Cost of merchandise sold = Beginning inventory + purchases - [purchase discount +ending inventory].
Cost of merchandise sold = 5000 + 21,800 - [790 + 5,100]
26, 800 - 5,890 = 20,910
Therefore, the amount of money that is used to produce the merchandise sold is $20, 910.
Answer: Management means directing and controlling a group of people or an organization to reach a goal. Management often means the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
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<span>Micro marketing is the practice of tailoring products and marketing programs to suit the tastes of specific individuals and locations. </span><span>At the extreme, micromarketing becomes individual marketing insofar as products and marketing programs are tailored to the needs and preferences of customers.</span>
It excludes money paid as salaries or wages to employees.
Mentoring is a act or process of helping and giving advice to a younger or less experienced person, especially in a job or at school.whiles Coaching is a form of development in which an experienced person, called a coach, supports a learner or client in achieving a specific personal or professional goal by providing training and guidance.
1. It helps employees forge meaningful professional relationships.
Mentoring creates relationships where employees will protect one another. Praise on another. Give support to one another at work when it is needed. If an employee doesn’t quit because of their boss, then it’s likely because they have no support network at work. Mentoring in the workplace provides that support network. It doesn’t have to be in that 1-on-1 role either. Mentors can introduce new employees to their entire professional network.
2. It creates productivity levels that are more consistent.
A workplace needs to have a predictable level of productivity in order to operate efficiently. Bringing in a new employee disrupts that predictability until their skill levels can be brought up to appropriate levels – which may take 12+ months. Mentoring in the workplace can dramatically shorten that time period by giving new employees an experienced insight into the expectations which exist.
3. It helps with internal politics.
When you put a group of people together, there will always be political jockeying involved at some level. A mentoring in the workplace program can help to stabilize the gossiping and positioning that each worker does to protect their position. Instead of trying to throw the new employee “under the bus,” this type of system gives new workers the tools they need to insert themselves onto a team almost immediately.
4. It helps new workers begin to speak the company language.
Every company has their own jargon that is used. Mentors help new workers be able to start learning this unique language so everyone can communicate with efficiency. Even highly skilled and experienced workers who can jump right into a project can benefit from a mentor in this regard so that there isn’t an issue with miscommunication that creeps up.
