Answer: Industry Knowledge.
Explanation:
Industry knowledge involves knowing a business' target market very well, knowing the latest trend and customers preferences in the market. Industry Knowledge can give a business competitive advantage in a market. Robert is acquiring industry knowledge to give him a better chance of gaining the sales job.
Answer: Private water system
Explanation: The dynamic between public and private systems has always been interesting, especially in the case of water and wastewater systems. Public water systems are usually non-profit entities managed by local or state governments, for which rates are set by a governingThough rates are monitored by a state’s public commission, private systems are not necessarily subject to this regulating board. Additionally, the difference between public and private is not always distinct, as we sometimes see in Public-Private Partnerships. On the other hand, private water systems can be for-profit systems managed by investors or shareholders. The water supply system may provide water under contract to a municipality, region, or single property is the private water system utility under a public-private partnership .
decrease in equilibrium price and a decrease in equilibrium quantity
increase in equilibrium price and an increase in equilibrium quantity
increase in equilibrium price and an ambiguous effect on equilibrium quantity
decrease in supply
Answer:
The correct answer is decrease in equilibrium price and a decrease in equilibrium quantity.
Explanation:
The supply being constant, a decrease in demand will cause the demand curve to shift to the left while the supply curve will remain the same.
The new demand curve will intersect the supply curve at a lower point. This rightward shift in the demand curve will cause both the equilibrium quantity as well as the equilibrium price to fall.
Answer:
D. $375,000
Explanation:
given data
Purchases during the year = $12.0 million
Shipping costs from overseas = 1.5 million
Shipping costs to export customer = 1.0 million
Inventory at year end = 3.0 million
solution
we get here Seafood Trading’s year-end inventory valuation.
and we know here that shipping cost to export to customers is selling expense but not include the inventory.
so
shipping costs = ( Inventory at year-end ÷ Purchases during the year ) × Shipping costs from overseas ..................1
put here value and we get
shipping costs = [($3.0 million ÷ $12.0 million) × $1.5 million]
shipping costs = $375,000
The Seafood Trading Company should include the shipping costs from overseas ($1.5 million) in its year-end inventory valuation, but it should not include the shipping costs to export customers ($1 million). Therefore, the total amount of shipping costs included in the year-end inventory valuation is $1.5 million.
Seafood Trading Company's year-end inventory valuation must include the cost of getting the merchandise ready to sell, which includes shipping costs. In the context of accounting, these costs are considered part of the 'cost of goods sold' and they should be reflected in the cost of inventory. The shipping costs of $1.5 million from overseas should be included in the inventory cost since these are considered product costs. In contrast, the outbound shipping costs of $1 million to export customers are considered period costs and are not included in the inventory valuation. Therefore, the amount of shipping costs included in Seafood Trading's year-end inventory valuation is $1.5 million.
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