Answer:
Consider the following calculations
Explanation:
Step 1. Given information
- Sales $7,270,000
- Gross profit 1,450,000
- Indirect labor 330,000
- Indirect materials 195,000
- Other factory overhead 90,000
- Materials purchased 5,100,000
- Total manufacturing costs for the period 6,170,000
- Materials inventory, end of period 480,000
Step 2. Calculation according to the following formulas.
a. Cost of goods sold = Sales-Gross profit = 7270000-1450000= $582000
b. Direct materials cost = 5100000-195000-480000= $4425000
c. Direct labor cost = 6170000-4425000-330000-195000-90000= $1130000
I will create a combination of functional and project-based organizational structures. I have selected the combination due to the following rationale.
- There are different types and categories of iPhone applications. So, the development of each application is a project. Accordingly, competent professionals will be used and they will move from one project to another project.
- Selling of applications as well as taking care of HR operational aspects of the business will require people with expertise in these functional areas also. So, getting good sales as well as HR retention is the top priority for the business.
- A combination of these two structures will create a mix of back end and front end without any departmental inclination. So, the company will succeed.
Opting for other structures will either focus on applications or sales. But, it will be ineffective as sales will not happen without applications and applications alone cannot generate good sales without proper marketing.
Besides, there can be role confusion and conflict of interest with other organizational structure such as line only or staff only structures. Even, the selection of project-only or functional-only organizational structures will create problems and employee turnover will also increase.
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Answer:
b. number of shares issued is 80,000
Explanation:
In the question, the common stock par value and the total amount is given. Moreover, paid-in capital is also given.
So, if we compute it, then it gives the number of shares issued because it contains a formula which is shown below:
Number of shares issued = (Common stock ÷ Par value)
= ($80,000 ÷ $1)
= 80,000 shares
So, paid-in capital is not relevant in the computation part, and therefore, the other options are wrong except b. option.
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