Answer:
2,340
Explanation:
The computation of purchase to be made on July is shown below:-
Particulars June July August
Sales 2,300 2,500 2,100
Add: Closing Inventory 1,000 840
(40% of next month)
Less: Opening Inventory 1,000 840
(Closing of previous month)
Purchases to be made 3,300 2,340 1,260
Therefore the purchase to be made on July is 2,340
A mortgage is a long term loan issued by a financial institution such as; banks. These are loans obtained for a large sum of finance required. Example; an entrepreneur requires 60 million for expansion of the business. Therefore in such cases, a house is normally worth this amount and thus, a collateral security is given which is the house.
Answer:
Research shows that customers often find a gap in their expectations versus what the company actually delivers as an experience. Creating positive post purchase customer experience is a great way for companies to build a relationship with their customers, and build engagement and loyalty for their products and brand.
Answer:
a. 105
b. For machining $130
For assembly $50
Explanation:
a. The computation of the company's current plant-wide overhead rate is shown below:-
Current plant-wide overhead rate = Total manufacturing overhead ÷ Total direct labor hours
= $1,050,000 ÷ 10,000
= 105
b. The computation of refined departmental overhead rates is shown below:-
Departmental overhead cost = Overhead cost of department ÷ Cost driver of department
For machining
= $650,000 ÷ 5,000
= $130
For Assembly
= $400,000 ÷ 8,000
= $50
Answer: Clan culture
Explanation:
Clan Culture like the term implies refers to a type of corporate environment where a collaborative nature is encouraged and fostered such that people try to achieve common goals the way a clan would by being united and interested in the growth of one another because this will lead to the growth of the company as a whole.
In being friendly with staff and encouraging top management to try to get their team members to succeed, Ross is following a clan culture. This type of corporate environment is known to be the least competitive type as a result.
