricing strategy, a company sets a low price for its new product or service to attract customers and gain market share quickly.Attract price-sensitive customers: The low price appeals to price-sensitive customers, making them more likely to try the new product or service. This helps the company build its customer base.Achieve economies of scale: As sales increase, the company can achieve economies of scale, which means the cost of producing each unit decreases as the quantity produced increases. This allows the company to maintain its low price and remain competitive. Build market share: By attracting a large customer base, the company is able to quickly establish a presence in the market and build market share.Create brand awareness: As more customers try the new product or service, the company's brand becomes more widely recognized. This increased brand awareness can lead to customer loyalty and further market penetration.Increase profitability: As the company establishes its product or service in the market, it can gradually increase the price to generate more profit while still maintaining its market share.In summary, a penetration pricing strategy aims to quickly generate profit and establish a new product or service in the market by setting a low initial price, attracting price-sensitive customers, achieving economies of scale, building market share, creating brand awareness, and ultimately increasing profitability.For more such question on pricing strategy
https://brainly.com/question/27124956
#SPJ11
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
_____________________ generally, shows the units of the organization that will be responsible for the various work elements of the project outlined in the work breakdown structure (WBS)
Group of answer choices
a. Responsibility Matrix
b. Scope of Work
c. Project Scope Statement
d. Organizational Breakdown Structure (OBS)
The correct answer is d. The Organizational Breakdown Structure (OBS) generally shows the various work elements of the project outlined in the Work Breakdown Structure (WBS).
The OBS is a hierarchical structure that visually represents the organization's departments, teams, or units, and their relationships to one another. It helps to define the reporting structure and responsibilities within the organization for project management purposes.
By using the OBS, project managers can clearly identify which units or individuals are accountable for specific work elements in the project. This helps in assigning tasks, allocating resources, and tracking progress throughout the project's lifecycle.
For example, let's say we have a construction project. The OBS would illustrate the different units within the organization, such as the engineering team, procurement team, construction team, and quality assurance team. Each unit would be responsible for specific work elements related to their expertise.
In summary, the Organizational Breakdown Structure (OBS) is a useful tool for mapping out the units or departments of an organization and their responsibilities in relation to the work elements of a project outlined in the Work Breakdown Structure (WBS).
To know more about Organizational Breakdown Structure visit:
https://brainly.com/question/33757914
#SPJ11
Miranda purchases a discount bond that promises to payout
$12,400 exactly 6 years from today. Assume the interest rate is 9%.
If Miranda holds the bond for 4 years and then sells it, what price
will s
The price of the bond after 4 years is approximately $9,441.50.
How to find the price of the bondTo calculate the price of the bond after 4 years, we need to find the present value of the bond. The present value of a bond is the value of the bond today, taking into account the future cash flows and the time value of money.
The formula for present value of a bond is:
PV = C / (1 + r)^n
Where
PV = Present Value
C = Cash Flow = $12,400
r = Interest Rate = 9%
n = Number of Periods = 6 years - 4 years = 2 years
Substituting these values into the formula
PV = $12,400 / (1 + 0.09)²
PV ≈ $9,441.50
Therefore, the price of the bond after 4 years is approximately $9,441.50.
Learn more about price of bond at
https://brainly.com/question/31946014
#SPJ4
zac peterson’s estate reports the following information: value of estate assets $ 2,300,000 conveyed to spouse 1,000,000 conveyed to children 230,000 conveyed to trust fund for benefit of cousin 500,000 conveyed to charities 260,000 funeral expenses 23,000 administrative expenses 41,000 debts 246,000 what is the taxable estate value?
The taxable estate value for Zac Peterson's estate is $0 after subtracting expenses and conveyances from the value of estate assets.
To determine the taxable estate value, we need to subtract certain expenses and conveyances from the value of the estate assets.
Starting with the value of estate assets ($2,300,000), we subtract the following:
- Conveyed to spouse: $1,000,000
- Conveyed to children: $230,000
- Conveyed to trust fund for benefit of cousin: $500,000
- Conveyed to charities: $260,000
- Funeral expenses: $23,000
- Administrative expenses: $41,000
- Debts: $246,000
Calculating the taxable estate value:
$2,300,000 - $1,000,000 - $230,000 - $500,000 - $260,000 - $23,000 - $41,000 - $246,000 = $ 0 Therefore, the taxable estate value is $0.
Learn more about assets here:
https://brainly.com/question/30764400
#SPJ11
In deciding whether to start their business, the founders of Netflix needed to determine if there were enough people interested in renting their DVDs through the Internet to make their investment worth the time and effort. They needed to determine the ________ of the venture. a.expediency
b.feasibility
c.practicality
d.viability
As the founders needed to determine if there were enough people interested in renting their DVDs through the Internet to make their investment worth the time and effort. They needed to determine the feasibility of the venture.
What does a venture feasibility means?Venture feasibility refers to the assessment of the viability and potential success of a new business or project before investing time and resources into it. It involves analyzing various factors, such as market demand, competition, financial projections, available resources, legal and regulatory requirements, and potential risks and challenges.
The purpose of venture feasibility is to determine whether a proposed business idea is worth pursuing and whether it has the potential to achieve its goals and objectives. A thorough feasibility analysis can help entrepreneurs and investors make informed decisions and avoid costly mistakes.
Read more about feasibility
brainly.com/question/14842003
#SPJ1
(table: cooking time) the table provides data on how long it takes marla and jason to cook lasagna and cook chicken curry. Table: Maria and Jackson Hours it takes to cook: Lasagna Chicken Curry
Marla 4 3
Jason 3 1
Marla's opportunity cost of making lasagna is _, and Jason's opportunity cost is .75 of an hour; .33 of an hour 1.75 of a chicken curry; .33 of a chicken curry 1.33 hours; three hours 1.33 chicken curries; three chicken curries
Marla's opportunity cost of making lasagna is 1.33 chicken curries. This means that if Marla spends 4 hours making lasagna, she could have instead made 1.33 chicken curries in that same time.
Opportunity cost refers to the value of the next best alternative that is forgone when making a decision. It is the cost of choosing one option over another and represents the benefits or opportunities that could have been gained from choosing the alternative option.
Jason's opportunity cost of making lasagna is 0.75 of an hour. This means that if Jason spends 3 hours making lasagna, he could have instead used that time for other activities worth 0.75 of an hour.
Learn more about opportunity cost here:
https://brainly.com/question/30669062
#SPJ12
Sergio needs to reach his supervisor as soon as possible to make a decision about an important client who is threatening to take their business elsewhere if they do not get an immediate response. What is the MOST logical channel of communication for Sergio to use to contact his supervisor and why?
Answer: The most logical channel of communication for Sergio to use to contact his supervisor would be a phone call or an instant messaging service. This is because phone calls and instant messaging allow for immediate, real-time communication. Sergio needs to reach his supervisor as soon as possible to make a decision about an important client and these two channels of communication allow for the fastest and most direct form of communication. Email or text message may take longer for the supervisor to receive and respond to, which would not be ideal for Sergio's situation.
Explanation:
Mr James Lucky is a British investor who expects the Japanese Yen (JPY) to depreciate by 3.15% against GBP over the next year. The interest rate on one-year risk-free bonds is 2.5% in the United Kingdom and 6.25% in Japan. The current exchange rate is GBP:JPY = 155.49.
i) Calculate the foreign currency risk premium from Mr Lucky’s viewpoint. Provide your workings and full calculations, when answering this question. [5 marks]
ii) Calculate the return on the Japanese risk-free bond from Mr Lucky’s viewpoint, assuming that his expectations are met. Provide your workings and full calculations, when answering this question.
The return on the Japanese risk-free bond from Mr. Lucky's viewpoint, assuming his expectations are met, is approximately 9.4%.
i) To calculate the foreign currency risk premium from Mr. Lucky's viewpoint, we need to compare the difference in interest rates between the two countries with the expected depreciation of the Japanese Yen against GBP.
Given:
Expected depreciation of JPY against GBP: 3.15%
Interest rate on one-year risk-free bonds in the UK: 2.5%
Interest rate on one-year risk-free bonds in Japan: 6.25%
Current exchange rate: GBP/JPY = 155.49
Step 1: Calculate the difference in interest rates between the two countries.
Interest rate difference = Interest rate in Japan - Interest rate in the UK
Interest rate difference = 6.25% - 2.5%
Interest rate difference = 3.75%
Step 2: Convert the expected depreciation from a percentage to a decimal.
Expected depreciation = 3.15% / 100
Expected depreciation = 0.0315
Step 3: Calculate the foreign currency risk premium.
Foreign currency risk premium = Interest rate difference + Expected depreciation
Foreign currency risk premium = 3.75% + 0.0315
Foreign currency risk premium = 3.7815%
Therefore, the foreign currency risk premium from Mr. Lucky's viewpoint is approximately 3.7815%.
ii) To calculate the return on the Japanese risk-free bond from Mr. Lucky's viewpoint, we need to consider the interest earned on the bond and the expected depreciation of the Japanese Yen against GBP.
Given:
Expected depreciation of JPY against GBP: 3.15%
Interest rate on one-year risk-free bonds in Japan: 6.25%
Step 1: Calculate the return on the Japanese risk-free bond.
Return on Japanese bond = Interest rate on Japanese bond + Expected depreciation
Return on Japanese bond = 6.25% + 3.15%
Return on Japanese bond = 9.4%
Therefore, the return on the Japanese risk-free bond from Mr. Lucky's viewpoint, assuming his expectations are met, is approximately 9.4%.
To know more about risk premium, visit:
https://brainly.com/question/32624379
#SPJ11
What is meant by core competency?
The interest rate is 2%. Which of the following would be the best option if you want to buy a new electric car for 10,000 EUR now: (1.5 points) O Pay in cash now and get a 125 EUR cash bonus. O Pay the full price in one year and nothing today. O Pay in cash now and get a 250 EUR cash bonus in one year. O Pay in cash now and get a 1% discount. ← Zurück ILIAS-Prüfungsnummer: 10_T101417_A272764_PO
None of the options are the best one for buying a new electric car for 10,000 EUR with a 2% interest rate.
Option 1: Pay in cash now and get a 125 EUR cash bonus.
The cash bonus of 125 EUR will not be sufficient to cover the interest of 200 EUR (2% of 10,000 EUR) for a year. So, this option is not the best one.
Option 2: Pay the full price in one year and nothing today.
Paying nothing today will lead to losing the advantage of the 2% interest rate. So, this option is not the best one.
Option 3: Pay in cash now and get a 250 EUR cash bonus in one year.
The cash bonus of 250 EUR will not be sufficient to cover the interest of 200 EUR (2% of 10,000 EUR) for a year. So, this option is not the best one.
Option 4: Pay in cash now and get a 1% discount.
The discount of 1% is equal to 100 EUR. Hence, the final price will be 9,900 EUR (10,000 EUR – 100 EUR). On the other hand, if you take a loan of 10,000 EUR with a 2% interest rate, then the total interest paid for a year would be 200 EUR (2% of 10,000 EUR). Therefore, it is better to take the loan with an interest rate of 2% and pay the amount in installments. Hence, none of the options are the best one for buying a new electric car for 10,000 EUR with a 2% interest rate.
Learn more about The cash bonus: https://brainly.com/question/27982981
#SPJ11
5. If you wanted to show how many employees at your office ride a bicycle to work in comparison to the number of employees who drive a car, take public transportation, or walk, what visual would be best? (1 point)
Answer:
a bar graph
Explanation:
A bar graph may be defined as a visual representation of the categorical data or information which is represented by rectangular shape bars with their lengths or height proportional to the values they represent. A bar graph is also known as bar charts.
The rectangular bars can be plotted either vertically or horizontally.
In the context, a bar graph or a bar chart would be the best option to represent the number of employees who ride a bicycle and come to office and compare them to the number of employees who takes a public vehicle, drives a car or even come to office by walking.
what are the two main types of assets typically used as collateral for a short-term business loan?
The two main types of assets typically used as collateral for a short-term business loan are inventory and accounts receivable.
Inventory refers to the goods or products held by a business that are intended for sale. It can be pledged as collateral for a loan because it has tangible value and can be easily liquidated if needed. Accounts receivable, on the other hand, represents the money owed to a business by its customers for goods or services already provided. These outstanding receivables can be used as collateral as they are considered future cash flows. Lenders often require collateral to mitigate the risk associated with providing a loan, and inventory and accounts receivable are common types of assets used in short-term lending to secure the loan amount.
Learn more about short-term business loans here:
https://brainly.com/question/27371691
#SPJ11
today it is difficult to define economies in terms of national borders.
Today it is difficult to define economies in terms of national borders.
Yes, that is true and it is due to globalization.
What is meant by globalization?
Globalization refers to the increased interconnectedness and interdependence of countries through trade, communication, and cultural exchange. This has led to the growth of international trade and investment, as well as the movement of goods, services, people, and ideas across borders.
One of the main effects of globalization has been the growth of transnational corporations (TNCs), which are companies that operate in multiple countries. TNCs often have a significant impact on national economies, and they can contribute to the globalization of markets and industries. This can make it difficult to define economies solely based on national borders, as economic activity and trade flow often cross multiple countries.
In addition, the rise of digital technology has made it easier for companies to operate across borders, further blurring the lines between national economies. For example, e-commerce platforms like Amazon and Alibaba make it easy for customers to purchase goods from around the world, and cloud computing services allow companies to store and process data in other countries.
Another aspect is the movement of people, immigration has become a major global phenomenon. The movement of people brings talent and skills, and also the culture, which can have a huge impact on a country's economy.
Overall, while national borders still play an important role in defining economies, the forces of globalization have made it increasingly difficult to think of economies in terms of national boundaries alone.
To know more about trade visit:
https://brainly.com/question/30285660
#SPJ4
Since water transportation is so much slower than other modes, why do companies choose it?
Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.
Some companies might think it's worth the lost time when they are shipping potentially dangerous products.
The environmental impact of water transportation is lower, so companies can justify its use.
Some companies prioritize cost as their overriding concern for their shipping requirements.
Answer:
i think its d or maybe a
Explanation:
Answer:
ah
Explanation:
i dont know but good luck
Answer:where’s the question?
Explanation:
Why does the US import oil?
A.because it has exported too much oil
B.because it does not produce any oil
C.because it does not produce enough oil
D.because it has exported too little oil
Answer:
C. because it does not produce enough oil.
Explanation:
Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.
Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.
The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.
Answer:
D. Because it does not produce enough oil.
edg 2020.
commodity products such as bulk chemicals, petroleum, steel, and/or sugar do not require much differentiation because the taste and preference for these products are similar all around the world. these products are called
These given Products are called Universal Needs.
What is Universal Needs?
Universal need refers to the number of basic amenities and requirements that are not common to all people living together in a particular location, such as a country.
A universally needed product does not require much differentiation. This is because it can be used to build other products, such as steel, bulk chemicals, and industrial electronics. These products are used in manufacturing other essential products around the world, like industrial equipment, household appliances, transportation, etc.
There are universal needs when consumers within the same nation have similar tastes and preferences. The following are examples of universal needs: food, security, water, electricity, shelter, education, and clothing.
To Learn more about universal needs:
https://brainly.com/question/17237407
#SPJ4
Which of the following are factors that will effect the price of a product?
(Check all that apply)
1. The amount of advertising and communications needed to inform customers
2. The number of businesses in the channel of distribution
3. The level of customer service offered by the business
4. The quantity of a product purchased by a customer
5. Whether the product is fragile or requires special handling
The factors that will affect the price of a product are:
1. The amount of advertising and communications needed to inform customers.
2. The quantity of a product purchased by a customer
3. Whether the product is fragile or requires special handling
What is Pricing?Pricing is the process by which a company determines the price at which it will sell its products and services and can be part of the company's marketing plan.
The process of estimating the quantitative value of a product based on internal and external criteria is known as product pricing. Product price has a direct influence on your company's entire profitability, from cash flow to profit margins to client demand.
Learn more about Pricing at:
https://brainly.com/question/20927491
#SPJ1
Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
Answer:
A. Passionate
Explanation:
Hope this helps
Answer: independence
Explanation:
An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
Read more about business at:
https://brainly.com/question/26106218
#SPJ1
Complete question:
State An innovative business idea that no one has never had
The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the negative of the slope of the total output curve at the relevant point. the slope of the line connecting the origin with the relevant point on the total output curve. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.
true false Title VII of the Civil Rights Act prohibits job discrimination on the basis of income.
it is false that Title VII of the Civil Right Act prohibits job discrimination on the basis of income.
The Civil Rights Act (1964) is a Federal law that prohibits the discrimination of people on the basis of race, color, religion, sex etc
The Title VII of the Civil Rights Act provides that "the legislation prohibits employment discrimination based on race, color, religion, sex and national origin".The The Civil Rights Act (1964) does not proivide leglslative on the basis of Income of an individual
Therefore, it is false that Title VII of the Civil Right Act prohibits job discrimination on the basis of income.
Read more about Civil Rights Act here
brainly.com/question/21899192
PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
Which are Career and Technical Student Organizations? Select six options.
Business Professionals of America
American Association of School Administrators
American Chemical Society
DECA
Future Business Leaders of America
FFA
Skills USA
FCCLA
The Career and Technical Student Organizations are Business Professionals of America, DECA, Future Business Leaders of America, FFA, SkillsUSA, and FCCLA.
Career and Technical Student Organizations (CTSOs) are extracurricular groups that provide students with opportunities to develop leadership skills, explore career pathways, and enhance their technical and professional abilities. Out of the options provided, the six CTSOs are:
1. Business Professionals of America (BPA): BPA focuses on developing business and leadership skills among students, with a focus on careers in business, finance, marketing, and information technology.
2. DECA: DECA is an organization that prepares students for careers in marketing, management, and entrepreneurship. It offers competitions, leadership development, and networking opportunities.
3. Future Business Leaders of America (FBLA): FBLA is a student organization that helps students develop leadership and business skills. It offers a wide range of competitive events and programs related to business and entrepreneurship.
4. FFA (formerly known as Future Farmers of America): FFA is an organization that promotes agricultural education and provides opportunities for students interested in agriculture, food science, and natural resources to develop leadership skills and career readiness.
5. SkillsUSA: SkillsUSA focuses on career and technical education, offering students opportunities to develop trade-specific skills, compete in various technical events, and participate in leadership activities.
6. FCCLA (Family, Career, and Community Leaders of America): FCCLA aims to help students develop leadership skills and prepare for careers in family and consumer sciences. It focuses on areas such as culinary arts, early childhood education, fashion design, and hospitality management.
These organizations provide students with valuable experiences outside of the classroom, allowing them to apply their skills, connect with industry professionals, and explore potential career paths within their respective fields.
Know more about the FFA here:
https://brainly.com/question/31912909
#SPJ8
What is TRUE about standards that are used to evaluate employee job performance?
Standards used to evaluate employee job performance should be clear, specific, measurable, and objective.
Standards to evaluate employee -They should be based on the job description and expectations for the role. The standards should also be communicated to employees in advance so they know what is expected of them. Additionally, standards should be applied consistently across all employees to ensure fairness and avoid bias. Finally, standards should be reviewed regularly to ensure they are still relevant and effective in evaluating job performance.
The Fair Labor Standards Act (FLSA) is a United States law designed to protect workers from certain unfair wage practices. As such, the FLSA establishes various labor regulations related to interstate employment in commerce, including minimum wages, overtime pay requirements, and restrictions on child labor.
To know more about evaluation of employees -
https://brainly.com/question/29428658
#SPJ1
What are the key components of an effective goal-setting phase in the hr planning process?.
The key components are
Identifying a deadline for the ultimate outcome.
determining a specific number of jobs needed in a specific category.
What are the steps in an HR planning process select all that apply?The HRP process is divided into four broad steps: identifying the present employee supply, forecasting the workforce, balancing labor supply and demand, and creating plans that support the company's objectives.
Assessing your current employees is the first stage in the human resource planning process. It's critical to recognize the talent you already have on hand before taking any steps to expand your company's workforce. Create a list of each employee's talents that you now have.
To learn more about planning process refer to:
https://brainly.com/question/1985202
#SPJ4
is illuminati confirmed
Answer:
no because there is no prove confirm its place in our world.
Explanation:
i like cheese
to maximize economic surplus, keep increasing output as long as
Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product
Explanation: i no it
For augment economic surplus, continue to increment yield insofar as total surplus is expanded when the cost rises to the market harmony cost.
What is Economic Surplus?Economic surplus is determined by consolidating the surplus advantage that is capable by the two purchasers and makers in an economic exchange.
Surplus relates to products as well as to monetary components, like benefit, income, and capital. Albeit this probably won't give off an impression of being an issue, something like benefit surpluses prompts expanded charge rates, and that additional duty cash might have been contributed somewhere else.
A surplus of capital focuses to the way that the financial backer, entrepreneur, or pioneer put a lot of cash into the organization or task, considering squandered money to be a normal outcome. In economics, the idea of surplus is generally found in the term spending plan surplus. This ordinarily alludes to situations where state run administrations have supported all their set projects and have cash left over subsequently.
Therefore economies actually take a stab at an economic surplus because of the conviction that overflow is superior to shortage.
Learn more about Economic surplus here:
brainly.com/question/12953484
#SPJ2
Jimmie’s Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June 2015. Jimmie’s Fishing Hole uses a periodic inventory system.
Date: Transactions: Units: Cost per Unit: Total Cost:
June 1 Beginning inventory 16 $180 $2880
June 7 Sale 11
June 12 Purchase 10 170 1700
June 15 Sale 12
June 24 Purchase 10 160 1600
June 27 Sale 8
June 29 Purchase 8 150 1200
_____________
$7380
1) Using FIFO, calculate ending inventory and cost of goods sold at June 30, 2015.
Ending inventory:
Cost of goods sold:
2) Using LIFO, calculate ending inventory and cost of goods sold at June 30, 2015
Ending inventory:
Cost of goods sold:
3) Using weighted-average cost, calculate ending inventory and cost of goods sold at June 30, 2015. (Round your intermediate and final answers to 2 decimal places.)
Ending inventory:
Cost of goods sold:
The most recent purchases are assumed to be sold first, so the ending inventory will include the remaining units from the last purchase. Therefore,
The cost of goods sold is calculated by adding up the cost of the units sold during the month. Cost of goods sold = (Units sold on June 7 + Units sold on June 15 + Units sold on June 27) * Cost per unit Cost of goods sold = $31,560 The oldest purchases are assumed to be sold first, so the ending inventory will include the remaining units from the first purchase. Therefore, the ending inventory is 6 units.
Learn more about purchase here;
https://brainly.com/question/31035675
#SPJ11
Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?
Answer:
spend money on bills first then food then save the leftover money for later