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3241004551 [841]
3 years ago
14

At the end of January, Mineral Labs had an inventory of 895 units, which cost $12 per unit to produce. During February the compa

ny produced 1,500 units at a cost of $16 per unit. a. If the firm sold 2,050 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)
Business
1 answer:
FromTheMoon [43]3 years ago
3 0

Answer:

$30,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= February units × cost per unit + Remaining units × cost per unit

= 1,500 units × $16 + 550 units × $12

= $24,000 + $6,600

= $30,600

Since the firm has sold 2,050 units, so out of which 1,500 units sold at a price of $16 and the remaining 550 units sold at a price of $12

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Fittoniya [83]

Answer:

The implication is that the Illinois Department of Child Services is a unionized workplace.

Mortimer will derive better benefits that surpass the costs of membership.  He is covered in all collective bargains, even when he resigns his union membership.  Unions negotiate for better working conditions, higher pays, and improved benefits.

When Mortimer has any grievance against the department, the union will also represent him, thereby making his life easier since unions can negotiate better with employers than individual workers.

Mortimer is even lucky to find a job at a unionized workplace because the jobs are not usually advertised as union members easily bring in their relatives and friends to occupy such vacancies.

Explanation:

Most of the disadvantages that Mortimer should complain about unions are disadvantages to the employer and not to him as an individual worker.  For the employer, the union acts as a form of monopoly that can decide whether the workers would work or not.  The unionized workers are not easy to replace with other workers.

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3 years ago
Which of the following factors will increase GDP and also achieve sustained​ growth?
Salsk061 [2.6K]

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

7 0
3 years ago
Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her flora
Lostsunrise [7]

When Mrs. Watson refuses to hire a person because of their nationality, religion or race is an example of discrimination, also happens when someone treats someone else in a way that is harmful, because of the difference in political ideas, sexual orientation or gender.
6 0
3 years ago
Read 2 more answers
(Scenario 4-2: Production of Wheat and Toys) Given the information provided, one can determine that Country A has an absolute ad
Arte-miy333 [17]

Answer:

wheat, wheat

Explanation:

In the field of economics, absolute advantage may be defined as the ability of a producer to produce a particular goods or services at large amount or quantity at the same price or the same quantity at a very low price as compared to other producers. It means producing goods efficiently.

Whereas a comparative advantage of a product is defined as the ability of a producer to produce more goods and and consumes less of it at a lower opportunity cost when compared to its competitors.

Thus in the context, Country A has both an absolute advantage as well as comparative advantage in production of wheat.

4 0
3 years ago
Taylor takes her employees' opinions into consideration via reasoning and discussion when making departmental decisions. Which o
qwelly [4]

Answer:

A. Flexible

Explanation:

Taylor takes her employees' opinions into consideration via reasoning and discussion when making departmental decisions. She is very much flexible  with her role models. She listens to her employees, takes advises from them and then accordingly make divisions. She is the best example of a leader who learn from others and make plans with the help of others in the changing situations. An effective leader and manager should be flexible in order to make their employees and followers comfortable with them. In this way, they can share and coordinate quite effectively.  

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