Hoover Company purchased two identical inventory items. The item purchased first cost $39.50. The item purchased second cost $43.75. Then Hoover sold one of the inventory items for $70. Based on this information:

a. the amount of ending inventory is $43.75 if Hoover uses the LIFO cost flow method.

b. the amount of gross margin is $28.38 if Hoover uses the weighted average cost flow method.

c. the amount of cost of goods sold is $43.75 if Hoover uses the FIFO cost flow method.

d. the amount of cost of goods sold is $39.50 if Hoover uses the LIFO cost flow method.

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?