Answer:
Explanation:
1. Calculate ending inventory Rate per unit Total cost
number of units ($) ($)
Beg bal (April1) 450 2.19 985.50
Add:purchases
April 20 410 2.69 1102.90
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Total goods
av for sale 860 2088.40
Less: Sales:
During April 590
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Ending inventory 270
2. Cost of ending inventory = 270*2.19=$591.3
Backdating is when the effective dates on stock options were deliberately changed for the purpose of securing extra pay for management.
Backdating is the practice of amending the date of a contract, a legal document, or a cheque to a preceding date. changing the date on this sort of record to misrepresent any data makes this practice unlawful in some cases.
Backdating is the practice of marking a cheque, settlement, or other legally binding settlement with a date this is prior to the contemporary date. Backdating is typically no longer allowed and even can be illegal or fraudulent in a few conditions.
And public organizations responsible for backdating may additionally violate federal securities disclosure and reporting necessities, exposing themselves to regulatory or criminal investigations as well as securities fraud litigation. If you decide to award backdated stock options, touch us about a way to do it in the right manner.
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B. Participative management and empowerment