Answer:
C) Should be reported at $210,000
Explanation:
The computation of the gross profit in case of the multi-step income statement is presented below:
Mortenson Company
Multi step income statement
Sales $600,000
Less: Cost of goods sold -$390,000
Gross profit $210,000
After deducting the cost of goods sold from the sales we can get the gross profit
The appropriate response is Minnesota Multiphasic Personality Inventory. It is an institutionalized psychometric trial of grown-up identity and psychopathology. Analysts and other psychological wellness experts utilize different variants of the MMPI to help create treatment arranges; help with the differential conclusion; help answer legitimate inquiries; screen work hopefuls amid the faculty determination handle; or as a component of a restorative evaluation system.
Answer:
Open System
Explanation:
According to my research on different types of system structures, I can say that based on the information provided within the question the type of system being described is called an Open System. This system (like mentioned in the question) can be defined as a system that interacts with it's environment, which results in changes for the system as well as the environment.
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Answer: both internal and external inventories
Explanation: In simple words, supply chain inventories refers to the raw material, finished goods and work in process inventories like factors that together constitutes a supply chain.
Management of supply chain refers tot he process in which the organisation tries to control and maintain the flow of inventories from on stage to the other with the ultimate objective of keeping the supply of finished goods smooth throughout the period.
It starts from procuring the suitable raw materials in right quantity and right time after that it monitors the manufacturing unit so that production is done in appropriate time period and finally makes sure that finished goods will be supplied to the market as per the time period specified by the wholesalers or retailers.
Answer:
Manufactured Goods become Inexpensive and hence purchasing power of the people increased.
Capitalist benefits most from this, whereas living standard goes down for other classes.
Explanation:
No explanation needed
