The Following Information Relates to SellIT

question 30

Multiple Choice

The following information relates to SellIT:
 5000 units of stock were sold for $10 per unit
 the cost of that stock to SellIT was $4.50 per unit
 other costs incurred during the period totalled $10 000
 proceeds on sale of an item of plant during the period was $2000
 the carrying amount of the plant at the date of disposal was $500.
SellIT would recognise the following amount as revenue for the period:

• A) $27 500
• B) $50 000
• C) $51 500
• D) $52 000

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Definitions:

Cohesive Group

A group characterized by strong bonds and unity among its members, who work effectively together towards common goals.

"We"

A pronoun used to denote a collective group that the speaker is a part of, emphasizing collaboration and inclusivity.

Workplace Behavior

The actions and interactions of individuals within an organizational environment.

Group Attractiveness

The degree to which a group is desirable to its members or potential members, often influenced by factors like benefits, goals, and interpersonal attractions.