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dexar [7]
2 years ago
13

Oriole Company has the following inventory data:

Business
1 answer:
Yuliya22 [10]2 years ago
7 0

Answer:

$3,942

Explanation:

Step 1 : Determine number of units sold

Units Sold = Total units available for sale - Units remaining in inventory

                  = (45 + 157 + 22) - 56

                  = 168 units

Step 2 : Determine Cost of goods sold

<em>FIFO assumes that the units to arrive first will be sold first.</em>

Cost of goods sold = (45 units x $22) + (123 units x $24)

                               = $3,942

The amount allocated to cost of goods sold for July is: $3,942

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Varvara68 [4.7K]

Answer:

Residual risk

Explanation:

Risk is generally defined as the likelihood that some harm can happen. In quantitative evaluations, risk is defined as the probability that some negative event happens . Residual risk is the threat that remains after all efforts to identify and eliminate risk have been made.   There are four basic ways of dealing with risk: reduce it, avoid it, accept it or transfer it. Since residual risk is unknown, many organizations choose to either accept residual risk or transfer it for example, by purchasing insurance to transfer the risk to an insurance company.  Residual risk is the remaining risk that exists after all hazard mitigation measures have been implemented or exhausted in accordance with the applicable safety requirements and the project risk management process.

3 0
3 years ago
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3 years ago
Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change
Daniel [21]

Answer:

<em>Frictional unemployment created by sectoral shifts </em>

Explanation:

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It can even be defined as natural unemployment as it is not directly linked to factors that contribute to an economy that is performing poorly.

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4 0
3 years ago
In one or more complete sentences, explain the details and requirements to obtain a driver license.
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