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A Training and Development Organization Has Fixed Costs of $1,200,000

question 12

Essay

A training and development organization has fixed costs of $1,200,000.They aid the unemployed by supplementing their incomes by $16,000 annually,while they acquire new employment skills.The budgeted appropriation for the year is $4,000,000 for all costs.How many individuals may receive financial assistance during a particular year?

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Definitions:

Cost Of Goods Sold

An expense reported on the income statement, representing the total cost of products sold, including the cost of materials and labor.

Perpetual Inventory System

An inventory management system where updates to inventory levels are made continuously as transactions occur, providing a real-time view of stock levels.

Accounts Payable

Accounts Payable represents short-term financial obligations owed by a business to its suppliers or creditors for goods and services received.

Perpetual Inventory System

An inventory management method that continuously updates the balance of merchandise by recording each sales and purchase transaction.

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