If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)
First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000
Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000
So, the estimated ending inventory for the month of July is $145,000.
Answer:
b) force the capital stock to be spread thinly, thereby reducing living standards.
Explanation:
Solow growth model: It is a model of economic growth, which was developed by Nobel laureate Robert Solow. It helps in analyzing the change in the output of production due to a change in population growth rate, saving rate and technological growth rate.
In the Solow growth model, an increase in population growth rates will increase the growth rate of the total output of production, however, there are no sharp changes in the growth rate of per capita output and decrease in capital intensity and saving rate, which reduce living standard.
<span>"How does one define intelligence?" is a question that would be of particular interest to Differential psychologists.</span>
Answer:
Administrative.
Explanation:
The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs falls under the <u>Administrative</u> purpose of a performance management system.
Performance management system: It is a system used to evaluate the performance of the employee and rewarding them on the basis of their performance. It also helps in defining the required role of an employee in a given time, which creates transparency in the evaluation process. It serves as a basis for improving employees' knowledge and skills, which motivate employee for better performance.
There are three purposes of performance management:
- Strategic purpose.
- Administrative purpose.
- Developmental purpose.
Strategic purpose: It is defined as how effective performance help the organization to grow.
Administrative purpose: It is defined as how organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs.
Developmental purpose: It is defined as how system helps organization in developing employee´s skill and knowledge.
Answer:
5,200 units.
Explanation:
The actual capacity is the capacity planned while planning and building the plant. However, the plant is rarely able to operate at 100% capacity (usually due to safety measures) and it operates at an effective capacity, which should be considered when determining output. Given the effective capacity and the efficiency, the output (O) is:
The planned output is 5,200 units.
