Nonkey jobs are those that are common to many organizations.
Answer the following statement true (T) or false (F)
False
Nonkey jobs are those that are unique to organizations and that cannot be directly valued or compared through the use of market surveys. Therefore, they are treated differently in the pay-setting process.
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Western Sky Company sold 500 units of inventory at $25 per unit for cash. The company uses the perpetual inventory system and the FIFO inventory costing method. The beginning inventory included 550 units at a cost of $15 per unit. The cost of the most recent purchases is $10 per unit. Prepare the journal entries to record the sale. Omit explanations.
What will be an ideal response?
KAB Inc., a small retail store, had the following results for May. The budgets for June and July are also given. May(actual) June(budget) July(budget)Sales$42,000 $40,000 $45,000Less cost of goods sold 21,000 20,000 22,500Gross margin 21,000 20,000 22,500Less selling and administrative expenses 20,000 20,000 20,000Net operating income$ 1,000 $ 0 $ 2,500Sales are collected 80% in the month of the sale and the balance in the month following the sale. (There are no bad debts.) The goods that are sold are purchased in the month prior to sale. Suppliers of the goods are paid in the month following the sale. The "selling and administrative expenses" are paid in the month of the sale.The amount of cash collected during June should be:
A. $40,400 B. $40,000 C. $41,000 D. $32,000
Describe the main points of the Railway Labor Act of 1926, the National Labor Relations Act of 1935, and the Labor Management Relations Act of 1947.
What will be an ideal response?
______ is the glue that holds organizations together.
Fill in the blank(s) with the appropriate word(s).