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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

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4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

Answer is complete but not entirely correct.

It says my answer to average cost gross profit is not correct!!! I need the answer for this one

e look at leadership from the manager’s perspective and explore the differences looking at leadership from a leader’s perspective.  Managers focus on process, procedure, and implementation of the organization’s purpose.  A manager's perspective is about getting the job done and keeping stability.  
In a recent virtual management meeting the Heads of the various marketing departments of Biotech met to discuss the recent decline in sales of food supplements since Nestle and General Mills entered the market.  In a meeting to get direction on how to fix the drop in sales, the question came up about who should handle the matter - the marketing managers or the owners.  One manager said, “A problem like this should have a solution from the top.”  Another manager responded, “I do not agree. We have dips in sales all the time and we go out and fix them using our own ideas and talent.”  “I agree, managers are leaders too” another voice said.  Maximillian Barney sat back in the Yonkers conference room away from the camera noting that the Americans wanted to move on their own, the Europeans held back but signaled agreement with the Americans.  The rest were quiet.  

Question.  Maximillian pondered, “How do I see my managers - are they leaders too?”
Looking back at week one theorists and our readings this week, how should Maximillian answer this question?
 
Learning Activity #2 - Theme 2
The manager must be able to solve problems, communicate, and lead teams toward the completion of a task.  
You are the manager of the HR department in New Mexico.  Headquarters has just sent you the new employee turnover figures for the various departments. For some reason the Quality Control Department is losing way more than the average number of lab techs.  Training new employees is costly to the company and the high turnover is costing money that could be better spent elsewhere.
Research uncovered the problem. Skilled lab techs were leaving to go to a company not far away that was paying more.  One employee, who has been with the company for five years, said she stayed with Biotech despite being approached by the company down the street because, “Although the new company paid more, Biotech offered better health care benefits.”  She had a sick son.  She indicates that she wished she could receive more flexible hours or work from home.  

Question. Using employee’s feedback or facts from the case scenario, and the weekly readings, what ideas should you consider offering to the Quality Control Manager to keep people from leaving and why?  Be sure to include in the explanation what motivates people and how your ideas are reflective of motivational theory.

Mrs. Lincoln was employed by GGH Inc. until October, when he accepted a new position with Murdock Inc. Mrs. Lincoln earned $145,000 compensation from GGH and $36,000 compensation from Murdock. Which of the following statements is false?

Multiple Choice

A. Murdock must withhold Social Security tax from Mrs. Lincoln's $36,000 compensation.

B. Murdock must withhold Medicare tax from Mrs. Lincoln's $36,000 compensation.

C. Mrs. Lincoln is entitled to an income tax credit for both excess Social Security tax and excess Medicare tax withheld by her employers this year.

D. Both GGH and Murdock must pay the full amount of employer payroll tax on the compensation paid to Mrs. Lincoln.

Markets, (Capitalism) historically have rewarded the individual according to their output. Socialism rewards people according to their needs. With the current economic system, we are seeing bail outs of the financial as well as the Banking industry. Is this Socialism, Capitalism, or a new type of economic system for the individual and the Corporation?

• What is the difference between being a manager and a leader?
• Describe the traits of the individual you consider to be a great manager.
• Describe the traits of the individual you consider to be a great leader.
• Do you think it is possible to train someone to become a great manager or leader? Why or why not?

2. a. Graph a budget constraint for an individual with 280 hours a week, nonlabor income of $120 per week, and a wage of $10 per hour.  

Show this person's indifference curve such that he is working 50 hours a week. Label his leisure, labor, and income.

b. suppose this individual decides to work 60 hours a week once his wage increases to $12 per hour. Which portion of his labor supply curve is he on (Is the substitution effect or income effect dominant for this individual?)

c. Graph his new equilibrium.

Consider an individual making choices over two goods, x and y with initial prices px= 2 and py= 1, with income I= 100: (a) If an individual has the utility function u(x;y) = 3x+y. what would the total, income and substitution effects of a price of x increase to 5? Show your work (b) If an individual has the utility function u(x;y) =x^2+y^2; what would the total, income and substitution effects of a price of x decrease to 0:50? Show your work

An individual owns a car that is worth $20,000, and is considering buying insurance. However, the only insurance which is available has a maximum coverage of $15,000, i.e. the policy will pay only $15,000 if the car suffers a total loss in an accident. The price of the policy is $1,800. There is a 10% chance of having an accident in which the car is a total loss. The focus here is to calculate the expected values with and without insurance. It is not necessary to calculate the variance and standard deviation, as it is obvious that there is less risk with insurance.

(a) Will a risk-averse individual buy the insurance? Show your work and explain.

(b) Will a risk-neutral individual buy the insurance? Show your work and explain.

(c) Will a risk-loving individual buy the insurance? Show your work and explain.

(d) How would your answer to (a)-(c) change if the policy paid $20,000 if the car was a total loss? Explain.

Question 2: Exponential distribution

The time (X) that an infected patient with COVID19 may infects other people in a gathering, if he/she is not wearing a mask, is exponentially distributed with mean (µ= 6) minutes. Answer the following questions:

1. What is the probability that an infected and unmasked patient infects others in less than 5 minutes?
2. What is the probability that an infected and unmasked patient infects others in more than 10 minutes?
3. The Department of Health stated that there is 90% chance that a healthy individual will be infected by an infected and unmasked patient in less than 15 minutes in a gathering. Check if the Department of Health is correct. Show your work.
4. If the mean time to infect a healthy individual (µ) by an unmasked infected patient is unknown, but we know that the probability that the time to infect a healthy individual to be more than 20 minutes is 0.41. What was the mean time to infect a healthy individual?