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fenix001 [56]
3 years ago
5

Loree manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Loree also overs

ees the daily tasks of the cashiers and front desk employees. Loree is a __________
Business
1 answer:
DaniilM [7]3 years ago
6 0

Answer: First line manager

Explanation: These are the managers who have direct authority over the workers working in the organisation. The task performed by such managers are usually supervisory or foremanship etc.

In the given case, Loree works at the service desk and also supervises and monitors the daily tasks performed by workers such as cashier and other front desk employees. Thus, we conclude that Loree is a first line manager.

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Which of the following statements is correct?
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d

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8 0
2 years ago
Pina Football Shop began operations on January 2, 2017. The following stock record card for footballs was taken from the records
Volgvan

Answer:

A. FIFO $1,794

B. LIFO $6,326

Explanation:

(a) Computation for the December 31, 2017, inventory using the FIFO method

Value of closing Stock

93 Footballs purchased in November = 93 * $16 93 Footballs purchased in November= $1,488

18 Footballs purchased in September= (111-93)* $17

18 Footballs purchased in September= 18* $17

18 Footballs purchased in September= $306

Total Value as on 31 December, 2017 =$1,488+$396

Total Value as on 31 December, 2017=$1,794

Therefore the December 31, 2017, inventory using the FIFO method will be $1,794

B.) Computation for the 2017 cost of goods sold using the LIFO method.

First step is to calculate the Value of closing Stock

67 Footballs purchased in January= 67 * $28

67 Footballs purchased in January = $1,876

44 Footballs purchsed in March= (111-67)* $23

44 Footballs purchsed in March=44*$23

44 Footballs purchsed in March= $1,012

Total Value as on 31 December, 2017=$1,876+$1,012

Total Value as on 31 December, 2017 = $2,888

Now let calculate the Cost of goods sold using this formula

Cost of goods sold

= Gross Invoice amount - Value of closing stock

Let plug in the formula

Cost of goods sold= $9,214 - $2,888

Cost of goods sold= $6,326

Therefore the 2017 cost of goods sold using the LIFO method will be $6,326

7 0
3 years ago
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