Answer: Request a meeting with Betty, the previous manager
Explanation:
When assuming a role in an organization it's best to get in touch with the previous manager or head of the department you want to assume and get to know how the office was ran before now that you're about to take over the position. This gives you a platform or a ground on which you as the new manager can work on or work with.
The first priority Mike should look into is meeting with the previous manager, Betty, so she can give him guidance and information
Answer:
<em>Hypothesis</em>
Explanation:
The scenario which is given, is an example of <em>hypothesis.</em>
Basically, hypothesis is something in which a person or an individual makes a believe or have a taught by observing or having an illustration.
Now as we can say, that Costco has a believe that is an example of hypothesis, that Costco can examine through the marketing research as well.
Answer:
d. both the income and substitution effects encourage the consumer to purchase less of the good.
Explanation:
The income effect is the effect on the income when there are price changes. When the price increases, people can buy less products with the same income which means that the consumer will be encouraged to purchase less goods.
The substitution effect says that an increase in the price of a product will make customers to buy other similar products which will make them to purchase less of the good with the higher price.
Answer:
Ending invenory= $1,298
Explanation:
Giving the following information:
July 1 Beginning inventory 35 units at $22 $770
July 7 Purchases 124 units at $24 $2,976
July 22 Purchases 18 units at $26 $468
A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand.
<u>To calculate the ending inventory using the LIFO (last-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>
Ending inventory= 35*22 + 22*24
Ending invenory= $1,298
Given:
Beginning inventory = $38,600
Ending inventory = $47,000
To find: average inventory amount
Solution:
Average inventory = (Beginning inventory + Ending inventory) / 2
($38,600+$47,000) / 2 = $42,800
Average inventory amount = $42,800
