Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
Answer:A
Explanation:This question is self explanatory,Alchian and Demsetz are of the options that firms involves a group of people coming to produce goods which brings about greater output than that of individuals .Their focus was mainly on team production in analysing the theory of firms rather than output per individual
Answer:
Behavior-based appraisal
Explanation:
In Behavior-based appraisals, the employee is assessed based on what they do instead of what they produce. Their actions are assessed using a rating scale to measure specific behaviors. Behavior-based appraisals uses behavioral observation scales as opposed to practices that focus on results only. It tends to be more objective, fair and accurate, if the appraisal standards are carefully developed.
Behavior appraisals are very useful when assessing performance on quantitative tasks.
