Answer:
$7.38
Explanation:
The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.
Average cost per unit = Total Costs ÷ Units available for sale
= (200 x $7 + 800 x $7 + 600 x $8) ÷ 1,600
= $7.375 or $7.38
The average cost per unit for May is $7.38
Answer:
"b" is not part of the role of a forester.
Explanation:
Answer:
b. greater in the beef market than in the milk market.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is elastic if quantity demanded is more sensitive to changes in price. A small change in price leads to a greater change in quantity demanded.
Demand is inelastic if when price changes, there is little or no change in quantity demanded.
If there's bovine fever which decreases the population of beef cattle by 50 percent, supply would fall and price would rise. As a result of the rise in price, quantity demanded of beef would fall more than the quantity demanded of milk because beef has an elastic demand while milk has an inelastic demand.
I hope my answer helps you
The anwser to this question is b. prepare the statement of the retained earnings
Answer:
Only Statements B and C are positive statements.
Explanation:
Here we are given a set of statements and we have to find out which all are positive statements,
Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence.
The first statement is just an opinion of some person and hence not a positive statement.
The second statement has solid evidence and can be considered as a positive statement.
The third statement is also positive statement.
The fourth is again an opinion and hence is not a positive statement.