Answer:
COGS= $11,600
Explanation:
Giving the following information:
Beginning inventory= 735 units for $8
During February the company produced 700 units for $12 per unit.
Units sold= 1,100
<u>Under the LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the last units produced.</u>
COGS= 700*12 + 400*8
COGS= $11,600
Answer:
Rate= 168.65%
Explanation:
When loans are collected there is interest that is paid on the principal collected. The interest is usually expressed as a percentage per year.
The following formula is used to calculate interest rate
Interest = principal* rate* time
We are asked to calculate annual percentage
Rate = interest/(principal * time)
Interest bis paid every two weeks. That is twice a month, and there are 12 months in a years. That is 2*12= 24 times.
Total interest per year= 24* 26= $624
Using the formula
Rate= 624/(370*1)
Rate = 1.6865
Rate= 168.65%
Answer:
Location 1
Payback period
= Cash outflow/Cash inflow
= $255,000/$51,000
5 years
Location 2
Year Cashflow Cumulative cashflow
$ $
0 (255,000) (255,000)
1 82,000 (173,000)
2 61,000 (112,000)
3 41,000 (71,000)
4 33,000 (38,000)
5 20,000 (18,000)
6 18,000 0
7 89,000
8 64,000
Payback period = 6 years
Explanation:
In location 1, we will divide the initial outlay by the annual cash inflows in order to obtain the payback period since the cash inflows are constant
In location 2, we deduct the initial outlay from the cashflow for each year until the cash inflow is fully recovered.
Answer: Option C
Explanation: Implicit cost or opportunity cost is the loss of profit from best alternative that is foregone. It is the cost directly paid by the individual himself rather than paying it to others as in case of explicit costs.
Implicit costs are not deducted while calculating accounting profit but they are when calculating economic profit. These costs usually remain fixed as the alternative has been rejected already.
So, from the above we can conclude that option C is correct.
As regards the statement on how traditional management treated human resource management, this statement is <u>FALSE</u>.
<h3>How did traditional management treat human resources?</h3>
Human resources was merely seen as a way to control labor and ensure they did not go out of bounds.
HRM was therefore not seen by traditional managers as a way to support the goals of the company, and its strategies.
Find out more on traditional management at brainly.com/question/21936953
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