The system is generally used by managers at lower levels of an organization is called as operation support.
<h3>What is Organization?</h3>
Organization refers to the group of people working together in order to achieve the common goals of the management. There are a variety of people present in the organization which work and socializes with each other to impact the working of the organization.
There are three level in every organization that is top level, middle level and lower level.
Operational support personnel ensure that the company works properly, effectively, and professionally. This encompasses everyone from administration to front-line workers to billing professionals in the back office.
Therefore, it can be concluded that operation support is at the lower level of the management.
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Answer:
Explanation:
In the case of two goods, a consumer's equilibrium is attained at the point when the utility gotten from each additional unit or money spent on each of the goods are equal. That is, Marginal Utility of a dollar spent on the good x that is, MUx/Px equals to the marginal utility of dollar spent on good Y i.e MUy = Py which is also equal to the marginal utility of money.
In such a case when either the marginal utility of x or y is different, the consumer will rearrange his consumption combination till the equality is restored again.
Oct 13........................No Journal Entry Required
Oct 17. Cash..........................................DR $107
To Accounts Receivable........................................ $107
(Being cash received by Accounts Receivable)
Oct 22. Inventory....................................DR $1145
To Accounts Payables.......................................... $1145
(Being Purchases made of Chairs and Oil Supplies)
Oct Accounts Payable...........................DR $1145
To Cash............................................................ $1145
(Being Cash paid for purchases made)
Hey! Your answer is " Middle Passage " :)
Answer:
The ending inventory value using LIFO retail method is $710,000
Explanation:
Beginning inventory $590,000
Purchases $1,370,000
Net Markups ($64,000)
Net Markdowns ($34,000)
Goods Available For Sale $1,990,000
Cost to retail percentage = 70.91%
Net sales $1,280,000
Ending Inventory = $710,000