Answer:
Option B, OUTSIDE THE SCOPE OF EMPLOYMENT.
Explanation:
Scope of employment refers to where an employee was and what actions were being undertaken when the injury took place. If the employee was within the scope of employment, then the employer would likely be held responsible. But, if the employee was outside the scope of employment, then it is harder to prove the employer was negligent.
Within the scope employment means the injury took place; on or near work premises, during business trips, within a company's vehicle, while running an errand for the employer.
Outside the scope employment means the employee was not conducting any official business when the injury took place.
In the case of Francis, although he was on an official errand, he stopped in the middle of delivery route to have lunch with his friends which was not part of his official errand and he got injured while doing so.
Therefore, Francis would normally be considered to be acting: OUTSIDE THE SCOPE OF EMPLOYMENT.
Answer: B. Inventory investment must be negative.
Explanation:
Inventory investment simply means the difference between the goods that are produced and the goods that are sold by a company during a given year. Inventory investment is given as:
= Production - Sales
Since the company sells 100 boxes of chocolate, but produced 90 boxes of chocolate during the year, then the inventory investment will be:
= 90 - 100
= -10
Therefore, the inventory investment is negative.
Answer:
$1,380
Explanation:
The computation of the average cost per unit is shown below:
= (Beginning inventory units × price per unit + first purchase inventory units × price per unit + second purchase inventory units × price per unit + third purchase inventory units × price per unit) ÷ (Beginning inventory units + first purchase inventory units + second purchase inventory units + third purchase inventory units)
= (5 units × $61 + 15 units × $63 + 10 units × $74 + 10 units × $77) ÷ (5 units + 15 units + 10 units + 10 units)
= ($305 + $945 + $740 + $770 ) ÷ (40 units)
= ($2,760 units) ÷ (40 units)
= $69
Now the cost of goods sold equals to
= (Inventory units × average cost per unit )
= 20 units × $69 per unit
= $1,380
Since there are total 40 units out of which 20 units are sold, so the remaining units i.e 20 units would be consider as cost of goods sold