Answer:
Cost of goods sold (rounded) under FIFO is $ 1.649
Explanation:
Date Q Cost U.Cost inventory Sold Cost
nov-01 34 231,2 6,8 0 34 231
nov-08 137 1006,95 7,35 0 137 1.007
nov-17 68 489,6 7,2 11 57 410
nov-25 103 772,5 7,5 103 0 0
114 228 1.649
The flexible budget performance report directs management's attention to areas where:corrective action can help control operations.
<h3>What is flexible budget performance report?</h3>
Flexible budget performance report can be defined as the type of report that enables the management of a company to determine the difference between quantity variance and price variances.
Flexible budget performance report is important for companies as it draw their attention to areas were they need to take corrective action that will lead to efficiency.
Inconclusion it directs management's attention to areas where:corrective action can help control operations.
Learn more about Flexible budget performance report here:brainly.com/question/14015382
Answer:
Invneotry TO 8
days on invnetory 46
Explanation:
200,000/25,000 = 8
The sales figure is done by selling inventory, to achieve the 200,000 sales with an inventory of 25,000 we should have sold our invnetory 8 times.
The year has 365 days If we sale our inventory 8 times per year.
This division will give us how many days to sold the entire inventory.
Because days can't be split in half, we round up.
365/8 = 45.625 = 46 days on inventory
Answer:
1.) Business cycle/ True
2.) True
3.) The unemployment rate declined
Total real income increase
Explanation:
Business cycle can be explained as the rise and fall in production output of goods and services in an economy. Business cycle are generally measured using the rise and fall in the gross domestic product(GDP), either nominal or adjusted for inflation. Business cycle is closely related to the economic cycle and trade cycle.
Every nation's economy fluctuates between periods of expansion and contraction. These changes are caused by levels of employment, productivity, and the total demand for and supply of the nation's goods and services. In the short-run, these changes lead to periods of expansion and recession. But in the long-run, economic growth can occur, allowing a nation to increase its potential level of output over time.
In 1950, during the experience in increase in real GDP, U.S had about 8.7% increase in growth, a declined rate of unemployment to about 4.3% with the inflation rate of 5.9% , this era was considered to be expansion and korean war.
Answer:
This question is about Corporate Social Responsibility (CSR), which is basically being socially responsible (with the employees, community, environment, etc.) and at the same time trying to maximize the financial value of a company (which is a duty to shareholders).
It might be easier for some companies, e.g. service providers, while much harder for mining companies (and other extracting companies). But it doesn't meant that all companies should try their best to do it.
Some companies even benefit from being socially responsible and increase their income through higher sales, e.g. Ben and Jerry's actually increased their sales of ice cream by focusing on CSR.
Even small businesses can benefit from CSR since it increases customer awareness and loyalty, and that can lead to higher sales. E.g. the public image of local businesses that help to finance certain community services improves and that eventually leads to higher sales.
Customers tend to favor companies that they consider to be socially responsible, and if they have to decide between purchasing from a socially responsible company or from another that isn't, they will generally purchase form the socially responsible one.
