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3 years ago

Describe trade union

Business

2 answers:

salantis [7]3 years ago

5 0

An organisation made up of group of members

LiRa [457]3 years ago

4 0

Answer:

A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.

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Explain how each of the following was key to industrialization: (a) coal, (be) iron, (c) better methods of transportation.

Ronch [10]

Coal was key to industrialization because it was used as fuel to run the factories. Iron was crucial for developing a wide array of tools and machinery. It was also important for the creation of railroads.The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances.There were three main types of transportation that increased during the Industrial Revolution: waterways, roads, and railroads.Transportation was important because people were starting to live in the West. During this time period, transportation via water was the cheapest way to move

4 0

4 years ago

The following scenario applies to the next three questions. At the start of the current period, Alberich Jewelers had an invento

kolbaska11 [484]

Answer:

Alberich Jewelers

The gross profit that Alberich should report is 760.

Explanation:

a) Data and Calculations:

Cost of gold ring purchased first = $640

Cost of gold ring purchased next = $720

Cost of gold ring purchased recently = $750

Sale of one gold ring = $1,400

Using the FIFO method of inventory, the gross profit for the gold ring sold is based on the first gold ring purchased, as follows:

= Sales Revenue - FIFO cost of inventory

= $1,400 - $640

= $760

6 0

3 years ago

The following information pertains to Company A's Year 1 inventory activities:

NikAS [45]

Answer:

1 & 5) FIFO Ending Inventory $ 10,800

2) moving average: $ 10,400

3) weighted average $ 9,520

4) LIFO $ 8,800

Explanation:

January 1 Beg Inv 90 $40 subtotal: $ 3,600

May 15 Purchase 160 $65 subtotal: $ 10,400

units: 250 total: $ 14,000

April 11 Sale 50 $70

July 25 Sale 30 $75

Total sales 80 units

Ending Inventory: 250 - 80 = 170 units

FIFO the ending inventory is compose of the last nits

As it follows a crhonological order is the same under periodic and perpetual:

We start from the top

May 15th 160 at 65$ $10,400

170 - 160 units = 10 units

January 1 Beg Inv 10 units at $40 = $ 400

Total ending inventory: $ 10,800

Moving average:

the average is calculate based on the aailable good at hand before eahc purchase:

At April 11th the company's available goods are the beginning invenory thus the COGS is

50 units x 40 dollars each = 2,000

Then, at July 25th the inventory available is:

40 units at $40 dollars = 1,600

and 160 units at 65 dollars = 10,400

total 200 units at 12,000

Average: $12,000 / 200 units = $60 per unit

COGS: 30 units x $60 = 1,800

Total cost: 2,000 + 1,600 = 3,600

Ending inventory: 14,000 - 3,600 = 10,400

Weighted average:

we divide total goods available over the total units purchased:

14,000 / 250 = 56 dollar per unit

ending inventory 170 units x 56 per unit = $ 9,520

LIFO:

the last units are sold while the first are ending inventory we start from the top part :

January 1 Beg Inv 90 $40 subtotal: $ 3,600

170 units - 90 units = 80 units

May 15 Purchase 80 $65 subtotal: $ 5,200

Total $ 8,800

8 0

4 years ago

On January 1, Year 1, Chaco Company sold $300,000 of 10% twenty-year bonds. Interest is payable semiannually on June 30 and Dece

Andrei [34K]

Answer:

The amount of effective interest expense that chaco will record in the first six months is $14,375

Explanation:

interest payment that will be first made is on June 30, Year 1. Therefore, the outstanding balance used in the calculation is the issue price.

The interest expense is calculated by these formula

Interest expense = Effective semiannual interest rate × Outstanding balance

Interest expense = (8% ÷ 2) × $359,378 = $14,375

So the interest expense is gotten as %14,375

8 0

3 years ago

Read 2 more answers

Which of the following forms of business organizations does not have the pass-through feature of income and losses? a. partnersh

Sauron [17]

Answer:

c. corporation

Explanation:

A corporation is a type of business ownership that recognizes a business as a separate entity from its owners. Legally, a corporation is an independent person with commercial rights like any other person. A corporation is entitled to de business, incur debts, acquires assets, and make profits.

A corporation is expected to file its income tax returns at the end of every financial year. The owners of a corporation or its shareholders are also expected to file their separate income tax returns. An element of double taxation arises the business is taxed, and the owners are also taxed separately. In the other form of business ownership, the business incomes pass as owner's income resulting in single taxation.

3 0

3 years ago