1. Based on your own research on industrial/commercial and government purchasing‚ what are those elements that you consider to be unique to each? The difference is the two is the government has certain authority and rights that commercial enterprises do not have in my opinion. The government is not in the business in making a profit. There are certain price limits set by the government that can not be exceeded majority of the times when making purchases. In Federal Government contracting‚ specific
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You have two types of inventory making up your cost of goods sold: 1. Direct materials: This is the inventory the you purchase to make the products. For example‚ to handcraft a leather purse‚ you may purchase leather‚ zippers‚ snap‚ grommets etc. 2. Work in process: This inventory category includes direct materials that have been partially but not completely made into sellable products - for example‚ your leather purse is missing a zipper closure or straps. Ok‚ now that you understand the two different
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large and have a high profile because sales value is high and it incurs heavy cost of advertisement expenses. Answer 2: This is possible because the sales of Company B are 3.4 times higher than the sales of Company A‚ so even the large expenditure doesn’t affect the Net Income. Answer 3: A: = $211686/$415072*100 = 50.99% or Say 51% B: If Cost of Goods Sold of Company B is 58%. Than COGS = $240742 and Total Operating Expenses are $149025. Hence $415072-$240742-$149025 = $25305. Therefore Net
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Although the world may disagree about many issues there is a commonality that continuously unites nations from all over the world‚ and it is a fundamental system in which the world cannot function without‚ the International System of Units (SI). The SI was established in 1960 by the 11th Conference of Weight and Measures; it began with 17 nations including the United States and today has become widely used among 51 nations (Historical). The SI is a metric system of units of measurement and is predominantly
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EARTH AFTER A 5000 YEARS!!!! If you could travel back in time five centuries‚ you’d encounter a thriving Aztec empire in Central Mexico‚ a freshly painted "Mona Lisa" in Renaissance Europe and cooler temperatures across the Northern Hemisphere. This was a world in the midst of the Little Ice Age (A.D. 1300 to 1850) and a period of vast European exploration now known as the Age of Discovery. But what if we could look 500 years into the future and glimpse the Earth of the 26th
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Advantages Of Performance Appraisal It helps the supervisors to chalk out the promotion programs for efficient employees. In this regards‚ inefficient workers can be dismissed or demoted in case. It helps in chalking out compensation packages for employees. Merit rating is possible through performance appraisal. PA tries to give worth to a performance. Compensation packages which include bonus‚ high salary rates‚ extra benefits‚ allowances and pre-requisites are dependent on performance appraisal
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2000 Word Essay on Disrespecting an NCO by SPC BUTLER On November 21‚ I received a negative counseling for disrespecting a Non Commissioned Officer‚ though it was warranted by a series of events I didn’t agree with I should have found a more appropriate way to voice my concerns. The online dictionary defines disrespect as an expression of lack of respect and a fashion that is generally disrespectful and contemptuous. I define disrespect as putting one down verbally‚ physical or emotionally. In
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materials costs are $40 per product. Direct labor costs are expected to be $30 per product. You expect to sell each product for $110. You plan to produce 100 products next month and expect to sell 90 products. A. Prepare cost of production‚ cost of goods sold‚ and inventories schedules for next (the first) month. B. During the second month‚ you plan to produce 110 products but expect sales in the month to be 115 products. Prepare cost of production‚ cost of goods sold‚ and inventories schedules
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Running head: MANAGEMENT 5000 FINAL EXAM Management 5000 Final Exam Lisa Halvorson Webster University The Influence of Individual Values on Decision Making The old adage “hind sight is 20/20” or “arm chair quarterbacks” are colloquialisms used daily in the military. Judging other leader’s failures after the fact is easy‚ but trying to make a timely decision under extreme pressure like a small arms attack to keep everyone alive is not so easy. According to Brasfield‚ there are barriers
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Sales - Cost of goods sold = Gross margin 2. Cost of goods sold = Beginning inventory + Purchases – Ending inventory 3. Inventory is reported on the balance sheet at replacement cost when it is less than cost. 4. Inventory turnover (3.79) = Cost of goods sold ($750‚000) ÷ Average inventory ($188‚000 + $208‚000)÷ 2 5. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 6. Average days to sell inventory (96.3) = 365 days ÷ Inventory turnover (3.79) 7. LIFO cost of goods sold
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