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From the following data, calculate the value of purchases of raw materials:
Raw material consumed $= \text{Rs. }26{,}500$; Closing stock $= \text{Rs. }4{,}500$; Opening stock $= \text{Rs. }3{,}000$.
Using the raw material formula:
$\text{Purchases} = \text{Consumption} + \text{Closing Stock} - \text{Opening Stock}$
$= 26{,}500 + 4{,}500 - 3{,}000 = \mathbf{Rs.\ 28{,}000}$
Opening stock plus purchases minus closing stock equals consumption. Rearranging: Purchases $=$ Consumption $+$ Closing Stock $-$ Opening Stock.
The concept of 'avoiding common personnel mistakes' includes all EXCEPT:
Common personnel mistakes to avoid include: hiring wrong people, high turnover, employees not doing their best, discriminatory actions, unsafe practices, inadequate training, and unfair labor practices. Maximizing employee potential is a goal, not a mistake to avoid.
- Total moles $n = 0.5 + x$
- $200 \times 10 = (0.5 + x) \times R \times 1000$
- $2000 = (0.5 + x)1000R$
- $2 = (0.5 + x)R$
- $2/R = 0.5 + x$
- $x = \frac{2}{R} - \frac{1}{2} = \frac{4-R}{2R}$
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