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kaheart [24]
3 years ago
12

Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cos

t per Unit 1/1 Beginning Inventory 240 $ 940 5/5 Purchase 340 $ 1,040 8/10 Purchase 440 $ 1,140 10/15 Purchase 270 $ 1,190 During the year, Lauer sold 1,100 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?
Business
1 answer:
alina1380 [7]3 years ago
4 0

Answer:

$1,223,500

Explanation:

The computation of cost of goods sold using LIFO method is shown below:-

Here, we are using LIFO method so we calculate from last number of units and cost per unit so we need to get 1,100

So, units from last 270 + 440 + 340 = 1,050

Now we need 50 units from purchase units so cost of goods sold

= 270 × $1,190 + 440 × $1140 + 340 × $1,040 + 50 × 940

= $321,300 + $501,600 + $353,600 + $47,000

= $1,223,500

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Answer:

a. Staffing the organization, building core competencies, and structuring the organization and work effort

Explanation:

Staffing is the management function undertaken with an objective to hire right people for the most suitable job position, and keeping filled organizational positions throughout.

A core competency refers to those unique capabilities an organization builds over time owing to innovation, creativity or efficient resource management, which yields competitive advantage to the organization. A core competency cannot be easily imitated by the rival firms and provides competitive edge to the firm who possesses it.

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2 years ago
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Explanation:

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2 years ago
What are three techniques stockholders can use to motivate managers to maximize their stock’s long-run price? Should managers fo
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Answer:

Please see below.

Explanation:

a.

• Reasonable compensation package. Every stockholders would usually want a good return on their investments. One of the techniques that can be used by them is to offer good and reasonable compensation packages to the company's highly performing executives and managers. The aim is to spur them to act in the best interest of the stockholders and not themselves. This will also translate to better performance of the company.

• Firing of managers who don't perform well. If a company's stock is not performing well(does not appreciate), such would usually be tied to its board and managers. Stockholders are the owners of a company because their funds are being used to trade hence can threaten to replace or actually replace any manager who is not performing well. By so doing, the managers that are retained will be motivated to perform really well in order to retain their jobs hence translate to better company performance.

• Threat of hostile take over. Stockholders could also threaten a company's board of being taken over by a proven and well accomplished company , if their stock price does not improve overtime. When the managers or board realize that their job is being threatened, they will be motivated to act fast by ensuring that the company's stocks yield adequate return in the long run.

b.

What should be paramount to managers is how to ensure that their company's intrinsic stocks value(an estimate of the true value of a stock, that is premised on well calculated risk) are well maximized. The stockholders should also be carried along while this process is on going. By maximizing their stock's intrinsic value, such would bring about high value to the stocks, while as time goes on, the actual stock price will be much closer to the intrinsic value of the stocks.

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