Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Windsor, Inc. made three purchases of merchandise in the following sequence:
(1) 400 units at $5,
(2) 500 units at $7
(3) 600 units at $8.
Total units= 1,500
Assuming there are 300 units on hand at the end of the period, compute the cost of the ending inventory.
A) FIFO (first-in, first-out)
Inventory= 300*8= $2,400
B)LIFO (last-in, first-out)
Inventory= 300*5= $1,500
Answer: born global
Explanation:
An organization that is global within two years of its inception with a major focus on foreign markets rather than its domestic market can be said to be born global.
Since the day such organization is established, they seek to gain competitive advantage over their rivals by using latest technologies and selling their products in different countries.
Answer:
B. assist in the comparison of companies of different sizes.
Explanation:
In the common-size income statements, the items of the income statement are shown in the percentage of the sales. The motive of this statement is to compare the financial statements of the same company for different periods or comparing it by different size companies.
By comparison, the company gets to know about the liquidity, solvency, financial position, performance, profitability over the past years.
Answer:
The measure of occupational prestige is determined through the process in which a nationwide sample of people is asked to evaluate a series of different jobs.
Explanation:
Occupational prestige is also known as job prestige. It is a way used by sociologists to define the social position or standing of people based on their occupation. Rather than using the personal attributes of individuals, it ranks people according to their profession or occupation. The ranks lie from 0 to 100, with 0 being lowest score and 100 the highest. These ranks are alloted to different professions by conducting nationwide surveys.
Answer:
$84,000
Explanation:
Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :
Raw Materials T - Account
Debit :
Beginning Inventory $26,000
Purchases $148,000
Total $174,000
Credit:
Requisitioned in Manufacturing $90,000
Ending Inventory<em>(Balancing figure) </em>$84,000
Total $174,000
Therefore, the cost of the ending inventory of Direct Materials is $84,000
