Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
9th Edition
ISBN: 9780136879879
Author: John Wild, Kenneth Wild
Publisher: PEARSON+
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Chapter 16, Problem 5EC
Summary Introduction

Introduction:

The company has to follow some basic ethics to achieve the organizational goal. The company should look over the conditions of the workers were there working and to satisfy the wants of the workers or employees so that they can move towards their goal otherwise it will become difficult to achieve the goal of the organization.

Characters in the case:

There are two characters; in this case, they are one employee and the manager of the company.

Adequate information:

Improvement of the working conditions of the employees.

To Determine:

Propose that might improve the conditions of workers and that might be get approved by upper management.

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Alanood Company wants to prepare interim financial statements for the first quarter of 2020 but would like to avoid making a physical count of inventory. During the last five years the company's gross profit rate averaged 36%. The following information for the years first quarter is available from its records: January 1 beginning inventory $150,130 Purchases $472,600 Purchase returns $6,525 Transportation in $3,450 Sales $595,575 Sales returns $4,725 Use the gross profit method to prepare an estimate of the company's March 31 inventory.
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