Answer:
The statement is: True.
Explanation:
Austrian business professor and lawyer Peter F. Drucker (<em>1909-2005</em>) is considered one of the fathers of modern management because of the focus he placed on listening. Drucker once mentioned:
"...<em>the most important thing in communication is hearing what isn't said</em>...";
meaning once others are talking, we should be quite so we can learn something from them. If there are unclear points in the conversation, questions must be asked. The purpose of all of this is to be perceptive and increase our knowledge based on others' experiences.
The treasury stock of Magnificent Molding was purchased by the stockholders at an average cost of $0.65 per share.
<h3>What is the average cost?</h3>
The cost which is derived from the division of the total costs by the number of units of such stocks is known as the average cost of the stocks. Using the given information, further computation can be made as below,
Par Value of stocks = $60,000; Further Paid-Up Capital = $135,000. Therefore, the total value will be $(60,000+135,000)=$195,000. The total number of shares will be 300,000.
Solving further,
Hence, the average cost of treasury stock purchased by the shareholders of Magnificent Moldings Inc. is calculated above as $0.65 per share.
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Answer:
Task significance
Explanation:
Task significance is a term which describe how one's task have an impact on others. It means that the task performed by one is meaningful because of the resultant effect it would have as many people would rely on such task .
In task significance, the work done or performed by a person or group are being relied upon by another group which means that each group complement each other's effort. It is one of the characteristics of job theory.
Example of task management is launching of a web portal. This portal would include various people working on it like web designer, code writers, article writers etc. Each role will not be complete without the input of other roles.
Answer:
Total number of equivalent units= 100,000
Explanation:
Giving the following information:
A total of 90,000 were finished during the period and 25,000 remaining in Work in Process inventory were 40% complete with respect to direct labor at the end of the period.
Weighted-average method:
Units completed= 90,000
Ending inventory= 25,000*0.4= 10,000
Total number of equivalent units= 100,000
Answer:
C) a physical inventory is taken at the end of the period
Explanation:
Under the periodic inventory system, the cost of goods sold is determine at the end of the accounting only after a physical count of the inventory has been made. It requires to physically count the units held in inventory to determine how many were actually sold.
On the other hand, a perpetual inventory system continuously discloses the amount of inventory.