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Exercise 1) Evaluation of Inventory: A company has collected the following data from the purchase and use of heating fuel from its Business Statistics department for inventory management of the previous year: Date Amount purchased (liters) Purchase Price (EUR/liter) 12.1.2006 15000 0,80 14.2,2006 20000 0,75 25.3.2006 6000 0,81 28.6.2006 18000 0,90 29.8.2006 33000 0,76 Date Amount used/consumed (liters) 30.9.2006 7000 31.10,2006 23000 30.11.2006 9000 31.12.2006 11000 a) Calculate the cost/use of material sold for the material(energy): Based on the following evaluation methods: - FIFO - HIFO - LIFO - average price b) Book the transaction for the consumption of the fuel at the 31.12.2006 (1.1.-31.12.2006) correctly by using the FIFO-method and indicate the effect on the profit! (All the purchases of the fuel have been recorded yet!)
suppose that two players are playing the following game.nbsp player a can choose either top or bottom and player b can
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
When measuring costs, it is important to keep in mind of one of the Ten Principles of Economics: The cost of something is what you give up to get it.
A policy may yield a Pareto superior outcome so long as the gains to those who benefit are greater than the losses to those who are worse off.
The demand curver for your firms product is linear.Based on recent sales data you have determined that at the current price the price elasticty of demand is .80. A. Is the current price on the upper or lower portion of the demand curve
the demand in japan for new automobiles is elastic and sensitive to market prices. given that describe the effect of
you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
questionone particularly difficult aspect of analyzing the likely effectiveness of a new benefits program lies in
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suppose you are a manager of a firm that produces products x y and z.you know that there are two different types of
1. suppose you have 24 to spend on either tea t or sugar s. sugar costs .10 per and tea costs .60 per cup
Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
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