Given This Information, What Is the Amount of Cash Paid

question 3

Multiple Choice

Given this information, what is the amount of cash paid for inventory?

• A) $77,000
• B) $78,000
• C) $80,000
• D) $81,000

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Definitions:

Normal Time

The average time in which a task or operation should be completed under normal working conditions.

Lillian Gilbreth

An American psychologist and engineer known as the "mother of modern management," instrumental in developing industrial management techniques and the study of ergonomics.

Frederick Taylor

Known as the father of scientific management, he proposed that work processes could be optimized by breaking them down into smaller tasks and using scientific methods to determine the most efficient ways of performing them.

Labour Standards

Norms and criteria set to ensure fair working conditions, including wages, hours, and safety.