If a golf club manufacturer sells a set of golf clubs to a retailer for $1,000, who in turn sells the clubs to a customer for $1,500, then the total output of the industry is $2,500.

Describe the concept of "mutually exclusive" in the context of Markov analysis

What will be an ideal response?

If the balance of supplies at the start of the month was $900 and at the end of the month you had $450 on hand, the adjustment for Supplies would be:

A) $450. B) $550. C) $350. D) $900.