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wlad13 [49]
3 years ago
9

Eaton Electronics uses a periodic inventory system. On March 31, Eaton has two plasma TVs on hand at a cost of $1,800 each (seri

al numbers 11534892 and 11534894). In April, the company purchases four more identical TVs from Toshiba for $1,600 each (serial numbers 11542631 through 11542634). In May, the company purchases five more identical TVs for $1,900 each (serial numbers 11550964 through 11550968). In June, Eaton sells two of these TVs (serial numbers 11534894 and 11542631). There were no additional purchases or sales during the remainder of the year.
Eaton Electronics uses the specific identification method. What is its cost of goods sold?

a. $3,800
b. $3,533
c. $3,600
d. $3,400
Business
1 answer:
DanielleElmas [232]3 years ago
4 0

Answer:

The cost of goods sold is $3400 and option D is the correct answer.

Explanation:

Specific identification method is a method for valuing ending inventory which requires a detailed physical count to determine what units of inventory are available to the company as closing inventory.

The cost of goods sold will be the sum of the costs of the specified inventory units which are sold.

The cost of goods sold for Eaton will include a TV from the beginning inventory for serial no 11534894 at a cost of $1800 and a TV from the April purchases with serial no 11542631 at a cost of $1600.

The cost of goods sold is thus = 1800 + 1600 = $3400

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Answer:

It is a good idea because recruiter, by their vast experience, are well equipped to understand the changes in the organization's workforce, and ultimately key and reflect this changes as a drive for organization success.

Explanation:

It is important to understand the concept of human resource planning in an organization. Human resources planning is basically the procedure that ensure an organization has the right set of people with the right skill set in a bid to achieve the organizational objective. Hence, a critical aspect of human resources planning is identifying and forecasting of the requisite workforce with the required skill set the organization needs.

Employers, who represent the bulk of hr team and thus spearhead the planning process, understand the imperative of a good and competent workforce. Hence, they follow and monitor trends in a bid to tap and key into the new ways and methods of doing things. So, when these recruiters note these changes, it's a good idea to reflect such in the hr planning.

6 0
3 years ago
The Archer Daniels Midland Company is an enormous conglomerate that grows and produces many food products. It is sometimes calle
mariarad [96]

Answer:

The Archer Daniels Midland Company is an enormous conglomerate that grows and produces many food products. It is sometimes called the "supermarket to the world." The company has given large donations to politicians. If these donations affect policies regarding the environment or agricultural price supports, then these financial gifts are an example of rent seeking.

Explanation:

Rent seeking can be defined as an attempt of increasing profits without the contribution of productivity. In the corporate world, it involves the use of financial donations and bribes to politicians so that the politicians can manipulate the policies in their favor. It usually involves unjust favor to a business that has an interest in government-funded social services and programs. This concept was made popular in 1974 and generally meant the accumulation of wealth through shrewd means.

This concept was idealized by Adam Smith who defined rent as one of the sources of income. He stipulated that there are three major sources of income, namely; rent, wages and profit. He defined profit as the creation of more capital by risking capital. Wages were earned income, usually from employment. Rent is the utilization of resources to earn interest. Entities that have resources can sell, rent or lease to earn interest. Rent is usually the least riskiest way of earning income, thus it gained popularity tom mean receiving more benefits as compared to the associated costs.

In our case, Archer Daniels Midland Company utilizes it's access to capital to offer large donations to politicians with the aim of using the donations to manipulate policies regarding the environment or agricultural price supports in their favor.

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There were various cases when a risky firm invested in a less risky project also if the same cost of capital is used so the firm could alter the decision of an investment in a negative manner

Therefore none of the choices are correct

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