Answer:
$1,200
Explanation:
Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:
First step is to determine the units in ending inventory
Units in ending inventory=500 units + 600 units – 800 units sold
Units in ending inventory= 300
Now let determine the Ending inventory
Ending inventory=300 units x $4.00
Ending inventory = $1,200
Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200
Answer:
Bilateral contract.
Explanation:
Bilateral contract: It is a legally binding contract between two or more parties, wherein each party agree to fullfil the promise made to each other.
There are four elements necessary for the existence of a bilateral contract:
- Agreement.
- Consideration.
- Intention to create legal relations.
- Certainty.
In the given case, Clay offers to pay Diane $50 for a golf lesson for Ewan, which they are fulfilling by agreeing to meet on Friday to exchange the cash for the lesson. Therefore, these parties have made a bilateral contract.
The items that characterize organizations include;
- <em>Develops goods, services or ideas.</em>
- <em>Develops goods, services or ideas.create value for its customers</em>
- <em>Develops goods, services or ideas.create value for its customersConsists of people who share a common mission</em>
<h3>What is an organization?</h3>
The general characterization of an organisation is a group of people who share a common mission, strives to create value in the form of goods, services and ideas in some cases.
A major categorization of an organisation could be as to whether the organization is;
- A profit oriented organisation OR
- A non-profit oriented organisation.
Read more on organisations;
brainly.com/question/14595106
Answer:
The correct answer is (A)
Explanation:
Product efficiency is a key aspect which every firm or organisation must achieve to improve revenue and profits. Product efficiency is a way to allocate resource to produce goods and service at the lowest average cot possible. Firms usually apply economist of scale to achieve product efficient. Product efficiency can only be achieved by using scarce resources efficiently and effectively.