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The determination of the gross profit for April and the ending Inventory on April 30 is as follows:
Gross Profit Ending Inventory
(a) First-in, First-out (FIFO) $200 ($300 - $100) $260 ($120 + $140)
(b) Last-in, First-out (LIFO) $160 ($300 - $140) $220 ($120 + $100)
(c) Weighted Average cost $180 ($300 - $120) $240 ($120 x 2)
<h3>What are the Cost Flow Methods?</h3>
The cost flow methods are FIFO, LIFO, Specific Identification, and Weighted-Average Cost methods of costing ending inventory and cost of goods sold based on assumptions.
<h3>Question Completion:</h3>
The following three identical units of Item P401C are purchased during April:
Cost information:
Item Units Cost
April 2 Purchase 1 $100
15 Purchase 1 120
20 Purchase 1 140
Total 3 $360
Average cost per unit = $120 ($360 ÷ 3)
Learn more about the cost flow methods at brainly.com/question/5976808
Answer:
Total number of years remaining for employees = 3 + 4 + 5 + 6 + 6 = 24 years.
Projected benefit of $88,560.
Year Annual Amortization
2020 88,560 * 5/24 $18,450
2021 88,560 * 5/24 $18,450
2022 88,560 * 5/24 $18,450
2023 88,560 * 4/24 $14,760
2024 88,560 * 3/24 $11,070
2025 88,560 * 2/24 $7,380
Total $88,560
Every year the projected benefit is amortized by the number of employees still working divided by the total number of years for all the employees.
Answer:
nonprice competition
Explanation:
The strategy that Joe's Gym is using gives<u><em> differentiated services</em></u> to the users when compared to the competition, but Joe's Gym do not change prices.
Answer:
The factors that cause the failure of project management to achieve its goals include the following:
1. The scope of some projects are not well-defined and detailed.
2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.
3. Some project managers do not identify the critical project risks from the beginning.
4. Projects that lack formal methods and strategies often fail.
5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.
6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.
7. Leadership is key to effective project management. Without senior management or politicians' buy-in, some projects face massive failure.
Explanation:
Project management starts from the home to the larger society. It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements. Project managers and organizations that must achieve success should understand the causes of project failure.
