Answer:
c. paying lower prices to its suppliers.
Explanation:
A : clearance of discontinued inventory.
Clearance is most often used when a shop wants to clear a particular stock line. reduce sell price with effect in gross margin
B : selling products with a lower markup.
Markups are the ratio of gross profit to sales price.
D : increased competition resulting in a lower selling price.
lower prices will lead to higher sales volumes, which may make up for the lower profit margin
Answer: structurally unemployed
Explanation: The structurally unemployed are people who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equilibrium. This translates to a mismatch between the jobs available and the skill levels of unemployed workers i.e., the skills unemployed workers have do not match the skills needed or required by employers which often are higher paying. Structural unemployment is caused by forces such as technological advancements, trade agreements etc. Typically it occurs when an underlying shift in the economy makes it difficult for some group of workers to obtain jobs.
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers work in many places, including banks and insurance companies.
Financial managers increasingly assist executives in making decisions that affect the organization, a task for which they need analytical ability and excellent communication skills.
Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ideas to maximize profits. They often work on teams, acting as business advisors to top executives.
Prepare financial statements, business activity reports, and forecasts
Monitor financial details to ensure that legal requirements are met
Supervise employees who do financial reporting and budgeting
Review company financial reports and seek ways to reduce costs
Analyze market trends to find opportunities for expansion or for acquiring other companies
Help management make financial decisions
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Answer:
$1,330
Explanation:
According to the LIFO method, the last inventory in should be the first out. That is, the units purchased at the 22nd should be the first sold, followed by the ones purchased at the 7th and then by the beginning inventory on July 1st.
The number of units sold during July is:
Using LIFO, the amount allocated to those goods should come from 10 units at $23 and 55 units at $20:
Therefore, the amount allocated to cost of goods sold for July is $1,330.
None of the alternatives provided are correct.