Answer:
Terry's Closing Inventory is $131,360.
Terry's Gross profit is $431,360.
We follow these steps to arrive at the answers:
<u>1. Calculate the base value of closing inventory (CI):</u>


<u>2. Calculate additions to inventory at base price</u>


<u>3. Calculate the value of additions to inventory at current prices</u>


<u>4. Calculate the value of Closing inventory</u>


<u>5. Compute Cost of Goods Sold (COGS):</u>


<u>6. Compute Gross profit</u>


Drinking from a fresh water bottle in dimensions
The ethnocentric staffing policy is used in Trisha firm.
What do you mean by staffing?
Staffing refers to the continuous process of finding, selecting evaluating and developing a working relationship with current or future employees. The main goal of staffing is to fill the various roles within the company with suitable candidates.
What is importance of staffing?
If the staff are not competent, your organization will lag. But if you recruit the right kind of professionals, any company would perform other chores, such as organizing, directing, and controlling properly. It also contributes to the efficient utilization of resources.
The ethnocentric approach--------- to recruitment means that we hire people from our parent country to fill positions all over the world.
Learn more about staffing policy:
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Answer:
Wage Replacement Ratio = $53,000 / $100,000 = 53%
Explanation:
Total Mortgages = $1,500 x 12 = $18,000
Dollar Value Percentage
Salary $100,000 100%
Less: Self-Employment Taxes (11,000) (11%)
Less: Savings (18,000) (18%)
Less: Mortgage Payments (18,000) (18%)
$ 53,000 53%
Wage Replacement Ratio = $53,000 / $100,000 = 53%