Answer:
Sackett’s ending inventory is $16000
Explanation:
given data
Units Unit Price
September 4,000 $2.00
October 4,000 $2.10
December 2,000 $2.30
to find out
FIFO method what is Sackett’s ending inventory
solution
we know here that unit sold = 16000 units
available for sale = 22000
so ending inventory = 22000 - 16000
ending inventory = $6000
so
unit included 6000 is latest purchase are
so November purchase 5000 @ 2.7 is = $13500
and June purchase 1000 @ 2.5 is = $2500
so total will be = $13500 + $2500
total = $16000
Answer:
False
Explanation:
Purchasing power is related to real income and not to nominal income. Even though workers had a $10 increase in their average nominal income, due to the effects of inflation, that increase does not necessarily reflect an improve in purchasing power.
The statement is false.
Answer:
$11 billion annually.
Explanation:
Firms carried out assessments based on their daily activities as well as employee assessment.
Employees in firms are assessed based on their productivity level, rate at which they are absent from work as well as their turnover rate in the firm.
Low productivity can be defined as a decrease in the production capacity of a firm due to the inefficiency of workers.
Absenteeism can be defined as when a person is not present at work. This may be due to genuine or deliberate reasons.
Employee turnover can be defined as the number of employees who leave a firm and are replaced with new employees.
Low productivity, consistent absenteeism and employee turnover rates are said to cause firms to lose a lot of money due to:
a. Payment of salary for absent workers
b. Having to find replacement for absent staffs.
c. Low productivity due to lack of or absent staffs.
It is estimated that firms lose $11 billion annually in productivity, absenteeism, and employee turnover due to caring for aging parents.
it is The Federal Reserve System
Explanation:
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
