Problem 1, The following data pertain to a single department for the month of October for ABC Company.
At CostAt Retail
Beginning inventory…………………………..35,000 40,000
Purchase ……………………………………...50,000 80,000
Purchase discount………………………………5,000 15,000
Purchase return and allowance…………………10,000 14,000
Sales (net)…………………………………………………………...70,00 0
Additional markup ………………………………………………….20,000
Markup cancellation ………………………………………………….5,000
Markdown ………………………………………………………….10,000
Markdown cancellation ……………………………………………...6,000
Normal spoilage……………………………………………………..7,000
Normal shortage …………………………………………………….3,000
Abnormal spoilage ………………………………………………….5,000
Required: Compute the estimated cost of ending inventory using:
A. Conventional Retail Method
B. Cost Retail Method
C. Gross Profit Method, if markup percentage is 20 % on cost

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.

To travelers know what to expect researchers collect the prices of commodities

Portionpac has been a good corporate citizen for fifty years. which of the following is not an argument in favor of social responsibility and corporate citizenship?