Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 2, Problem 2CRQ
Which employee abilities seem to be most important in determining job performance? Explain.
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Presented below is information related to Swifty Inc.'s inventory,
assuming Swifty uses lower-of-LIFO cost-or-market.
(Per unit)
Skis
Boots
Parkas
Historical cost
$285.00 $ 159.00
$ 79.50
Selling price
$318.00
$217.50
$ 110.63
Cost to distribute
$ 28.50
$ 12.00
$ 3.75
Current replacement cost
$304.50 $157.50
$ 76.50
Normal profit margin
$ 48.00
$ 43.50
$ 31.88
Determine the following:
a. The two limits to market value (i.e., the ceiling and the floor) that
should be used in the lower-of-cost-or-market computation for skis.
Celling Limit $
Floor Limit $
b. The cost amount that should be used in the lower-of-cost-or-market
comparison of boots.
The cost amount $
c. The market amount that should be used to value parkas on the basis
of the lower-of-cost-or-market.
The market amount $
All 3 questions take and provide correct solutions
Carmelita Inc. has the following information available:
Costs from Beginning
Direct
materials
Conversion
costs
Inventory
Costs from Current
Period
$5,100
6,800
$ 20,200
1,46,900
At the beginning of the period, there were 500 units in a process that
was 45% complete as to conversion costs and 100% complete as to
direct materials costs. During the period, 5,100 units were started and
completed. The ending inventory contained 400 units that were 29%
complete as to conversion costs and 100% complete as to materials
costs. The company uses the FIFO process cost method.
The equivalent units of production for direct materials and conversion
costs, respectively, were:
a. 5,100 from direct materials and 5,491 for conversion costs.
b. 5,491 for direct materials and 5,500 for conversion costs.
c. 5,491 for direct materials and 5,491 for conversion costs.
d. 5,500 for direct materials and 5,491 for conversion costs.
Chapter 2 Solutions
Organizational Behavior
Ch. 2.1 - What are the various abilities and skills that...Ch. 2.1 - How should the personality differences and work...Ch. 2.1 - What is the role of cultural diversity in...Ch. 2.2 - Why should abilities and skills be taken into...Ch. 2.2 - Describe the components of mental abilities,...Ch. 2.3 - What is the role of personality and personality...Ch. 2.4 - What are the things that managers can do to foster...Ch. 2.5 - What are some things that managers can do to...Ch. 2.6 - What role do managers undertake to ensure an...Ch. 2.7 - What role do managers play to ensure that the...
Ch. 2 - Whys is it important for managers to understand...Ch. 2 - Which employee abilities seem to be most important...Ch. 2 - Define personality. Which personality traits are...Ch. 2 - Explain how the concept of locus of control works....Ch. 2 - Describe the basic incongruity thesis. Do you...Ch. 2 - Why is it important for managers to understand...Ch. 2 - How should managers handle the gray zones that are...Ch. 2 - Define culture. How do culture and cultural...Ch. 2 - What diversity challenges do you think Johnson &...Ch. 2 - What other considerations should the company take...Ch. 2 - Johnson & Johnson prides themselves on bridging...
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