Call employees at any level in the organisation “partners” and reward empowerment in decision making.
Explanation:
The CEO of a company has the leading role in the management of its operations and the resources, which is the main point of contact between the board of directors (the board) and the corporation, as a large corporate decision-making body.
Executives often believe that workers are empowered by just wanting to do so. The executives say to the workers, "You are empowered." "The decisions can be made. I think success occurs as workers are told I are motivated in a broad-based way.
Answer:
F. Debit Accounts Payable $50.
B. Credit Merchandise Inventory $50.
Explanation:
As the company uses perpetual Inventory System, the journal entry to record the purchase return will be -
Debit Accounts Payable $50
Credit Merchandise Inventory $50
As the purchase was on credit, cash would not be either debit or credit. As the Merchandise Inventory returned to the suppliers, inventory was decreased. Hence, inventory will not be debit. Accounts payable was reduced too. Therefore, accounts payable will not be credit. Purchase returns are used in the periodic inventory system.
Answer:
$136,190
Explanation:
The computation of computer cost allocated to Division B is shown below:-
Computer cost allocated to Division B = Computer service cost × Computer time of Division B ÷ Total computer time.
= $260,000 × 220 ÷ (200 + 220)
= $260,000 × 220 ÷ 420
= $260,000 × 0.5238
= $136,190
Therefore for computing the computer cost allocated to Division B we simply applied the above formula.
Answer:
(a) Import Quota
Explanation:
Option B is wrong because import duty is the tax, which is collected from imported products. It cannot restrict any items or protect the coconut-based products industry.
Option C is incorrect because import tariff allows charging imported products at higher prices to restrict import goods. In that case, the company does not increase the imported goods price.
Option D is incorrect because the company does not get a subsidy from the government.
Therefore, option A is the answer because import quota restricts companies from importing goods and services on a limited basis to protect the local manufacturers.
Answer:
$63,600
Explanation:
Th weighted average method is one that ensures that all the various prices at which inventory is bought is considered to determining the price at which inventory is issued.
Amount of Inventory at
= (150 × 200) + (500 × 210) + (350 × 220) = $212,000
Total quantity (before sales) = 150 + 500 + 350 = 1000 units
Weight average cost per unit = $212,000/1000 = $212
The 700 units sold will be value at $212 per unit.
Hence total cost of goods sold = $212 × 700 = $148,400
Closing inventory amount = $212,000 - $148,400
= $63,600
