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3 years ago

What is one course of action available in every problem solving process

1 answer:

8 0

You must consider both consequences, the positive and the negative. Then you must think of a way that you will have a win-win situation or just do the compromising to be able to solve the problem and have a faster solving process.

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Which action should a job seeker ideally take by the end of an interview?

spayn [35]

Thank the interviewer and wait for a. Call back

7 0

3 years ago

Read 2 more answers

On November 21, 2021, a fire at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex. Hodge est

GuDViN [60]

Answer:

$142,800

Explanation:

Calculation for the estimated loss on the inventory from the fire, using the gross profit method.

First step is to find the Cost of Goods available for sale

Cost of Goods available for sale = $180,000+$156,000

Cost of Goods available for sale= $336,000

Second step is to find the cost of Goods Sold

Cost of Goods Sold = $236,000 - 30%

Cost of Goods Sold = $165,200

Third step is to find the Cost of Goods Sold

Cost of ending inventory = $336,000 - $165,200

Cost of Goods Sold = $170,800

Last step is to calculate the Estimated loss from fire using this formula

Estimated loss from fire= Cost of Goods Sold - Estimated usable damaged goods

Let plug in the formula

Estimated loss from fire= $170,800 - $28,000

Estimated loss from fire= $142,800

Therefore the estimated loss on the inventory from the fire, using the gross profit method will be $142,800

6 0

3 years ago

Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured $ 158,000 Beginning w

Olegator [25]

Answer:

$67,000

Explanation:

Remember that,

Cost of Goods Manufactured = Beginning WIP + Total Manufacturing Costs - Ending WIP

this can also be written as :

Ending WIP = Beginning WIP + Total Manufacturing Costs - Cost of Goods Manufactured

therefore,

Ending Work In Process Inventory = $25,000 + $200,000 -$158,000

= $67,000

7 0

3 years ago

Treasury bill returns are 4%, 3%, 2%, and 5% over four years. The standard deviation of returns

IRINA_888 [86]

Answer:

Option (D) 1.29%

Explanation:

Data provided in the question:

Treasury bill returns over four years :

4%, 3%, 2%, and 5%

Now,

Average return = (4% + 3% + 2%+ 5%) ÷ 4

= 3.5%

Standard deviation = [ ∑(Return - Mean)² ] ÷ [ n -1 ]

= [ (4% - 3.5%)² + (3% - 3.5%)² + (2% - 3.5%)² + (5% - 3.5%)² ] ÷ [ 4 - 1 ]

= 3.87% ÷ 3

= 1.29%

Hence,

Option (D) 1.29%

8 0

3 years ago

Financial Results for Birmingham Wire and Cable Supply Company Year end 12/31/15 Income Statement Partial Balance Sheet Net Sale

Fofino [41]

Answer:

1. <u>Calculation of Inventory Turnover Ratio </u>

Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory

When Average inventory= Opening Inventory+ Ending Inventory / 2 = (1,542,553 + $1,735,455)/2 = $1,639,004.

Inventory Turnover ratio = $7,250,000 / $1,639,004

Inventory Turnover ratio = 4.42 times

2 If the price of wire is increasing, its good opportunity for the company to take advantage with proper planning. The company has to increase the purchase of the stock to take this advantage however it should also be noted about the opportunity cost as more money now will be invested in the stock. If the increase in Price is minimal then there is no need to increase the purchase of the stock .

6 0

3 years ago