The Following Information Is Available for the Williston Company for the Month

question 99

Essay

The following information is available for the Williston Company for the month ended September 30:
$\begin{array}{lc}\text { Inventory, September 1 } & \$ 600,000 \\\text { Purchases } & 2,250,000 \\\text { Freight In } & 150,000 \\\text { Sales } & 3,200,000\end{array}$ The gross margin was 40 percent of sales. What is Williston's estimated inventory balance at September 30?

Recognize the symptoms and physiological responses of the body to stress.

Learn about the theories related to stress and performance, including the Yerkes-Dodson law.

Identify coping strategies and adjustments to manage stress effectively.

Understand the role of organizational measures, such as employee assistance programs, in mitigating stress.

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Definitions:

Competitive Market Economy

An economic system where businesses compete freely with minimal government intervention, prices are determined by supply and demand, and resources are allocated through the price mechanism.

Short Supply

Short supply refers to a market condition where the availability of a good or service is less than the demand for it, often leading to higher prices.

Profitable Use

The application of resources in a manner that generates a financial gain or benefit to the user or owner.

Shortage

A situation where the demand for a product or service exceeds its supply in a market.