Management of Berndt Corporation Has Asked Your Help as an Intern

question 109

Multiple Choice

Management of Berndt Corporation has asked your help as an intern in preparing some key reports for August. The beginning balance in the raw materials inventory account was $33,000. During the month, the company made raw materials purchases amounting to $62,000. At the end of the month, the balance in the raw materials inventory account was $30,000. Direct labor cost was $46,000 and manufacturing overhead was $74,000. The beginning balance in the work in process account was $13,000 and the ending balance was $19,000. The beginning balance in the finished goods account was $54,000 and the ending balance was $50,000. Sales totaled $270,000. Selling expense was $18,000 and administrative expense was $49,000.
-The net operating income for August was:

• A) $20,000
• B) $21,000
• C) $87,000
• D) $83,000

Describe the methods and benefits of using social media for advocacy within the nonprofit sector.

Understand the ethical and strategic considerations nonprofits must weigh when engaging in political activities.

Understand the concept and importance of a Customer Value Proposition (CVP) in business models.

Recognize the role of innovation and adaptation in maintaining relevance and competitiveness in the market.

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Definitions:

Lobby Representatives

Individuals or groups hired to influence lawmakers and government officials on behalf of specific interests or organizations.

High Schools

Educational institutions that provide secondary education, typically serving students from approximately 14 to 18 years of age.

City Council

The legislative body that governs a city, town, municipality, or local government area.

National Election

A process where citizens of a country vote to choose leaders or make decisions on legislation at a nationwide level; often refers to presidential or parliamentary elections.