Answer:
cost of goods available for sale= $220,000
Explanation:
Giving the following information:
Beginning inventory of $80,000
Purchased merchandise for $140,000
<u>To calculate the cost of goods available for sale, we need to use the following formula:</u>
<u></u>
cost of goods available for sale= beginning inventory + purchase
cost of goods available for sale= 80,000 + 140,000
cost of goods available for sale= $220,000
Answer:
C. $410,000
Explanation:
Administrative and general expenses in Lee's multiple - step income statement is $410,000
i.e the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000
Note: General and Administrative expenses are incurred in the day-to-day operations of a business and are not tied to a specific function or department within the organisation.
Answer:
The answer is "RBI"
Explanation:
The RBI was formed in 1935, to comply only with RBI Act, it is also known as the central bank of India, throughout order to generate financial security in India, it implements fiscal policy, as well as regulates its exchange rates and higher compensation of the whole nation.
Its primary goal will also consist of monitoring India's separate bank operations in the money markets. Its primary focus also is on the publisher of new bills. It has been developed to be the bank of a bank manager as well as the state bank.
Due to changes in production, Hanson steel gave each employee 75 percent of the cost savings. Hanson steel uses a <u>gainsharing </u>compensation plan.
A compensation plan refers to the practices, methods, and intentional approach that's used by an organization in maintaining financial interests and developing, retaining, attracting, and rewarding employees in an industry.
It should be noted that the gainsharing compensation plan refers to a compensation plan that is used to increase profitability as employees share in the company's gain. Since the workers share 75% of the cost savings, this is a gain-sharing compensation plan.
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Answer:
Adverse selection
Explanation:
Adverse selection occurs when buyers of a product have more information about their product than the potential buyers.
The party that has less information has a weaker position than the person with more information. This is because the buyer cannot make a good purchase decision based on all information pertaining to a product. So they will most likely end up paying a price that differs from the value of the product.
In the given scenario Barbara has more information about her Apple computer while the buyers have less information.
That is why they are not buying.
This is an example of adverse selection.