Use the Following Information for Questions

question 21

Multiple Choice

Use the following information for questions
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each.During the period,the company purchased inventory items as follows
Glasgow sold 220 units after purchase 3 for $17.00 each.

-Glasgow's ending inventory under weighted average would be approximately:

• A)$2,361.
• B)$2,340.
• C)$1,980.
• D)$1,998.

Analyze the impact of activity level changes on costs and profitability.

Understand the limitations and assumptions underpinning cost-volume-profit analysis.

Understand the concept and purpose of Maslow’s hierarchy of needs.

Differentiate between content and process theories of motivation.

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Definitions:

Price Elasticity

A measure that describes how the quantity demanded of a good changes in response to a change in its price.

Quantity Supplied

The quantity of a product or service that sellers are ready and capable of offering for sale at a certain price during a designated period.

Demand

The amount of a product or service that buyers are prepared and capable of buying at different price levels within a given time frame.

Inelastic Demand

Refers to a situation where the quantity demanded of a good or service changes little with a change in price.