Answer:
a. $352,200
b. $372,100
Explanation:
The cost of goods manufactured
<em>Consider only the manufacturing costs</em>
Cost of goods manufactured = $122,200 + $69,200 + $17,600 + $113,100 + $34,000 + $13,300 - $17,200
=$352,200
Cost of goods sold
<em>Add Cost of goods manufactured to the net of Finished inventory balance</em>
Cost of goods sold = $47,900 $68,800 + $352,200 - $47,900
= $372,100
Answer:
E. The Small business Administration
Explanation:
The small business administration is an agency that supports small business and entrepreneurs with setting up of their business. The small business administration helps with the provision of counseling to aid individuals trying to start and grow businesses.
Therefore Angela should meet the Small business Administration for financial and managerial assistance.
Answer:
B. No, approval by an individual other than the requestor establishes greater accountability over inventory.
Explanation:
This step is required as it will ensure control over inventory usage.
30% Percentage of a person's effectiveness in a leadership role is due to heredity.
A leader can play various roles, and a firm will benefit more if they do so. Employees will be motivated to perform better, complete their goals, and even acquire leadership skills when they observe effective leaders in action.
Obtaining cooperation at the highest level is crucial for the creation of plans and policies. It is necessary for the interpretation and execution of plans and programs created by the top management at the medium and lower level. When plans are being carried out, leadership can be demonstrated by advising and guiding subordinates.
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Answer:
1. A is temporary
2. B is permanent
3. C is temporary
Explanation:
1. A is temporary because these Valentine's day card are sold seasonally. That is at a particular time of the year. It's inventory is not for a permanent basis or for a long period of time.
2. Acquiring a new forklift is a permanent inventory because the equipment will stay in the company for a long period of time, for as long as it continues to serve the purpose for which it was acquired. This makes it a life asset.
3. The Increase in account receivable do due to expansion in customer base is for a short term due to goods sold on credit therefore they are temporary.
