Answer:
The correct answer is $543,000
Explanation:
According to the given scenario, the calculation of the ending inventory is as follows:
= Inventory on hand + merchandise purchased F.O.B shipping point + F.O.B destination
= $350,000 + $118,000 + $75,000
= $543,000
The goods held on consignment i.e. not involved is not relevant
Thus, the calculation of the ending inventory is $543,000
Answer: A greater and fall
Explanation:
Economies of scale are said to exist when inputs are increased by some percentage and output increases by a(n) greater percentage, causing unit costs to fall. This is referred to as the cost advantages obtained by companies when production becomes well organized. One reason for economies of scale is specialization of labor and of machinery. This brings a great input to production because Labour must have mastered his/her field coupled with the help of machinery which will eventually result into a great turn out.
Answer:
(a) 0.1224
(b) 0.3825
Explanation:
Given that,
Net income = $15,300,000
Net sales = $450,000,000
Total assets = $125,000,000
Stockholders’ equity = $40,000,000
(A) Return on assets:
= Net income ÷ Total assets
= $15,300,000 ÷ $125,000,000
= 0.1224
(b) Return on equity:
= Net income ÷ Stockholders’ equity
= $15,300,000 ÷ $40,000,000
= 0.3825
The organizing function of management is when a manager is responsible for organizing staff and making sure the staff members have the necessary resources to do their jobs. This is further explained below.
<h3>What is the Organizing function of
management?</h3>
Generally, In order to achieve goals, the role of management is to establish an organization's structure and allocate human resources.
In conclusion, Management's organizing role is to ensure that employees are properly organized and equipped to carry out their duties.
Read more about management
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