The Following Data Applies to a Particular Item of Merchandise

question 1

Multiple Choice

The following data applies to a particular item of merchandise: $\begin{array}{lrr}\text { On hand at start of period } & 300 & \$ 5.10 \\1^{\text {st }} \text { purchase } & 500 & 5.20 \\2^{\text {ndd }} \text { purchase } & 700 & 5.30 \\3^{\text {rd }} \text { purchase } & 600 & 5.50\\\text { Number of units available for sale } & 2,100 \\\text { On hand at end of period } & \underline{500} \\\text { Number of units sold during period } & \underline{1,600}\end{array}$ ? Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase; and 200 from the last purchase. Using the last-in, first-out costing method, the cost of goods sold would be

• A) $8,390.
• B) $8,410.
• C) $2,530.
• D) $8,570.

Explain the concept of power in negotiations and its sources, including BATNA.

Describe the deployment of resources and the role of cooperative goals in power dynamics.

Analyze the effects of power motives and compliance strategies on relationships and negotiation outcomes.

Evaluate the effectiveness of power based on the relational definition of power.

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Definitions:

Capital Contributions

Financial or other assets given to a company by its owners or shareholders to increase its equity or meet its financing needs.

Right to Abandon

A legal or contractual option that allows an entity to give up rights to an asset without any obligations.

Investing

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Price Per Share

The value of a single share of a company's stock, determined by the market.