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julia-pushkina [17]
2 years ago
5

When the president of Smithson Corp. proposed a new product for launch, his board of directors readily accepted his proposition

without considering the risks. This is an example of _____.
Business
1 answer:
natita [175]2 years ago
6 0

If the board of directors readily accepted his proposition without considering the risks. This is an example of  groupthink.

<h3>What is groupthink?</h3>

Groupthink occur when a group of people tend to all accept a conclusion or an opinion that was made without considering whether the viewpoint they accepted was risky or good.

Based on the given scenario the board of directors  accepting the new product that was independently proposed by the president without considering the risks is an example of groupthink.

Inconclusion If the board of directors readily accepted his proposition without considering the risks. This is an example of  groupthink.

Learn more about groupthink here:brainly.com/question/10206116

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Wooderson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sa
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FIFO COST OF GOODS SOLD$ 239,200

b) Weighted Average Inventory $ 6120

c) LIFO Ending Inventory =  $ 5000

Explanation:

Wooderson Company

Periodic inventory system

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3/1 Beginning inventory      100              $40           $ 4000

3/3 Purchase                       60               $50           $ 3000

3/4 Sales                             60                  $80        $ 4800

3/10 Purchase                           200          $55      $ 11000

3/16 Sales                                  70             $90       $ 6300

3/19 Sales                               90              $90        $ 8100

3/25 Sales                              60               $90       $ 5400

3/30 Purchase                       40                $60         $ 2400

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FIFO Ending Inventory= $ 6800

 40 units at  $60  = $ 2400

80  units at     $55 = $ 4400

FIFO COST OF GOODS SOLD= SALES Less FIFO Ending Inventory

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b) Weighted Average Inventory= (Total Cost / Total Units) Ending Units= (20,400/ 400) * 120 = $ 6120

c) LIFO Ending Inventory =  $ 5000

100  units at   $40  =         $ 4000

20 units at  $ 50= $ 1000

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