Answer:
Cost of goods sold = $179,000
Explanation:
The cost of goods sold represent the amount of direct expenditure incurred on the units of goods sold for the period. It is computed as follows
Cost of goods sold = Opening inventory + cost of production - closing inventory
Note that closing inventory represents the value of the goods yet to be sold at the end o the period while opening inventory represent the worth of goods brought forward from the previous period.
Cost of production is the addition of direct material, direct labour and production overhead.
The cost of goods sold for unique production is
Cost of goods sold = Opening inventory + production - closing inventory
cost of gods sold = 20,000 + (60,000 + 35,000 + 100,000) - 36,000
= $179,000
The correct answer is department secretary.
The head of ministry is equivalent to the departmental secretary in the United States.
Answer:
The correct answer is a Fee simple defeasible estate.
Explanation:
A fee simple defeasible estate is a type of property that has some conditions attached to it. In case the conditions are not conformed the estate goes back to the grantor.
The holder of such an estate holds it as a fee simple subject to that condition. If the given condition is not met the estate either goes to the original grantor or to a third party.
No, because the decision has already been made by the Board of Directors.
More about directors and decision making:
The board's decision-making process is divided into two stages: communication and decision-making. Each director decides whether to incur a cost to communicate his information to others during the communication stage. At the decision-making stage, all directors take actions (e.g., vote) based on their private information and information inferred from the discussion, and the board makes a collective decision. Directors may have conflicts of interest and thus prefer a decision that is not in the best interests of the shareholders. Directors may also have a preference for conformity and thus incur a loss if their actions differ from those of other directors, such as voting differently than the majority.
Learn more about decision making here:
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