Answer:
$935.61
Explanation:
Firstly, we need to calculate weighted average inventory cost at every time anchors (purchase - in or sell - out)
At time t = 1, 64 units @ 5 per unit.
At time t = 2, 64 + 110 = 174 units @ (64 x 5 + 110 x 5)/(64 + 110) = 5 per unit.
At time t = 3, 174 - 90 = 84 units @ 5 per unit.
At time t = 4, 84 + 55 = 139 units @ (84 x 5 + 55 x 6)/(84 + 55) = 5.40 per unit.
At time t = 5, 139 - 90 = 49 units @ 5.40 per unit.
Cost of goods sold for the year = 90 x 5 + 90 x 5.40 = $935.61
Answer:
$307 million
Explanation:
Iron ore Corporation reported a free cash flow of $106 million
The investment in operating capital is $189 million
Iron ore listed a depreciation expense of $39 million and a tax of $51 million on its income statement for 2008.
The first step is to calculate the operating cash flow
Free cash flow= Operating cash flow-Investment in operating capital
$106m= OCF-$189m
OCF= $106m+$189m
OCF= $295m
Operating cash flow= $295 million
Therefore, the EBIT can be calculated as follows
Operating cash flow= EBIT-Taxes+Depreciation
$295m= EBIT-$51m+$39m
$295m= EBIT-$12m
EBIT= $295m+$12m
EBIT= $307 million
Hence the iron ore's 2008 EBIT is $307 million.
Answer:
Explanation below
Explanation:
When organizations are looking at hiring interns, they should make sure it does not go against the laws of the Fair Labor Standards Act (FLSA) which broadly defines what it means to employ someone and remained silent regarding whether interns should be exempted from minimum wages.
FLSA provides that if your company like that of Wayne in the question, benefits from the use of interns they hired, then they must pay them a sum that is equivalent to the minimum wage.
But if the intern does not do any work that directly benefits the organization, but just there to learn and watch how things are going, then it can be justified in not paying them at all.
so Wayne's rights have been violated since the wage was below the minimum wage.
Answer:
D. Excludes retirees who are interested in seeking new employment opportunities
Explanation:
Internal recruitment is the process by which an organization fills a job vacancy by hiring someone from the existing workforce. It is a cheaper method, the firm is familiar with the employee, thus less risk and the employee is also familiar with the firm, hence no induction training required.
Since only those who are already working are the only ones who would be eligible under internal recruitment, retirees will not be a part of the pool of potential workers, even if they may be possessing better skills and experience.
