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horsena [70]
3 years ago
13

Francois pays a lot of attention to the environment outside his company, staying alert for long-run opportunities and problems a

nd devising strategies for dealing with them. Francois is a(n) Multiple Choice team leader. first-line manager. board manager. monitoring manager. upper-level manager.
Business
1 answer:
Veseljchak [2.6K]3 years ago
6 0
<h2>Francois is an upper-level manager</h2>

Explanation:

Upper-level manager:

  • is responsible for decision making
  • carries high-level responsibilities
  • responsible for over-seeing, monitoring the overall functions
  • responsible to look out for new & best opportunities
  • identify problem and possible solutions
  • Mostly they will be CEO and CFO
  • Decision affects the firm highly both in positive and negative side
  • One of the highly-paid resource
  • responsible for multi-tasking
  • takes initiative to promote organization
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May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch
Umnica [9.8K]

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

                                    = (200 x  $7 + 800 x $7 + 600  x $8) ÷ 1,600

                                    = $7.375 or $7.38

The average cost per unit for May is $7.38

4 0
3 years ago
Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:
wariber [46]

Answer:

Royal Decking

A) Per unit value for each of Royal Decking's products, applying LCNRV:

Product   Cost   Sales Price   NRV                          LCNRV

A              $40      $60           $44 ($60 - 12 - 4)      $40

B                80       100           $72 ($100 - 20 - 8)    $72

C                40        80           $60 ($80 - 16 - 4)       $40

D               100      130           $84 ($130 - 26 - 10)   $84

E                 20       30           $22 ($30 - 6 - 2)       $20

B. Total Inventory on the balance sheet is:

$256,000

Explanation:

a) Data and Calculations:

Ending Inventory at December 31, 2021:

Product   Cost   Sales Price   NRV                          LCNRV  Inventory value

A              $40      $60           $44 ($60 - 12 - 4)      $40          $40,000

B                80       100           $72 ($100 - 20 - 8)    $72          $72,000  

C                40        80           $60 ($80 - 16 - 4)       $40          $40,000

D               100      130           $84 ($130 - 26 - 10)   $84           $84,000

E                 20       30           $22 ($30 - 6 - 2)       $20          $20,000

Total inventory value                                           $256       $256,000

= ($256 * 1,000)

Selling costs = 20% of selling price

Shipping costs = 10% of cost

5 0
2 years ago
Worthington Chandler Company purchased equipment for $12,000. Sales tax on the purchase was $800. Other costs incurred were frei
insens350 [35]

Answer:

d. $13,575

Explanation:

The cost of the equipment includes all the cost incurred to bring the equipment to a state where it becomes available for use.

These costs are the cost of the equipment, sales tax, freight, repairs during installation and installation cost.

Therefore,

Cost of the equipment = $12,000 + $800 + $200 + $350 + $225

                                       = $13,575

The right option is d. $13,575.

3 0
3 years ago
Which of the following is a way to bring distant managers together to brainstorm and is a written approach to creative problem s
Trava [24]

Answer: Brainstorming

Explanation: Brainstorming is a group creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members. It is the basic technique for developing ideas and getting people to think up new concepts and solutions to a problem.

Brainstorming also triggers creativity and great idea generation.

8 0
3 years ago
Accounts receivable and notes receivable are shown as a(n) ____ company's balance sheet. A. liability
Andrew [12]
D) Account receivable and note receivable are showing in Expense
6 0
2 years ago
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