Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2016, the records indicate the following data:$ in 000s Cost RetailBeginning inventory 79 124Purchases 670 1,005Freight in on purchases 29 Purchase returns 2 3Net markups 3Net markdowns 7Net sales 915Use the retail method to approximate cost of ending inventory in each of the following ways:Average costConventiona

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?