Answer:
B. Service
Explanation:
A service organization can be defined as an assembly of people who are saddled with the responsibility of providing customer-oriented services rather than just making profit.
In this scenario, Hertz leases cars to its customers while E*Trade makes stock transaction for its customers. These businesses are service organizations.
Basically, the aims and objectives of a service organization is simply to effectively and efficiently meet the needs or requirements of its customers. Thus, in order to successfully achieve this goal, this type of business will always put the need of its customers first before any other thing.
Answer:
False
Explanation:
Given that,
Market basket of goods cost in United states = $100
Market basket of goods cost in France = 70 euros
Purchasing power parity is calculated as follows:
= (Cost of basket of goods in Euros) ÷ (Cost of same basket of goods in dollars)
= 70 ÷ 100
= 0.7 euro per dollar
Therefore, the statement is false.
Answer: 1. $110000.
2. $120000
Explanation:
First, we calculate the sold units which will be:
= Opening inventory + Purchase - Ending inventory
= 10000 + 30000 - 20000.
= 20000
Then, the cost of stock per unit will be:
= $115000/20000
= $5.75
The total cost of the total stock available will be:
= 40000 × $5.75
= $230,000
Cost of purchase stock will be:
= Total cost of stock - Cost of beginning inventory
= $230000 - $50000
= $180000
Then, cos per unit of purchased stock will be:
= $180000 / 30000
= $6
1 Determine the cost of goods sold for 2021 using the FIFO method.
Cost from begining inventory = 10000 × 5 = 50000
Add: Cost from purchase inventory = 10000 × 6 = 60000
Cost of goods sold under FIFO = 110000
2. Determine the cost of goods sold for 2021 using the LIFO method.
This will be:
= 20000 × 6
= 120000
Property that the original owner has discarded is abandoned property.
If property is abandoned someone can find it and take it into possession. Although it's rare this can happen, in mainly causes though, most property can not be claimed with ownership without legal documents since most are left with some.
Answer:
$666 Favorable
Explanation:
The computation of Activity variance is shown below:-
For computing the activity variance first we need to compute the Planning budget and flexible budget
Planning budget = $35,900 + $11.10 × 3,650
= $76,415
Flexible budget = $35,900 + $11.10 × 3,590
= $75,749
Activity variable = Activity variance - Flexible budget
= $76,415 - $75,749
= $666 Favorable