Answer:
$290
Explanation:
Gross profit is the difference between the sales and cost of items or goods sold. The FIFO cost formula or inventory valuation method is one in which inventory items are sold on the basis of first in first out that is, based on date of purchase.
As such, where 2 items of 3 are sold, the cost of goods sold
= $150 + $160
= $310
Total sales = 2 × $250
= $500
Gross profit = $500 - $310
= $290
Answer:
The answer is: D) All of the above
Explanation:
The person in charge of paying invoices (usually the treasurer of the company) should always make sure that:
- The invoice is consistent with the purchase order.
- The seller has actually delivered the goods included in the purchase order.
- The payment for the purchase order is still pending.
Most modern Enterprise Resource Planning software (like SAP) include all the necessary steps that need to be checked before any payment goes out.
<h2> ☞ANSWER☜ </h2>
<u> </u><u> </u><u> </u><u> </u><u> </u><u>7% of 5000 = 350</u>
<u>Percentage Calculator: 7 is what percent of 5000? = </u><u>3</u><u>5</u><u>0</u>
Answer:
a. Unity of direction
Explanation:
Unity of direction: In this principle, the direction of work is given by the higher authority with a view to achieving the organizational objective.
Division of work: In this principle, the work is divided between many subordinates/ employees, so that the task should be done in proper time and in an efficient & effective manner.
Scalar chain: This scalar chain represents the rank from high authority to low authority in a straight line so that proper communication/ cooperation can be done without any misunderstanding.
Unity of command: In this principle, the employees are responsible for only one person/ one supervisor/ one commander.
In the given scenario, the unity of direction principle applies as the board of directors wants to establish an independent business so that each domain objective can be achieved so that it becomes to accomplish the organizational objective.
