Answer:
Purchases= 19,625 pounds
Explanation:
Giving the following information:
Production in units:
February= 20,000
March= 18,500
The inventory of materials at the end of each month should equal 25% of the following month's production needs.
<u>To calculate the purchases of raw materials, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 20,000 + (18,500*0.25) - (20,000*0.25)
Purchases= 19,625 pounds
Answer:
the collection of feelings and beliefs that managers have about their organization as a whole.
Explanation:
Organizational commitment can be defined as the collection of feelings and beliefs that managers have about their organization as a whole.
Generally, when the employees working in an organization completely identifies and believe in the vision, mission, values and ethical standards of their organization, it simply means that they believe and are in agreement with what the organization is doing and would basically have a high level of loyalty because they are proud to be associated with what the organization stands for.
Hence, organizational commitment is important for the growth and development of an organization.
Search Results
Featured snippet from the web
Unlike primary elections in most other U.S. states, where registered voters go to polling places to cast ballots, Iowans instead gather at local caucus meetings to discuss and vote on the candidates
Answer:
$665,500
Explanation:
The computation of ending retained earning balance is shown below:
The ending retained earnings balance = Opening retained earning balance - cash dividend declared - overstatement of inventory error + net income - stock dividend declared
= $539,000 - $119,000 - $39,500 + $344,500 - $59,500
= $665,500
We simply added the net income and the rest of the items are deducted to find out the ending retained earning balance
