Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4

Answer:

The quantity of shares of common stock that are outstanding are 2,939,400.

Explanation:

Acording to the data, we have the following:

Shares issued= 2,945,000

Shares issued and outstanding = 5,600

To calculate the quantity of shares of common stock that are outstanding we have to use the following formula:

Outstanding shares = Shares issued-Shares issued and outstanding

Therefore, Outstanding shares= 2,945,000-5,600

                                                  = 2,939,400

Answer:

Cost of goods sold $28,875

Ending inventory $1,125

Explanation:

Calculation for cost of goods sold and ending inventory

Cost of goods sold is calculated using this formula

Cost of goods sold=Sales units *Purchased per units

Let plug in the formula

Cost of goods sold=385 units *$75 per unit

Cost of goods sold=$28,875

Calculation for the ending inventory using this formula

Ending inventory=(Purchased units * purchased per unit) -Cost of goods sold

Let plug in the formula

Ending inventory=(400 units× 75 per unit) -$28,875

Ending inventory=$30,000-$28,875

Ending inventory=$1,125

Therefore the Cost of goods sold will be $28,875 while the Ending inventory will be $1,125

Answer:

The correct answer is (B) Price.

Explanation:

The price is a marketing variable that comes to synthesize, in a large number of cases, the commercial policy of the company. On the one hand, we have the needs of the market, set in a product, with certain attributes; on the other, we have the production process, with the consequent costs and profitability objectives set. That is why the company must be in charge, in principle, of setting the price it deems most appropriate.

For the potential customer, the value of the product is expressed in objective and subjective terms, since it has a very particular scale when computing the different attributes of which it is composed, hence the denomination of expensive or cheap it gives them. However, for the company the price is a very important element in its marketing mix strategy, along with the product, distribution and promotion.

Answer:

Price elasticity of demand = 0

Explanation:

The price elasticity of demand is zero because Shep's demand for lattes is perfectly inelastic since an alteration in price (i.e., half-price Mondays) does not affect consumption in the slightest, which means that he will always consume exactly one latte every morning regardless of price.

Answer: Sinto will likely need an environmental impact statement.

Explanation: An environmental impact statement is a statement that is required when an activity that will affect the human environment is about to be carried out. This statement highlights the pros and cons of the activity that is to be carried out in the environment. Like in the question, a 300-mile toll road that will run through federal land will definitely have an impact on the environment, hence the requirement for an environmental impact statement.