What is meant by differemtial outcomes in regards to Diversity-validity dilema

Answers

Answer 1

The meaning of differemtial outcomes in regards to Diversity-validity dilema is the tradeoff between the selection of valid predictors  a regards the employee performance.

What is diversity-validity dilemma?

The diversity-validity dilemma can be described as the adverse impact  that do occur through the selection decisions that is been focused on the  selection tool .This focus on the tradeoff that exist between the valid predictors of employee performance .

It should be noted that the differential outcomes effect  can be described as the theory in behaviorism, which is been used in the psychology field,  and this help to display the positive effect with respect to the accuracy which can be found in the discrimination of learning.

In conclusion, this can be seen in the different stimuli  in a case whereby there is a rewards which is been paired with each individual stimulus together so as to arrive at a common juncture.

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Related Questions

an example of a regressive tax is

Answers

Answer:

Taxes on most consumer goods, sales, gas, and Social Security payroll.

Taxes on most consumer goods, sales, gas, and Social Security payroll are examples of regressive taxes. Pigouvian and sin taxes are specific types of regressive taxes

if the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. this is known as ________________.

Answers

Answer:

Explanation:

If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied by an amount known as excess demand or deficit supply. This is known as price ceiling.

if the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. this is known as excess demand or deficit supply. This is known as the price ceiling.

What is Equilibrium?

When economic forces are in balance, there is said to be an economic equilibrium. In the absence of outside influences, economic variables essentially hold true to their equilibrium levels. Market equilibrium and economic equilibrium are two different concepts.

Market equilibrium is described as the price at which supply and demand are equal in basic microeconomics. As a result, it is a location where the theoretical supply and demand curves.

hence, if the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. this is known as excess demand or deficit supply. This is known as the price ceiling.

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Your manager is very concerned about the cost of hiring the three new employees needed for your unit. As a result, she doesn’t want to post the advertisement in a variety of places; she thinks it’s best to just use a “refer a friend” recruitment strategy. When she moves forward with this strategy, ten people turn in résumés. Upon looking further, it appears all applicants went to the same private religious college and graduated around the same time. You are concerned that this method of recruitment lacks diversity. 1. How would you handle this matter with your manager?

Answers

It can handle as per three main steps to creating diversity plans, Assessment of diversity, Development of the diversity plan and Implementation of the plan.

What does recruiting strategy entail?Using a recruiting strategy, you should be able to find, attract, and hire the best individuals for your open roles. These are some basic guiding ideas that will help you locate the job seekers you require.The procedure entails determining the business's personnel needs, recruiting and locating qualified people, interviewing, screening, and hiring applicants. The duration of the procedure might range from a few days to several weeks or months, depending on the needs of the organization.

Here are our four suggestions for luring the top applicants:

1) First, develop a strong employee value proposition (EVP).

2) Ensure that any chances for advancement or development are advertised.

3. Make sure your staff are promoting you because they are your best brand ambassadors.

4) Promote the principles of your company.

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Which of the following is not a systematic process of controlling?





Select one:
A.
Establishing standards and methods of measuring performance.
B.
Measuring both quantity and quality
C.
Measuring performance
D.
Determining whether performance matches the standards

Answers

Measuring both quantity and quality (option B) is not a systematic process of control.

What is controlling?

Controlling is described as a process in management, and it is a vital management function. It is important to mention that in the lack of any control process, management will fail to work properly. The management will fail to formulate a plan and work and will be unable to according to the implemented plan.

Measuring just the quantity and the quality, the performance measurement is overlooked. It is the main objective of control is to work as per plan and the level of performance must be by the formulated plan. However, measuring only the quality and quantity will not lead to a systematic process of control.

It can be concluded that measuring both quantity and quality (option B) is not a systematic process of control.

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suppose an economy can produce a maximum of 10 units of good x and the opportunity cost of 1x is always 2y. what is the maximum number of units of good y the economy can produce?

Answers

The value of the next-best option when a choice is made is known as the opportunity cost, according to Andrea Caceres-Santamaria, senior economic education specialist at the St.

What changes as the output of good X grows in terms of the opportunity cost?The law of rising opportunity cost is covered in lesson five. The opportunity cost to producing the additional good will rise as you increase production of one good. First, keep in mind that opportunity cost, or what is given up when a decision is taken, is the worth of the next-best alternative.Applying the following formula, opportunity cost is determined as follows: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on Investment Pursued.Opportunity cost can be used in almost any business decision or financial decision-making process. Business owners and other stakeholders can assess the most valuable and lucrative choice as well as the return of a foregone alternative by using opportunity cost estimates.

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you open an investment account that earns a nominal interest rate of 3.1% per year. the current consumer price index is 205. in one year, the consumer price index is expected to go to 203. what is your expected real rate of return?

Answers

The expected rate of return is 4.08%. The right response is option D

Which projected return rate is ideal?
For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average. There will be years with reduced returns, or even negative returns.

The anticipated value of a financial investment's return is known as the expected return. It is a measurement of the random variable's distribution's centre, which is the return. Although the term "good" is arbitrary, many professionals believe that a good ROI for stock investments is 10.5% or higher. This figure serves as the industry standard because it represents the average return of the S&P 500, an index that measures the general health of the American stock market.


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Correct Question - You open an investment account that earns a nominal interest rate of 3.1% in every year. The current consumer price index is 205. In one year, the consumer price index is expected to go to 203. What is your expected real rate of return?A) 7.12%B) 3.1%C) -0.98%D) 4.08%

the rational model of decision making is considered ______ in that it describes how managers should make decisions rather than how they actually make them.

Answers

Since the rational model of decision-making prescribes how managers should make decisions rather than how they really do, it is regarded as prescriptive.

Since the Instead of offering advice or summarizing what is done, a prescriptive approach entails telling individuals what they should do. rational model of decision-making outlines how rational model managers should make decisions rather than how they actually do, prescriptive it is seen as normative.

Instead than focusing on how managers actually make prescriptive decisions, a normative decision-making approach defines how they should make decisions and offers guidelines for achieving the best possible outcome for the organization.

A descriptive approach, however, focuses on how managers prescriptive actually make decisions as opposed to how they rational model should make decisions in accordance with a theoretical ideal.

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A sample of 39 observations is selected from a normal population. The sample mean is 19, and the population standard deviation is 4. Conduct the following test of hypothesis using the 0.10 significance level.

H0: μ ≤ 18
H1: μ > 18

a. Is this a one- or two-tailed test?

multiple choice 1
One-tailed test
Two-tailed test


b. What is the decision rule?

multiple choice 2
Reject H0 when z > 1.282
Reject H0 when z ≤ 1.282


c. What is the value of the test statistic? (Round your answer to 2 decimal places.)

e-1. What is the p-value? (Round your answer to 4 decimal places.)


e-2. Interpret the p-value? (Round your final answer to 2 decimal places.)

Answers

The test that we have here is a one tailed test. The decision rule is to Reject H0 when z > 1.282. the value of the test statistic is 1.56. The p value is 0.0594

How to solve the problem

a. The question that we have been asked to solve in the problem that we have here has been identified as a one tail test. The first option is correct

b. The decision rule that we are to abide by in the question is Reject H0 when z > 1.282. The first option is the answer here

c. How to solve for The z test statistic calculation

19 - 18 / 4 / √39

= 1.5612

e1. The p value that we have here is 0.059238. The p value was obtained through the use of a statistical software.

e2. The p value is less than 0.10. That is 0.059238 < 0.10 so we have to reject the null hypothesis.

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What was the largest deduction for this pay period? ngpf

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The largest deduction for a pay period is the B. Federal tax.

What is the Federal tax about?

The Internal Revenue Service (IRS) levies a tax on the annual earnings of individuals, businesses, trusts, and other legal entities in the United States.

Wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income are all subject to federal income taxes as part of a taxpayer's taxable income.

Individual federal income tax rates in the United States are progressive, which means that as taxable income rises, so does the tax rate. Federal income tax rates range from 10% to 37% and are levied at various income levels. Tax brackets are the income ranges to which the rates apply. Income in each tax group is taxed at the associated rate.

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What was the largest deduction for a pay period?

Medicare Tax

Federal Tax

State Tax

Retirement

In addition to value, what characteristics are being addressed in a vrio analysis?

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The abbreviation VRIO stands for a four-question framework that considers value, rarity, imitability, and organization when assessing an organization's capabilities and resources. A four-pronged structure of an organization's resources analytical and sustainable success indicators is used in the VRIO analysis.

VRIO emphazises Value, Rarity, Imitability, and Organization as its four key objectives.  These four areas serve as indicators of the distinctive worth and assets that make up your organization, and a review of their data can show you what the long-term benefits are for your firm. an internal analytical tool that businesses use to classify their resources according to whether they exhibit certain characteristics listed in the framework.

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if an organization's board of directors were to set aside assets to be used for replacement of plant and equipment, where would this be reflected on the balance sheet?

Answers

Answer: Assets Limited as to Use

Explanation: These are unrestricted assets whose use is limited by the governing board or contracts or agreements with outside parties other than donors or

Question is in the pictures below.

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1a) The plantwide overhead rate for Precision Manufacturing Inc. is $3.13 per direct labor dollar.

1b) The unit product cost for each product using the plantwide overhead rate is as follows:

                              EX300       TX500

Unit Costs             $14.37        $27.05

2a) The activity rates are as follows:

Activity Rates:

Machine (Machine hours            $1.30

Set up (Setup hours)                   $400

Product-level (No. of products $50,125

General factor (DL dollars)         $0.37

2b) The unit product cost for each product using the activity rates is as follows:

                              EX300        TX500

Unit Costs             $12.13          $37.77

3) The conventional and activity-based costing assignments differ because of the different cost driver bases used in allocating overhead.

Whereas the conventional costing method uses a single cost driver to allocate overheads to products, the activity-based costing technique employs multiple activity cost drivers.

Plantwide Overhead and Unit Cost:

PMI Products                                 EX300            TX500          Total

Direct materials                          $366,325      $162,550       $528,875

Direct labor costs                       $120,000       $42,500        $162,500

Overhead allocated:

Plantwide rate                           $375,600      $133,025 ($42,500 x $3.13)

Total Cost                                  $861,925      $338,075      $1,196,700

Annual production units              60,000          12,500

Unit Costs                                    $14.365       $27.046 ($338,075/12,500)

ABC Overhead and Unit Cost:

PMI Products                                 EX300            TX500          Total

Direct materials                          $366,325      $162,550       $528,875

Direct labor costs                       $120,000       $42,500        $162,500

Overhead allocated:

Activity-based costing rate          241,525      $267,100       $508,625    

Total Cost                                   $727,850     $472,150

Annual production units               60,000         12,500

Unit Costs                                      $12.131        $37.772 ($472,150/12,500)

Plantwide overhead rate = $3.13 ($508,625/$162,500)

Activity Rates:

Machine (Machine hours       $1.30 ($198,250/152,500)

Set up (Setup hours)                 $400 ($150,000/375)

Product-level (No. of products $50,125 ($100,250/2)

General factor (DL dollars)         $0.37 ($60,125/$162,500)

Overhead Allocation to Products:

Activity Cost Pool and Measure      Rate     EX300        TX500

Machine (Machine hours                $1.30   $117,000     $81,250 ($1.3 x 62,500)

Set up (Setup hours)                      $400     30,000     120,000 ($400 x 300)

Product-level (No. of products) $50,125     50,125        50,125 ($50,125 x 1)

General factor (DL dollars)            $0.37    44,400         15,725 ($0.37 x $42,500)

Total allocated overhead costs             $241,525    $267,100

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Question Completion:

Activity cost pools                 Manufacturing    EX300      TX500        Total

(and activity measures)             Overhead

Machine (Machine hours         $198,250        90,000     62,500     152,500

Set up (Setup hours)                  150,000               75           300             375

Product-level (No. of products  100,250                 1                 1                 2

General factor (DL dollars)          60,125    $120,000   $42,500   $162,500

Total                                        $508,625

What doesn't a will list or designate?
A.the executor
B. End of life wishes
C. Assets and property
D. Beneficiaries

Answers

Answer:

Executor

Explanation:

The executor is not part and parcel of the executed plans

Gary is opening a restaurant. Determine whether his costs are fixed or
variable. Use F for fixed and V for variable.

Takeaway boxes
Rent
Credit card bill
Ingredients

Answers

The cost will be:

Takeaway boxes - Variable cost

Rent - Fixed cost

Credit card bill - Variable cost

Ingredients - Variable cost

What are fixed cost?

Fixed Costs are those costs that are immutable i.e they cannot be changed.

Variable Costs are those costs that change or vary with the rate of production. For example, if the production rate increases or decreases, they also increase or decrease. They are also known as a direct cost

Takeaway boxes - V This is because as production or demand increases takeaway boxes will also increase

Rent - F This is because whether  production or demand increases or decreases, the rent remains the same

Credit card bill  -  V This is because as production or demand increases credit card bill will also increase

Ingredients  - V This is because as production or demand increases demand will also increase

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Bree's Bait Shop is a successful store that specializes in highly effective fishing tackle. Bree has employed a high-tech computer
tracking system that allows her to separate her customers into two different groups of consumers with a differing willingness to
pay. Bree is interested in increasing her profits through price discrimination and approaches your marketing firm for advice.
Assuming her demand curve is downward sloping, you tell her there is one more crucial piece of information you must have in
order to advise her.
What do you ask Bree?
Are you currently producing where P = ATC?
What are your total costs?
What is your current price?
O Are you able to prevent the resale of your tackle?

Answers

Option (d) is the best choice. We ask Bree: Are you able to stop your tackle from being sold again?

What is pricing discrimination, and how does it help monopolies make more money?

By maximizing total income, price discrimination often increases the monopoly firm's profit. Instead of setting a flat rate for all clients, a monopolist charges some customers additional prices. Price discrimination among clients with diverse needs helps reduce the danger of establishing a uniformly high price.

How can pricing discrimination boost revenue?

An organization can sell at a significantly higher production thanks to price discrimination. It is therefore using its earlier spare capacity. This enables the company to use its manufacturing factors more effectively. Because of the higher output, the company is able to cut its long-term average costs and raise profits even more.

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The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico that took effect in 1994. It eliminated many tariffs and restrictions to allow free trade among these countries.

Discuss the positive and negative effects of the North American Free Trade Agreement on the United States. Support your conclusions with examples and evidence from the lesson.

Answers

The positive effects that Nafta had was that it

increased trade It brought better prices for goodsIncreased foreign investmentLed to raised output in the nations

The negative effects of NAFTA were:

Mexico lost in the forms of farm jobsNations had to export the farm products below their exported costs

What is NAFTA?

This is the term that is used to refer to the North American free trade agreement that helped to establish free trade in the region between the member nations.

This helped in the removal of tariffs from all that had to do with trade in the North American region.

The positives were that it helped to bring about more economic opportunities for the members involved. They could trade more and better with themselves.

The negatives is from the fact that the exports that were made in some cases were a loss to the people that would export these products in the market at the time.

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Which of the following should be considered last when searching for financing? Question 6 options: Family members Banks Commercial finance companies Credit cards

Answers

Answer:

Credit cards

Explanation:

compounding with different interest rates a deposit of $440 earns interest rates of 8.4 percent in the first year and 10.4 percent in the second year. what would be the second year future value?

Answers

At the end of the first year, the value was $915.49, which was multiplied by 110.3% in the second year.

What does a 5% CAGR represent?

An investment might, for instance, see a value increase of 8% in one year, a value decrease of -2% the following year, and a value increase of 5% the following year. When growth rates are anticipated to be unpredictable and erratic, CAGR aids in smoothing returns.

Are you familiar with Rule 72?

It's a simple method for computing exactly what amount of time it will require for your cash to twofold. Simply divide the number 72 by the anticipated interest rate. You can use that number to estimate how many years it will take for your investment to double.

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What is the future value of 9,541 invested for 29 years at a 0.02 rate?

Answers

Answer:

future value = $9596.50

Explanation:

FV = PV[1 + (i/12)]^12n

the cost of data storage has plummeted recently, making data mining feasible for more firms.

a. True
b. False

Answers

It is true that the cost of data storage has plummeted recently, making data mining feasible for more firms.

What is data storage?

Data storage can be described as the one of the essential part of data management in the organization because management of the data of the firm as well as the data of the client of the organization is very important since any loss as as well as theft of data can be dangerous for the comp[any or the organization.

It should be noted that most of the firm do spend some of their money on the data management especially the telecommunication as well as the IT industries, since the data of their client is very prominent to them as well as their own data.

In conclusion , with the reduction in the cost of the data processing this has encourage so many firms to be able to manage their data very well and ability to handle their data very well.

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lillian applies for a job as the chief financial officer (cfo) of delco corporation. lillian is excited about the opportunity and feels that she has a pretty good chance of getting the position. just to make sure, lillian decides to explore the backgrounds of the decision-makers at delco. if lillian knows their interests, she thinks that might increase her chances of making a good impression in the final interview. the decision-makers who will decide whether or not lillian gets the cfo position at delco corporation include:

Answers

The decision-makers who will decide whether or not Lillian gets the cfo position at delco corporation include: the board of directors.

Who are the board of directors in a company?

The board of directors is the term that is used to refer to the body that would be in the governing council of a company. The members of the board of directors are usually known to be chosen by those that are in the shareholders position in the company. They are those that have invested in the business.

They help to carry out different functions in the company. One of the functions that they help to carry out in the business is that they help to oversee the management of the business that is done in the company and they also carry out management services in the company.

Therefore the people that would have to carry out the function of having to decide on who is going to get the position would be the board of directors especially when they meet for a meeting.

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Complete question

Lillian applies for a job as the chief financial officer (CFO) of Delco Corporation. Lillian is excited about the opportunity and feels that she has a pretty good chance of getting the position. Just to make sure, Lillian decides to explore the backgrounds of the decision-makers at Delco. If Lillian knows their interests, she thinks that might increase her chances of making a good impression in the final interview. The decision-makers who will decide whether or not Lillian gets the CFO position at Delco Corporation include:

a. the shareholders of Delco Corporation.

b. the board of directors.

c. the chief executive officer, secretary, and treasurer of Delco Corporation.

Fanning Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow:

Basco Boards Shimano Boards
Production costs
Direct materials $ 24.50 $ 37.00
Direct labor $ 30.50 $ 52.00
Allocated overhead $ 15.25 $ 19.00
Total units produced and sold 4,500 8,500
Total sales revenue $ 389,250 $ 1,062,500
Fanning allocates production overhead using activity-based costing. It allocates delivery expenses and sales commissions, which amount to $56,500 per quarter, to the two products equally.

Required
Compute the per-unit cost for each product.
Note: Do not round intermediate calculations round your answers to 2 decimal places.
Compute the profit for each product.

Answers

1) The per-unit cost for each product for Fanning Boards is as follows:

                       Basco Boards      Shimano Boards

Per unit cost        $76.53                   $111.32

2) The profit for each product for Fanning Boards is as follows:

                            Basco Boards      Shimano Boards

Profit per product     $44,875                $116,250

What is the profit?

The profit is the difference between the total sales revenue and the total cost for each product category.

What is the per-unit cost?

The per unit cost is the quotient of the total costs divided by the total production and sales units for each product category.

Production costs

                                             Basco Boards      Shimano Boards

Direct materials                           $ 24.50                 $ 37.00

Direct labor                                 $ 30.50                 $ 52.00

Allocated overhead                    $ 15.25                  $ 19.00

Total production costs per unit $70.25                 $108.00

Total units produced and sold    4,500                    8,500

Total delivery expenses and sales commission = $56,500

Total production costs per unit $70.25                 $108.00

Total delivery costs per unit        $6.28                     $3.32

Total cost per unit                      $76.53                   $111.32

Total sales revenue             $ 389,250          $ 1,062,500

Total production costs           $316,125               $918,000  

Fixed costs: Delivery &

Sales Commission                  28,250                  28,250

Total costs                           $344,375              $946,250

Profit per product                 $44,875                $116,250

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all cash receipts and outflows during an interest period are treated as if they all happened at the same time. what is that time, and what is this rule called?

Answers

The end of the time period is the point at which all cash inflows and outflows within an interest period are handled as though they occurred simultaneously; this rule is referred to as the End of the period convention.

Explain the concept of cashflows.

Cash flow can be defined as the net amount that flows into and out of your organization over a specific period of time.Typically, this time frame is a month, quarter, or year.

The cash inflow is the total sum of money coming into your business. Positive cash flow occurs when there is more money entering in than leaving the business. Cash inflow includes any profits you make from investments you make. It also includes the money you receive immediately from clients in return for the products or services you render.

When money leaves your company, this is referred to as a cash outflow. When it comes to operations, cash outflow happens when you pay your employees' salary and when you pay your rent.

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a company that develops a new merchandise tracking technology that automatically notifies suppliers when a new shipment is needed is using its new product to:

Answers

Though it varies depending on the business, the product development process can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization.

What does product tracking technology entail?

Innovators are those who adopt new ideas or technologies merely because they are novel. Innovators are the most daring and are more willing to take chances. Early adopters: This group has a propensity to form opinions that drive trends.

Poor product-market fit, unmet client needs, or fierce competition are just a few causes for why new products can fail.

In order to create a new product, entrepreneurs must first determine the problems that their target market faces.

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a bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. what is its yield to maturity (ytm)? round your answer to two decimal places

Answers

If a bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. its yield to maturity (ytm) is 8.25%.

How to determine the yield to maturity?

Given data :

Par = $1,000

N = 12

PMT = $1,000 x 8% = $80

Price = $980

Using  this formula to determine or find the yield to maturity ( YTM)

YTM = PMT + (Par - Price )/ N ÷ (Par -Price )/ 2

Let plug in the formula

YTM = 80 + ( 1,000 - 980 )/ 12 ÷ ( 1,000 + 980) /2

YTM = 80 +  ( 20 / 12 ) ÷ 1980 /2

YTM = 80 + 1.6666666667 ÷ 990

YTM = 81.6666666667 ÷ 990

YTM = 0.08249 ×100

YTNM = 8.25 (Approximately)

Therefore the 8.25% is the yield to maturity .

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When it comes to setting one's own quality standards, one must ensure they are ___?

.profitable
.written
.measurable
.reviewed

Answers

When it comes to setting one's own quality standards, one must ensure they are measurable. The correct option is C.

Define the Actual Requirements. Learn how to satisfy quality management compliance more easily. Maintain Simplicity. Everything should be documented. Check for comprehension. Establish Key Performance Indicators (KPIs) Results should be measured.

What set your quality standards?

Quality management standards are particular rules, specifications, guidelines, and characteristics that products, services, and processes must follow on a consistent basis to guarantee that their quality meets expectations. They are suitable for their intended use.

Quality standards are documents that contain rules, specifications, guidelines, or characteristics that can be utilized regularly to guarantee that materials, products, processes, and services are fit for purpose.

Thus, the ideal selection is option C.

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Answer:

C- Measurable

Explanation:

This was the correct anser on my test

wheat is produced in a perfectly competitive market. if market demand increases, the individual wheat farmer's marginal revenue will and his profit-maximizing rate of output will . increase; increase increase; decrease decrease; increase decrease; decrease increase; remain unchanged

Answers

In a case whereby wheat is produced in a perfectly competitive market if market demand increases, the individual wheat farmer's marginal revenue will and his profit-maximizing rate of output will increase.

What is perfectly competitive market?

Perfect competition can be described as the kind of competition that do take pace a s a result of how the  companies sell identical products.

It should be noted that in this market, the companies can exit at any time they want and in this market the share does not influence price in the market because there are alot of the firms there.

Therefore option A is correct.

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As wheat is produced in a perfectly competitive market, if market demand increases, the individual wheat farmer's marginal revenue will and his profit-maximizing rate of output will increase.

What is a perfectly competitive market?

Perfect market competition refers to the type of market structure where all producers and consumers have proper and symmetric information about the market and product.

Perfect market competition has the features of a large number of buyers, a large number of sellers and all products are homogeneous.

Basically, the perfect competitive market occurs when all the companies sell identical or homogeneous products.

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Knowledge Check 01
Intercontinental, Incorporated, uses a perpetual inventory system, Consider the following information about its inventory; August 1,
rchased 10 units for $910 or $91 per unit; August 3, purchased 15 units for $1,590 or $106 per unit; August 14, sold 20 units; August
17, purchased 20 units for $2,300 or $115 per unit; August 28, purchased 10 units for $1,190 or $119 per unit; August 30, sold 23 units.
Using FIFO, the cost of goods sold for the sale of 23 units on August 30 is
and the inventory balance at August 30 is

Answers

The cost of good sold is $2,255

The ending inventory is $1,765

What is the cost of goods sold and ending inventory?

FIFO is an inventory system in which the first inventory that is purchased is the first that is assumed to be sold. Ending inventory is made up of goods that are purchased last.

The 23 units sold on August 30 would be taken from the inventory purchased on August 3 and 17. This is because the goods sold on August 14 would be taken from the inventory purchased on August 1 and 3.

Cost of good sold = (5 x $106) +  (15 x $115)

$530 + $1,725 = $2,255

Ending inventory = (5 x $115) + $1190 = $1,765

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nowledge Check 01

On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Unearned Rent Revenue account.

Complete the necessary December 31 adjusting journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.

Answers

Answer:

I would say in December 31

What basic function requires a manager to hire employees and coordinate the work of subordinates

Answers

The basic function that requires a manager to hire employees and coordinate the work of subordinates is referred to as the organizing function

This is further explained below.

What is an organizing function?

Generally, Delegating power to subordinates and setting up channels of communication are both components of the organizational function of the management process.

In conclusion, The duty of organizing encompasses other activities as well, such as the creation of departments and the coordination of the work of subordinates.

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