Purchase of a house is:

Calculate ending inventory and cost of goods sold for 2015, assuming the company uses specific identification. Actual sales by t

Zielflug [23.3K]

Answer:

The value of closing inventory is $3,500

Cost of goods sold $40,670

Explanation:

The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.

The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.

Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.

Hence the value of closing inventory is computed thus:

May 5 20*$85=$1,700

Nov 3 20*$90=$1,800

Total $3,500

The costs of goods sold are is computed thus:

Opening inventory 60*$82 $4,920

May 5 230*$85 $19,550

Nov 3 180*$90 $ 16,200

Total $40,670

7 0

3 years ago

Definition of collateral

Romashka [77]

Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

8 0

4 years ago

Read 2 more answers

C) Explain briefly the three stages of orientation process

alexandr1967 [171]

Answer:

There are 4 stages of orientation process

1) The Pre-Orientation Stage

Although all the levels of orientation are essential, some companies skip the pre-orientation stage for new hires, and that could be a mistake. Pre-orientation begins before the start date of your new employees and involves sending a package of information via email or postal service. This package typically includes documents such as an organizational chart, vision statement, mission statement, explanation of benefits, annual report and a checklist of what the actual orientation will cover. Sending a pre-orientation package increases the level of comfort your new hires will have when they arrive to work on their first day, and it allows them to prepare questions in advance. Some companies also include a small giveaway in the package, such as a company mug or T-shirt, which can help create a sense of camaraderie.

2) The Introduction to the Job-Site Stage

In this orientation stage, your goal is to make new hires comfortable in their new work environment. In the first part of this orientation stage, new recruits are given information about your company’s aims, objectives, culture, organizational structure, strategic plan, customer base and future goals. The second part of this orientation stage typically is a tour of the workplace, including seeing equipment, identifying potential safety hazards, and meeting some of the managers and supervisors in each department. The purpose of this job-site orientation is to make your new hires familiar with the basic layout of the company and to understand the general precepts that govern how the workplace functions. This orientation usually takes a day to complete.

3) The Job - Specific Orientation Stage

In this stage, new hires are given job- or task-specific orientation, typically by their immediate supervisor. New employees learn details about their specific department or team, including information about breaks, absences, parking facilities, personal phone calls, email and internet policy, as well as the standards of performance for their work. The goal is to shrink the orientation to the actual tasks that the new employee will perform, with an understanding of the normal workday processes that will ensure maximum efficiency. In some instances, you may want to assign a “buddy” to your new hire. This buddy’s job is to become a guide during the new hire’s first weeks or months of work, answering questions, acting as a sounding board, and relaying critical information about projects and deadlines.

4) The Follow-Up Orientation Stage

Although there are multiple levels of orientation that last several days, the truth is that new hire orientation is a months-long process. That’s why the follow-up stage is so critical – it allows you to determine how well your new employee is adjusting to the job. Follow-up usually occurs on a weekly basis. Supervisors or managers meet with the new employee to discuss any issues and problems that have arisen. Supervisors should encourage new employees to ask questions and honestly express challenges they are facing. The follow-up orientation stage lets you determine how well your employee is performing assigned duties and also reveals how well your company has done in providing all the tools and help necessary for new hires to flourish. Of all the levels of orientation, this one is most critical to long-term success.

3 0

3 years ago

Eve’s Pastries & Pies contracts with Fruits 2 You, Inc., for strawberries to be delivered by Kool Refrigerated Trucking. On

Sati [7]

Answer:

a. may ship the strawberries to Eve’s using a different carrier.

Explanation:

Since a transport malfunction has occurred, Fruits 2 You has to find a feasible way to do what was concluded in the contract in the first place. Since it is still possible to ship the strawberries (goods) using a different carrier, contract termination is the last resort when tackling these issues. Although certain losses would emerge, it is still suggested to fulfill the contract.

5 0

3 years ago

a shopper seeking a bargain combined a 25% off coupon with the store's existing 25% off sale, and brought enough money to cover

lukranit [14]

Because the % discounts cannot be added to calculate the final price.

The first discount is over the original price but the second discount is over the already discounted price.

You can find a combined factor if you multiply the two factors.

Discount of 25% => Factor = 0.75

Now you can find the combined factor by multilplying 0.75*.75 = 0.5625

That means that the final price will be the original price times 0.5625 (or what is the same that the discount is 100 - 56.25 = 43.75%.

Then the operation results in a higher price than if you multiply by 0.5 (50% discount).

In conclusion the discount resulting from two consecutive 25% discounts is less than a 50% discount.

7 0

3 years ago