Answer:
The dollar amount of the ending inventory for the month of August is $460
Explanation:
FIFO Perpetual chart is attached.
FIFO Perpetual chart shows purchases , sales and balance of each period.
The balance at the end of August is
Units Unit Cost Total
10 12 $120,00
10 13 $130,00
15 14 $210,00
Total=$460
Units 35
Answer:
principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.
Answer:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Explanation:
Giving the following information:
The weighted average contribution margin for all three products is $3.05 per unit. ABC's total fixed costs are $35,000
<u>With the information provided, we can only calculate the break-even point in units for the whole company using the following formula:</u>
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 35,000/3.05
Break-even point (units)= 11,475
<u>Now, imagine the following sales mix:</u>
X= 0.25
Y=0.40
Z=0.35
<u>We can determine the number of units for each product:</u>
X= 11,475*0.25= 2,869
Y= 11,475*0.4= 4,590
Z= 11,475*0.35= 4,016
<u>Solution and Explanation:</u>
<u>Hofstede's four dimensions are </u>
1)Power distance -It is the degree of inequality among the people of the country.
2)Individualism Vs Collectivism- This is the degree which shows how much people are willing to work as individuals and not as members of groups.
3)Uncertainty avoidance- This is the degree which shows how much people prefer structured and not unstructured situations.
4)Masculinity Vs Feminity-This shows the degree of existence of tough values like competition, success, assertiveness, performance over tender values like warm personal relation,taking care of weak,unity,quality of life etc.
It is necessary for managers to understand cultural differences because managers need to understand their employees better so that they can motivate and lead the employees.Due to cultural differences what managers take as granted may be different in different countries.Good example is Wal- mart's expansion in Mexico.Wal mart constructed large parking lot for the customers which surrounded the stand alone building.
This posed problem because many of the customers travelled by public buses to the store. So they had to walk a long way through parking lot. The culture in Mexico is different from US and people travelled by public transport.Later Wal mart had shuttle buses to carry people to and fro from the store.Cultural differences also mean deeply felt values ,customs which are not always easy to identify.
Answer:
Four ways in which china was affected by thriving trade during the yuan dynasty are:
- Sea trade developed under the Mongols.
- Skills and information from china spread through other parts of the world.
- A more accurate calender been used.
- They started using better astronomical instruments.
Explanation:
Yuan Dynasty was establised by mongols in the early 13 centuries. It was ruled by Kublai Khan. It was first forgein led dynasty in the ancient China. Yuan danasty have open door policy, where forgeiners were allowed to travel freely in China without paying any taxes. They have introduced the first paper currency.
