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Thompsons Inc. just finished their fiscal year and are preparing the P&L. They had sales of $1M. The direct material cost was based on their computerized inventory control system was valued at $400K. Direct labor was valued at 200K, using their new time management system. The overhead was valued at 200K, based on their standard allocation method. Based on this information they calculated their preliminary gross profit at $200K. A decision was made to conduct a complete physical inventory. After completion, the direct material cost changed to 450K, What is the new gross profit?
Discuss the reasons behind the establishment of nonsmoking areas in public facilities and restaurants. In California, there are now bans on the sale and consumption of shark’s fin and goose liver (foie gras) placed on the basis of animal protection. ..
Analyze the sources of the business’s problems. Suggest ways for this business to initiate and execute a successful turnaround.
Formulate a goal programming model
Develop a PowerPoint presentation that accomplishes the following. Create a diagram of the organizational structure showing the hierarchy and chain of command. Develop a flowchart that analyzes the steps of the organization's business processes.
Steve is enrolled in an online higher education program. Steve must appear for most classes on a real-time schedule, but he may study through an online portal system. In which type of program is Steve most likely enrolled?
What is the role of standards in the current climate of competency based education and data driven training.
Intense competition such as price wars are an accepted practice in the US, But cooperation between companies has legal remifications because of antitrust laws.
IRAC is a critical thinking method used to evaluate legal disputes.
Based on labor cost per unit? only, the most economical location to produce the item is?, with a labor cost per unit of ?$.
Roll-Tech Corporation (RTC) wants to begin producing and selling one of its products in Eastern Europe. Because of the nature of the production process, manufacturing plants can only be built with a capacity of 100,000 units per year, at a cost of $5..
What is socially responsible buying? What is the psychological contract between an employee and his or her employer? When conducting a social audit, a company should avoid doing all of the following except. Which of the following types of employees m..
Spring is right around the corner and that can mean only one thing: it's time to incubate some eggs for a fresh crop of chickens to supplement the existing flock for the year. There are three breeds that are popular: Leghorns, Buff Orpingtons, and Co..
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