Answer:
C) WIP InventoryWIP Inventory-Finishing
Explanation:
Cost of WIP is transferred through Molding to Coloring to the last process of the production finishing. After completing the finishing the balls are ready and the cost is transferred from WIP InventoryWIP Inventory-Finishing to Finished goods Inventory. So, the correct answer is C) WIP InventoryWIP Inventory-Finishing.
Answer:
a. the portion of its marginal cost curve that lies above the AVC
Explanation:
In short run, a perfectly competitive produces as long as its price is above its AVC, so revenues can cover total variable cost. If price is below AVC, the firm has to shut down. Since such a firm maximizes profit by equating Price with MC, this condition means that firm's supply curve is its MC curve lying above the (minimum point of) AVC curve.
Answer:
answer is A open market operations
Explanation:
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Answer:
a. give employees the opportunity to enact the skills.
b. use modeling to help employees learn the skills vicariously by watching other people perform the skill.
c. provide feedback with both negative and positive reinforcements of wrong and correct behaviors respectively.
Explanation:
Training can be defined as a learning process which typically involves teaching an individual or group of people skills that are relevant to their job position or roles in an organization.
This ultimately implies that, the main purpose of a training is to improve an employee's performance in his or her place of work.
To ensure that employees are learning the content effectively during the training program, firms should;
a. give employees the opportunity to enact the skills.
b. use modeling to help employees learn the skills vicariously by watching other people perform the skill.
c. provide feedback with both negative and positive reinforcements of wrong and correct behaviors respectively.
Answer:
1. Prepare an income statement for Allstar for the past month.
The income statement is given below.
Sales $ 410,000
Commission Cost ($ 50,000)
Technology Cost ($ 75,000)
R/D Cost* ($ 200,000)
Selling expenses ($ 10,000)
Admin expenses ($ 35,000)
Net profit $ 40,000
* In absence of information it is assumed that research and development costs of $200,000 meet defination of expense as per accounting standard (IAS 38).
2. Briefly explain why Allstar's income statement has no line for cost of goods sold.
As per question Allstars is a service oriented company. In services oriented company there is no good that company is manufacturing and selling. So there will not be any cost of good sold line item in income statement.
