Answer:
$48,000
Explanation:
The computation of ending inventory using average method is shown below
Total units = 200 + 400 + 100 = 700
Total cost = (200 × $140) + (400 × $160) + (100 × $200)
= $28,000 + $64,000 + $20,000
= $112,000
Average cost per unit = $112,000/700 = $160
Ending inventory = Total units - units sold
= 700 - 400
= 300
Therefore, cost of ending inventory = Ending inventory × Average cost per unit
= 300 units × $160
= $48,000
Answer:
The correct option is A,can be converted into cash with low transaction costs.
Explanation:
Secondary reserves are the funds invested by bank in short term highly liquid investments,in essence can be converted to cash quickly at very low transaction costs in order to settle unexpected obligations.
Secondary reserves refer to the extra reserves maintained by the banks over and above the minimum regulatory reserve requirement mandated on banks by the Federal Reserve System.The Federal Reserve System as it is popularly known is the central bank in the US.
Answer:
Answer is USD 5,540
Explanation:
By applying Expected profit formula we get:
= (33000*0.11)+(15000*0.37)+(-7000*0.52)
= $5,540
Answer:
Selling
Explanation:
Ken Blanchard postulated the Situational Leadership Theory. It based on the assumption that there is no one best way for leadership to be administered, rather leader's style should depend on the task being performed.
The leadership style to be adopted is also dependent on how ready the group is for development.
The leadership styles are telling, selling, participating, and delegating.
Selling is when the members of the group are able to perform a task but are not motivated to do it. A leader who can create a motivation or sell the idea of the task is required.
In the given scenario Kevin has worked at Van Der Moor Electronics Repair for 12 years where he has accumulated a number of different skills. But he is insecure.
The selling leadership will motivate him.
