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DOP =Date of Purchase UP=Units Purchased CPU=Cost Per Unit 1. Solve the problem using the information given in the table and the weighted-average inventory method. Round to the nearest cent. Calculate the average unit cost. Beginning Inventory 25 Cost Per Unit $32.12 March 1/ 70 UP/ $25.24 CPU/ June 1/ 65 UP/ $36.24 CPU/ August 1/ 40 UP/ $20.81 CPU/
The constant price elasticity of demand for cigarettes has been estimated to be -0.5. To reduce smoking by 50%, approximately how much tax needs to be added to a $1 pack?
Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?
Assume that you were ready to buy a custom tailored dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. When you arrive at the tailor shop, ..
which cumulative expenditures are increased. Raising taxes also government expenditure by the same amount such which cumulative provide is decreased also cumulative demand is increased.
You live in a small town with basic medical care facilities and a couple of general practitioner physicians. One of the physicians has said that your cousin needs to be seen by a specialist. However, the nearest specialist is 3000 miles away, on the ..
Knowing that Drought and unreliable precipitation dominate natural environments in North Africa/Southwest Asia and that the A realm is the source of three world religions: Judaism, Christianity, and Islam answer the following questions using an envir..
Consider a consumer with utility function u(x1,x2) = x1x2 and income m who faces given prices p1 and p2. Draw the new budget constraint, optimal choice and indifference curve going through this optimal choice. What is the effect of the increase in pr..
What types of assets might a small business have? What types of debts (liabilities) might a small business have? What does a current ratio measure, and how do you calculate it?
Explain the potential role that the DOJ's leniency program might have on prosecutions and incentives for price fixing.
Smallville is suffering annual losses of taxable properties and property values of 1% each. Even so, Smallville must maintain its tax collections at a constant value of $3.2 million to maintain services. What is the required rate of increase in the t..
In Japan and a number of European Countries, the antitrust laws were once much less severe than those in the United States. Do you think that this difference helped or harmed American Industry in its efforts to compete with foreign producers? Why?
List a few major challenges YOU THINK would impact the future economic well being of the United States. Explain why these are crucial challenges and how they can be overcome. Your response MUST make references to short term fluctuations as well as lo..
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