FIFO method :
Amount of Net Ducome GA per F1 Fo
Net Income (After Tan) $2144 mule
Add Income Tan Changed
(2144 X 100/70) X 30%. 76 $918.857 rude
$3062.857 nis
Add Closing Inventory Incrare as bei FIFO 293
Lesso Open Deventory Ducres asper FIFO (290 nulls)
Income before Taxes 3065.857 null
Income Taxes 30 y. (919.757 null)
Net Income 2146. to Pullen
FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
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Answer:
$309
Explanation:
The computation of the gross earning for the week is as follows:
Given that
Payment of $7.15 × 8 = $57.2 or payment of each unit produced whichever is greater
On monday
= 90 units × $0.60
= $54
But the greater is $57.2
On tuesday
= 114 units × $0.60
= $68.4
On Wednesday
= 82 units × $0.60
= $49.20
But the greater is $57.2
On thursday
= 112 units × $0.60
= $67.20
On friday
= 98 units × $0.60
= $58.80
Now the earnings for the last week is
= $57.20 + $68.4 + $57.20 + $67.20 + $58.80
= $308.80
= $309
An easy-to-use decision support system that specifically supports strategic decision making is called executive support system.
A decision support system is one software that helps to make effective decisions with providing various alternatives of the solution to the problems addressed.
Strategic decision making is a process that provide an overall decision over the edge gaining an extra advantage for the firm analysing the decisions taken and the impact over the organisation. Wrong decisions taken at the wrong time may result in specifically driven decisions.
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Answer:
It may lead to groupthink.
It may affect the message's clarity.
Explanation:
Collaborative business message writing has to do with when a group of people creates a project or business message together rather than doing it individually.
Groupthink describes when a group sets asides their personal belief to get a consensus within a group and this can lead to bad decisions as members of the group can sidestep problems in order to fit into a group's decisions.
The clarity of the message can be affected because the different members of the group all have different ideas and would try to sacrifice some of their ideas for the group.
