Answer:
a. The value of inventory declines below cost.
Explanation:
- The inventory values are the total cost of the value calculated at the ends of the inventory accounting period and the market value is compared by the lowering of the inventory costs.
- For each type of the item the net realized values cause a loss in the values of the inventory which needs to be recognized.
The Mangement trainee is undergoing<u> Job Rotation</u>
Explanation:
- <u>Job Rotation</u> is the process of Randomly selecting people and exposing them to the various departments of the organization.
- This technique is adopted by various companies to deal with issues like job stagnation, Job Frustration,Randomness issues,High employee turnover rate .
- <u>This technique is also helpful to the organization as it helps in creation of a Talent base with Multi-Tasking Ability</u>
Answer: $315.47
Explanation:
As this requires equal annual payments, it makes it an annuity. The $1,000 debt will be the present value of the annuity so a present value of annuity formula can be used:
1,000 = Annuity * ( 1 - ( 1 + rate) ^ -n) / rate
1,000 = Annuity * ( 1 - ( 1 + 10%)⁻⁴ ) / 10%
1,000 = Annuity * 3.169865
Annuity = 1,000/3.169865
Annuity = $315.47
Answer:
Forbid combinations in restraint of trade and monopolizing.
Explanation:
The Sherman Antitrust Act of 1890 is mainly aimed at preventing anti competitive agreements and unilateral conduct by a group of businesses aligning with one another. Such alignment results in restraint of trade and monopoly.
This Act enables the Department of Justice to bring charges against violators of antitrust laws and they may face as much as treble damages (three times of the damage caused to other parties).
Artificial raising of price and restriction of supply of products or trade are prohibited under this Act.
Answer:
The answer is: the amount of inventory at the end of the year was $1,583 using the average cost method.
Explanation:
The average cost method calculates the cost of inventory by dividing the total costs of goods by the total units.
- 10 units x $60 = $600
- 25 units x $65 = $1,300
- 30 units x $68 = $2,040
- 15 units x $75 = $1,125
The total cost of inventory is $5,065 ($600 + $1,300 + $2,040 + $1,125)
The total units in inventory are 80 (10 + 25 + 30 +15)
To find the average cost per unit = $5,065 / 80 units = $63.31
If 25 units were left at the end of the year, then the total cost of inventory is $63.31 x 25 = $1,582,81 or $1,583
