Answer:
b. contingency approach to management.
Explanation:
The Contingency Approach to management tells us that there is no best style of management.
The Employees should in turn push to encourage to adopt situation specific management approach since It gives them an opportunity to explore new things and problem specific solutions.
Sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product
Answer:
There is not gain in this operation so the answer is $0
Explanation:
There are some journal entries that needs to be done to have a full picture of the statement
* Purchase
Fixed Assets 690.000
Cash 690.000
* Monthly depreciation
Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis
Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400
Then calculate the yearly depreciation
Yearly depreciation = ((amount to be depreciated/useful life) * years used) =
(641.400/10*8) = 513.120
then the journal entry to record the monthly depreciation for 8 years is
Depreciation expense 513.120
Acc Depreciation 513.120
* Post the Journal Entry to record the sell of FA
You have to reverse the Acc Depreciation and credit the FA
Cash 152.500
Fixed assets 690.000
Acc depreciation 513.120
Loss on sale of FA 24.380
If a software package is purchased, consider a supplemental maintenance package which offers additional support and assistance from the vendor.
Supplemental maintenance with assist in future issues while using the software. These can range from not working correctly or just needing a few tips on how to use the software. Most companies that sell software or electronics, offer these.
Answer:
Cost of goods sold= $133
Explanation:
Giving the following information:
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.
Cost of goods sold= 7*14 + 5*7= $133
