Answer:
Apportioned joint cost to A=$92,800
Explanation:
Joint costs are the costs incurred up until the split-off where two or more products result from the same production process. These common costs need to be apportioned among the joint products using any of the following basis:
physical unitsRelative sales value basis.The relative value basis apportions joint costs using the proportion of product individual sales value to the the total sales value.
Total sales value = (280×4,000) + (100×2,800) =1400000
Apportioned joint cost to A =(1,120,000/1,400,000)× 116,000=92800
Apportioned joint cost to A=$92,800
I explains in defall the two types of argomone Define what argument is, sive motital examples for both?
Explanation:
An argument is a series of statements or reasoning used to support a particular point or conclusion. There are two types of argument: deductive and inductive.
Deductive arguments are arguments that start with a general principle or statement, and use logic and reasoning to arrive at a specific conclusion. For example, a deductive argument might start with the premise that "all men are mortal," and use this principle to conclude that "Socrates is mortal."
Inductive arguments are arguments that start with specific observations or evidence, and use this evidence to arrive at a general principle or conclusion. For example, an inductive argument might start with the observation that "all the birds I have seen are brown," and use this evidence to conclude that "all birds are brown."
Here are some examples of both types of argument:
Deductive argument:
Premise 1: All men are mortal.
Premise 2: Socrates is a man.
Conclusion: Therefore, Socrates is mortal.
Inductive argument:
Premise 1: All the birds I have seen are brown.
Conclusion: Therefore, all birds are brown.
a partial adjustment to the amount owed by the customer for goods that were not returned, but did not fully meet the customer's expectations is referred to as ____.
A partial adjustment to the amount owed by the customer for goods that were not returned, but did not fully meet the customer's expectations is referred to as a sales. allowance.
The partial adjustment component is an alternative version of electricity called that captures the dynamics of the call for the conduct, allowing for the pliancy of the call with respect to each of its determinants to be expressed in each of its short-run and lengthy-run forms.
There are three main forms of adjusting entries: accruals, deferrals, and non-cash costs. Accruals encompass collected sales and costs. Deferrals can be prepaid expenses or deferred sales. Non-cash fees modify tangible or intangible fixed belongings thru depreciation, depletion, etc. This restricted capability is expressed in Equation (2) as parameters θ1 and θ12, the partial adjustment constraints. The parameter θ1 captures both the power of month-to-month behavioral inertia and the month-to-month price of capital turnover for styles of equipment that can be operated in all months (e.g., refrigerators), and the parameter θ12 captures the electricity of yr-to-12 months behavioral inertia and the fee of capital turnover that has a seasonal usage sample (e.g., air conditioners).
The parameters θ1 and θ12 will tackle values between 0 and one, with 0 similar to a scenario wherein consumers are absolutely not able to modify consumption in the direction of the long-run equilibrium, and with one similar to a scenario wherein the whole capital stock can turn over proper away and no behavioral habit exists.
To learn more about Partial adjustment visit here:
brainly.com/question/29337501
#SPJ4
manager must decide which type of machine to buy, a, b, or c. machine costs (per individual machine) are as follows: machinecost a$60,000 b$50,000 c$60,000 product forecasts and processing times on the machines are as follows: proccessing time per unit (minutes) productannual demand abc 18,000 363 211,000 131 319,000 544 422,000 322
Total Processing time in minutes per machine is 248,000 min
Define processing time.Processing time is the period of time between when a customer places an order and when the business actually fulfills that order. The time taken by a process from the time it enters the execution queue until it is finished is referred to as TAT (of its execution). WT is the total amount of time a process waits in a ready queue before receiving the CPU (to complete the I/O).
You can see from our processing times how long it previously took to process the majority of complete applications. "Being processed" indicates that the IRS must process your return before approving your refund. Even though the IRS issues the majority of refunds in within 21 days after receiving
A)
Total Processing time in minutes per machine
For machine A, total time = Total demand of each product*Processing time
= 18000*1 + 25000*5 + 15000*4 + 9000*5
= 248,000 min
Similarly for B & C can be computed
A = 248,000
B = 287,000
C = 145,000
Time available yearly (min) = Number of days*Hours/day*60 = 220*8*60 = 105,600 min.
Thus, Number of machine = Total processing time/Time available (It needs to be rounded Up to nearest whole number)
Eg. Number of machines A = 248000/105600 = 2.35. Thus, 3
A = 3
B = 3
C = 2
Total purchasing cost = Cost/machine*Number of machine
For A, Cost = 50,000*3 = 150,000$
Cost for B = 40,000*3 = 120,000$
Cost for C = 70,000*2 = 140,000$
B = 120,000$
C = 140,000$
B) Operating cost = Total processing time in hr * Cost/hr
Total cost = Total machine cost + Operating cost
So, For A, Machine cost = 150,000
Total processing time (hr) = 248000/60 = 4133.33
Cost/hr = 10
So, Operating cost = 4133.33*10 = 41333.3
Total cost = 150000+41333.3 = 191,333
Total cost for B = 120000 + 287000/60*12 = 177,400
Total cost for C = 140000 + 145000/60*11 = 166,583
A = 191,333
B = 177,400
C = 166,583
To learn more about processing time, visit:
https://brainly.com/question/15356513
#SPJ4
The complete question is:
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:
Machine Cost
A $ 50,000
B $ 40,000
C $ 70,000
Product forecasts and processing times on the machines are as follows:
PROCCESSING TIME PER UNIT (minutes)
Product Annual Demand A B C
1 18000 1 6 2
2 25000 5 5 1
3 15000 4 3 2
4 9000 5 1 6
Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 8 hours a day, 220 days a year. (Enter total processing times as whole numbers. Round up machine quantities to the next higher whole number. Compute total purchasing costs using these rounded machine quantities. Enter the resulting total purchasing cost as a whole number. Omit the "$" sign.)
Total processing time in minutes per machine:
A
B
C
Number of each machine needed and total purchasing cost
A $
B $
C $
b. Consider this additional information: The machines differ in terms of hourly operating costs: The A machines have an hourly operating cost of $10 each, B machines have an hourly operating cost of $12 each, and C machines have an hourly operating cost of $11 each. What would be the total cost associated with each machine option, including both the initial purchasing cost and the annual operating cost incurred to satisfy demand? (Use rounded machine quantities from Part a. Do not round any other intermediate calculations. Round your final answers to the nearest whole number. Omit the "$" sign.)
Total cost for each machine
A
B
C
If an economy is in long-run equilibrium, then which of the following is true for the economy's Phillips curve model?
a.The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is equal to the natural rate.
b. The short-run Phillips curve does not intersect the long-run Phillips curve, and the actual unemployment is equal to the natural rate.
c. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is more than the natural rate.
d. The short-run Phillips curve does not intersect the long-run Phillips curve, and the actual unemployment is less than the natural rate.
e. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is less than the natural rate.
If an economy is in long-run equilibrium, then the true option for the economy's Phillips curve model is option e. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is less than the natural rate.
Where does the intersection between the short run and long run Phillips curves occur?The Phillips curve shows that unemployment and inflation have an inverse connection in the short run, but not in the long run. The short-run Phillips curve (SRPC), which depicts various ratios of unemployment and inflation, is where the economy is always located.
Therefore, the long-run Phillips curve moves right as the natural unemployment rate rises. The short-run Phillips curve moves to the right to cross the LRPC curve at the higher natural unemployment rate and the predicted inflation rate.
Learn more about Phillips curve model from
https://brainly.com/question/29554450
#SPJ1
A call option with several months until expiration has a strike price of $55 when the stock price is $50. The option has _____ intrinsic value and _____ time value.
benefits committee decide to limit the number of participants who can receive a lump sum pension plan
Benefit committee decided to limit the number of participants who can receive a lump sum pension plan because this would reduce the people taking earlier retirements.
Retirement is the condition after which the person is sought to leave all the jobs or cease their working conditions as they are assumed to be old and physically consumed enough for the job. Generally the age of 60 years is considered as retirement age in many countries, though there are no hard and fast rule. Benefits at retirement helps the elderly people to sustain their living normally. If people continue early retirement then there will be lack of lump sum money which could be paid to the pensioners and this may create condition of chaos and stress among the pensioners. Hence the committee decided to reduce the participants who can receive lump sum pension.
Learn more about pension plan at:
brainly.com/question/30031206
#SPJ4
As the recently appointed auditor for B Corporation, you have been asked to examine selected accounts before the 6-month financial statements of June 30, 2020, are prepared. The controller for B Corporation mentions that only one account is kept for intangible assets. The account is shown below.Date Particulars Debit Credit BalanceJan. 4 Research and development costs $932,000 $932,000Jan. 5 Legal costs to obtain patent $72,480 $1,004,480Jan. 31 Payment of 7 months' rent on property leased by B Corp $85,400 $1,089,880Feb. 11 Premium on common stock $232,000 $857,880Mar. 31 Unamortized bond discount on bonds due March 31, 2040 $88,800 $946,680Apr. 30 Promotional expenses related to start-up of business $216,800 $1,163,480Jun. 30 Operating losses for first 6 months $247,500 $1,410,980Prepare the entries necessary to correct this account. Assume that the patent has a useful life of 10 years.
Adjusting journal entries are those made by accountants at the end of the fiscal year to close the temporary accounts and transfer the remaining balances to the permanent accounts.
Adjusting journal entries is required to accurately reflect a company's true financial position. They are used to adjust the balances of specific accounts prior to the preparation of financial statements.
Adjusting journal entries is also used to update accounts for unpaid expenses or revenue that has not yet been recorded. For example, if a company has unpaid expenses from the previous period, the expense would be recorded using an adjusting journal entry.
To correct this account, the following entries need to be made:
1. Record amortization of patent:
Date Particulars Debit Credit
June 30 Amortization expense $7,248 Patent $7,248
2. Record payment of rent:
Date Particulars Debit Credit
June 30 Cash $85,400 Rent expense $85,400
3. Record premium on common stock:
Date Particulars Debit Credit
June 30 Common stock $232,000 Paid-in capital in excess of par $232,000
4. Record amortization of bond discount:
Date Particulars Debit Credit
June 30 Amortization expense $8,880 Bond discount $8,880
5. Record promotional expenses:
Date Particulars Debit Credit
June 30 Promotional expense $216,800 Cash $216,800
6. Record operating losses:
Date Particulars Debit Credit
June 30 Operating loss $247,500 Retained earnings $247,500
After making all the entries, the account should now show the following balances:
Date Particulars Debit Credit Balance
June 30 Patent $7,248 $1,417,228
June 30 Rent expense $85,400 $1,331,828
June 30 Common stock $232,000 $1,099,828
June 30 Bond discount $8,880 $1,091,948
June 30 Promotional expense $216,800 $875,148
June 30 Operating loss $247,500 $627,648
For more questions like Adjusting journal entries click the link below:
https://brainly.com/question/28867174
#SPJ4
it is widely used as a measure of the general level of prices in an economy. it is used to adjust for changes in the cost of living over time, to compare the purchasing power of different currencies, and to calculate the actual value of wages and other income.
The worth of products and services that may be purchased with one unit of a country's currency is determined by the purchasing power parity, which measures the overall income earned by all economic sectors within a country.
The amount of items that consumers can purchase in their home country using their own currency is reflected in the exchange rate on the world currency market.
This is the total income from all economic sectors and across all countries that purchase one unit of the national currency on the domestic market. The PPP aids in cost but does not account for profits or take into account the caliber of goods in other nations.
Purchasing Power Parity is fairly compares the relative economic development levels of various nations.
Additionally, it compensates for the difficulty to correlate purchasing power across nations by using purchasing power parity, another indicator of economic advancement. A market basket of goods that takes the exchange rate into account is priced similarly in both countries, which, according to this theory, indicates that two currencies are in balance or at par.
To know more about purchasing power parity
https://brainly.com/question/28102791
#SPJ4
which of the following would be considered a qualified expense for the student loan interest deduction
Qualified expense for the student loan interest deduction include tuition, fees, books, supplies, room, board, and other necessary expenses of attendance.
A loan taken out by a taxpayer only to cover qualified educational costs for themselves, their spouses, or any dependents at the time the loan was taken out is referred to as a qualified education loan.
The costs of attending a qualified educational institution are considered qualified education expenses. These costs cover tuition, fees, books, supplies, accommodation, board, and other essential living costs. A specific amount of education-related nontaxable income must be deducted from the costs.
A postsecondary institution that qualifies to take part in the federal student loan program is an eligible educational institution. The interest must be paid along with a qualified education loan that is utilized to cover eligible educational costs at an eligible institution of higher learning.
To know more about qualified education expense:
https://brainly.com/question/29725897
#SPJ4
dvertisers are boosting spending on digital, social, and mobile media because of more _________ and the ability to communicate when and where consumers are making decisions.
a.
broadcast
b.
print
c.
precise targeting capabilities
d.
radio
Option (c), Due to better targeting options and the ability to identify the times and locations where consumers make decisions, advertisers are increasing their spending on digital, social, and mobile media.
Targeting strategy's significanceTargeting is important in marketing because it is a part of a full strategy. In addition to advertising, other factors that are affected include customer experience, branding, and corporate operations. If your company concentrates on target market segmentation, it can take the following steps: Address a particular group of people with your speech.
What advantages may firms get from online media?Digital media may reach a large audience across a large geographic area, which is just one advantage of using them for marketing and advertising. Digital media's low creation costs are its second advantage for use in marketing and advertising.
Learn more about target market segmentation: https://brainly.com/question/13363009
#SPJ4
consider kellogg's production and price choices in the breakfast cereal industry when it is characterized by the price-leadership model.
Under this theory of oligopoly, all firms other than the dominant firm act as sum price takers. Therefore, the horizontal sum of their marginal cost curves is their supply curve.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies frequently arise from the goal to maximize profits, which can result in corporate collaboration. As a result, there is less competition, higher consumer prices, and lower employee compensation.
Many industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacture, have been identified as being oligopolistic.
The above question is incomplete, the complete question is-
Consider kellogg's production and price choices in the breakfast cereal industry when it is characterized by the price-leadership model. Under this theory of oligopoly, all firms other than the dominant firm act as sum ________. Therefore, the horizontal sum of their marginal cost curves is their __________.
To know more about oligopoly here-
https://brainly.com/question/14093864
#SPJ4
The table above shows the various units of output that can be produced with different combinations of capital and labor. Which of the following statements is correct according to the information in the table?
O In the long run, there are constant returns to scale.
O In the long run, there are increasing returns to scale.
O In the short run, the marginal product of capital is constant. In the short run, the marginal product of labor is constant.
O In the short run, the law of diminishing marginal returns does not hold.
The information in the table indicates that the following statements about long-term returns to scale are true.
What do you mean by capital and labor?The two basic components of economic production are labor and capital. Labor refers to the individuals needed to produce a good or service, as well as their mental labor. Contrarily, capital describes the man-made machinery, technology, or apparatus used in the manufacture of a good or service. The amount of labor required to perform an activity, such as the number of man-hours needed to build a bed, is the total amount of work. A firm can employ capital, which is money, to boost production and, consequently, sales. In order to successfully produce, labor needs tools with which to work as well as housing, equipment, and other productive tools. All of these need capital, which is a tally of earlier earnings.
To know more about capital and labor, visit:
https://brainly.com/question/29877951?referrer=searchResults
#SPJ4
A Theory X manager would assume his or her workers are:Question 5 options:1) desirous of more delegation2) very optimistic3) desirous of promotions, raises, and more responsibility4) lazy employees who can't be trusted5) ambitious and want to work for as long as they are physically able
A Theory X manager would assume his or her workers are lazy employees who can't be trusted . Thus correct option(4).
Douglas McGregor developed the theories known as Theory X and Theory Y in 1960. These theories propose two aspects of human behavior at work, or, to put it another way, two opposing perspectives on people (employees): one is negative and is known as Theory X, and the other is positive and is known as Theory Y.
According to Theory X, individuals despise their jobs, lack motivation, and are hesitant to accept accountability. This presumption leads managers to drive their workforce using a rigorous "carrot and stick" strategy that rewards superior performance and penalizes subpar performance.
A management is more likely to believe that prompts, rewards, and penalties are the only ways to get a worker to focus if they consider that the worker doesn't enjoy their work and isn't naturally driven. To complete the task, they make use of their authority.
Learn more about Theory X to visit this link
https://brainly.com/question/27502489
#SPJ4
In what situations can too much customer service become a problem? Give examples.
Explanation:
Below are a few reason why customer service become a problem
1.Long Wait on Hold.
2.Unavailable or Out of Stock Product.
3.Making Customers Repeat Their Problem.
4.Uninterested Service Rep.
5.Poor Product or Service.
6.No First Call Resolution.
7.Lack of Follow Up.
8.New Product or Feature Request.
hope this helps
11-20 monohan machinery specializes in developing weed-harvesting equipment that is used to clear small lakes of weeds. george monohan, president of monohan machinery, is convinced that harvesting weeds is far better than using chemicals to kill weeds. chemicals cause pollution, and the weeds seem to grow faster after chemicals have been used. george is contemplating the construction of a machine that would harvest weeds on narrow rivers and waterways. the activities that are necessary to build one of these experimental weed-harvesting machines are listed in the following table. construct a network for these activities.
CRTICAL PATH: ACTIVITIES HAVING ZERO FLOATS
CRITICAL PATH: A-B-C-E-G
WHAT IS NETWORK CONSTRUCTION?Activity: A project consists of a number of operations, and it is said to be finished when all of these operations have been finished. A task is really performed as part of activity. This uses resources, including time, people, money, space, and other things.
Event: It is when a task begins or ends. In other terms, an event is a moment in time at which an activity or series of events commences or terminates. Neither time nor resources are used in this.
NETWORK:
T ES EF=ES+T LS=LF-T LF F=LS-
ES=LF-EF
Activity Time Earliest Earliest Latest Latest Float
Start Finish Start Finish
A 6 0 6 0 6 0
B 5 0 5 0 5 0
C 3 6 9 6 9 0
D 2 6 8 10 12 4
E 4 5 9 5 9 0
F 6 5 11 6 12 1
G 10 9 19 9 19 0
H 7 11 18 12 19 1
To know more about network construction activities visit:
https://brainly.com/question/29854509
#SPJ4
There are incentives for economic growth that will stimulate a manager, which of the following is not one?
Selected Answer:
The business expands into a new market and the manger sees greater opportunities
There are incentives for economic growth that will stimulate a manager, which of the following is not one- The business expands into a new market and the manger sees greater opportunities
What do you mean by economic growth?
Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation. Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP.A country's economy is said to be growing when the value of its goods and services rises, generating more revenue for companies. Consequently, stock prices increase. This provides businesses with money to expand and recruit more workers. Incomes increase as more jobs are created.To know more about economic growth here
https://brainly.com/question/1690575
#SPJ4
A firm has two plants(X and Y) producing the same product which sells for $12 each. Fixed costs are $5,000/year at plant X and $7,000/year at plant Y and variable costs are $3.00/unit and $2.00/unit for X and Y, respectively. The total profit at X and Y are equal when the volume of each plant(units) is:
total profit at X and Y are equal when the volume of each plant unit is 2000.
A corporation uses two machines to produce two goods (X and Y) (A and B). The processing times for each unit of X generated are 50 minutes on machine A and 30 minutes on machine B. The processing times for each unit of Y produced are 24 minutes on machine A and 33 minutes on machine B .There are 30 units of X and 90 units of Y in stock at the beginning of the current week. There will be 40 hours of processing time available on machine A, and 35 hours on machine B .It is anticipated that demand for X will be 75 units this week and for Y will be 95 units.
Learn more about unit 2000 here:
https://brainly.com/question/29583052
#SPJ4
A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence. Although the rest of the interview goes well and the candidate seems to have the characteristics you are looking for you give mediocre ratings because of the poor start to the interview. O First impression bias O The halo effect O The contrast effect O Selective perception
D. First impression bias, A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence.
Paul attended the same college as you, you discover during your interview with him. As a consequence, you rate Paul highly in terms of his ability and appropriateness for the firm.Projection\s, When your coworker Mia performs well on an exam for a promotion, she remarks that it was because she put a lot of effort into studying. When you perform well on the same test, Mia remarks that you were fortunate.Attribution, The order in which these actions should be performed while casting a soil imprint is: photograph the impression, frame the impression, pour the cast, and remove the cast.
A job candidate you are interviewing acts nervous, gives a weak handshake, and fails to talk with confidence. Although the rest of the interview goes well and the candidate seems to have the characteristics you are looking for you give mediocre ratings because of the poor start to the interview. O First impression bias O The halo effect O The contrast effect O Selective perception
Learn more about impression here:
https://brainly.com/question/1253405
#SPJ4
FILL IN THE BLANK. the basic purpose of ___ is to facilitate the flow of trade by establishing agreements concerning potential trade barriers such as import quotas, customs, export regulations, subsidies, and import fees.
Barriers' primary objective is to ease the flow of commerce.
What is the most prevalent trade barrier?The bulk of trade barriers function in a similar manner: they add some sort of cost (money, time, bureaucracy, quota) to trade, which raises the price or supply of the traded products. When two or more nations regularly erect trade obstacles against one another, a trade war results.
Why do trade obstacles exist?Trade restrictions are frequently put in place to safeguard domestic businesses and workers. This practice is known as protectionism. For instance, tariffs, quotas, and embargoes increase the cost and decrease the supply of foreign goods.
To know more about barrier visit:
https://brainly.com/question/29731208
#SPJ4
Oscar owns a commercial fishing boat which he uses to catch fish for sale in his fishing business. The boat is destroyed by fire in 2022. The fair market value of the boat at the time of the fire was $500,000 and its adjusted basis $300,000. He receives insurance proceeds of $450,000. For tax purposes only, he would be best off to;
A. Buy a replacement boat for his fishing business within 2 years for at least $450,000 and use it to catch fish for his fishing business
B. Buy a new building for his fishing business within 2 years for at least $450,000 that he desperately needs to process the fish.
C. Buy a replacement boat for his fishing business within 2 years for $250,000, use the new boat to catch fish for his business while putting the remaining insurance proceeds in a saving account
D. It makes no difference whether he replaces the boat or not because the fire was not a federally declared disaster
The best option for Oscar is Option A: Buy a replacement boat for his fishing business within 2 years for at least $450,000 and use it to catch fish for his fishing business.
This is because in order to qualify for a casualty loss deduction, Oscar must replace the damaged property with "like-kind" property. In this case, he must purchase a boat for fishing purposes within two years of the casualty loss.
If he does so, he will be able to deduct the difference between the adjusted basis ($300,000) and the insurance proceeds ($450,000) against his income. If he does not replace the boat, he will not be able to qualify for the casualty loss deduction.
For more questions like Casualty loss click the link below:
https://brainly.com/question/13846176
#SPJ4
Fact Pattern F. Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then indorses it to Nat, the present holder. Refer to Fact Pattern F. Suppose that Mona pays Nat on the note. With timely notice to the proper parties, Mona may collect payment on the note from Lou only No one. Jake or Kim only Jake, Kim, or Lou.
If Mona honors Nat's payment on the note. Mona may demand payment on the note from Jake, Kim, or Lou after giving prompt notice to the appropriate persons.
A promissory note, also known as a note payable, is a legal document in which one party—the maker or issuer—promises in writing to pay another—the payee—a specific amount of money under particular terms and conditions, either at a specific future time or upon demand of the payee.
Since Jake, a maker and payer, is stated in the question, he would likely pay Kim before endorsing Lou.
In this case, the Mona should obtain money from the aforementioned three parties.
To know more about promissory note
brainly.com/question/13717659
#SPJ4
The journal entry to acquire materials on credit for factory use includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Debit to Raw Materials Inventory 2 Credit to Accounts Payable 2 Credit to Raw Materials Inventory 2 Debit to Work in Process Inventory 2 Debit to Accounts Payable Credit to Work in Process Inventory 2 Credit to Cash 2 Debit to Cash
Debit to Raw Materials Inventory and Credit to Accounts Payable are included in the journal entry to purchase materials on credit for production use. In order to document a business transaction in the accounting records of the company, a journal entry is employed.
The general ledger often contains a diary entry. As an alternative, it might be entered into a subsidiary ledger, summarised, and then rolled forward into the main ledger. After then, the general ledger is utilised to produce the company's financial statements. The idea behind a journal entry is to use double entry accounting, which involves recording every company transaction at least twice. For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
To learn more about journal entry here:
https://brainly.com/question/28390337
#SPJ4
financial ratios can be used by a commercial loan department to aid the loan officers in deciding whether to grant a commercial loan and in maintaining control of a loan once it is granted. in order to gain insights into how commercial loan departments view financial ratios, a questionnaire was sent to the commercial loan departments of the 100 largest banks in the united states. based on the responses received the ratios with the highest significance rating are
Based on the responses received the ratios with the highest significance rating are the current ratio and account receivable turnover in days.
What is account receivable turnover ratio?
By analysing how long it takes to collect the outstanding debt over the course of the accounting period, the accounts receivable turnover ratio, also known as receivables turnover, is used in business accounting to quantify how well businesses are managing the credit that they extend to their customers.
What is a good turnover ratio for accounts receivable?
Companies should aim for a ratio of at least 1.0 to ensure they collect the full amount of average accounts receivable at least once during a period. In general, a higher accounts receivable turnover ratio is advantageous.
To know more about receivable turnover ratio, click here- brainly.com/question/27523896
#SPJ4
carrie is considering several different universities. she wants a university that has a strong pre-med program because she wants to become a doctor. she also wants a university that is small. furthermore, carries doesn't want to go too far from her home in indiana. a university is an example of a heterogeneous shopping product, and carrie is having difficulty comparing universities because of all of the following except .
Carrie is considering several different universities because university is an example of a heterogeneous shopping product, and Carrie is having difficulty comparing.
Why is heterogeneous a word?Generally speaking, the term "heterogeneous" refers to a mixture of distinct, separate pieces or elements. When referring to a combination of two or more different substances or the same material in several phases of matter, the word is used in a more precise manner in the context of chemistry (such as ice and liquid water).
What does the word "heterogeneous" mean?A structure that appears irregular or variegated and has different parts or elements is said to be heterogeneous. On a CT scan, a dermoid cyst, for instance, exhibits heterogeneous attenuation. It is the opposite of homogenous, which is a structure made up of comparable elements. A structure with an alien origin is referred to as heterogenous.
To know more about Heterogeneous visit:
https://brainly.com/question/29207752
#SPJ4
your favorite sporting goods store puts all of its water skiing equipment in a clearance sale right after labor day. this scale indicates the store manager is using: ____.
The Correct option is D. your favorite sporting goods store puts all of its water skiing equipment in a clearance sale right after labor day. this scale indicates the store manager is using: zone pricing.
A pricing approach in which all clients inside a described sector or area are charged an equal price; greater remote clients pay a higher price than those closer to the business enterprise's despatch point. additionally known as a couple of region Pricing. suppliers frequently promote equal brands of fuel to outlets at extraordinary charges. The charge is based on the “fee area” in which the retailer is located.
A quarter fee is a type of freight fee based on the number of geographic regions that shipping has to skip to attain its final destination. The more zones a shipper desires to bypass between its starting point and its vacation spot, the gradually better the freight charge will be. zone pricing lets retailers phase their product services into customized "charge zones"—rather than geographic obstacles—with the purpose to take local customers' possibilities, phase behavior, and price sensitivities into consideration.
To learn more about Zone pricing visit here:
brainly.com/question/9543707
#SPJ4
Complete Question:
your favorite sporting goods store puts all of its water skiing equipment in a clearance sale right after labor day. this scale indicates the store manager is using: ____.
A. seasonal discount
B. promotional allowance
C. quantity discount
D. zone pricing
in practice, raw materials, work in process and finished goods are frequently combined and reported as a single amount called on the balance sheet.
in practice, raw materials, work in process and the finished goods are frequently combined and reported as single amount called inventory on balance sheet.
What is a balance sheet?Financial accounting summarizes an organization's financial balances on a balance sheet, regardless of the sort of entity it is—a sole proprietorship, business partnership, corporation, limited liability company, or another type of institution like the government or a not-for-profit. Ownership equity, liabilities, and assets are reported as of a particular date, like the end of the company's fiscal year. The left side of a balance sheet for a firm is typically taken up by assets, while the right side, which is the finance, is broken down into obligations and ownership equity. Assets are followed by obligations. As stated inside the accounting equation, net worth must equal known as asset liabilities. The capital of a corporation is sometimes known as equity, net assets, or net worth.
To learn more about balance sheet, visit:
https://brainly.com/question/19552006
#SPJ4
according to the code of professional conduct, a distinguishing mark of a profession is which of the following?
A distinguishing mark of a profession is acceptance of its responsibility to the public.
What is a code of professional conduct?A professional code of conduct is a statement that informs staff members of how they should conduct themselves while representing their employer. The company's values, sanctions, and obligations are just a few examples of the components that can be found in a code of conduct.
Consistent honesty, the ability to handle sensitive information, the ability to be trusted with other people's property, and accurate and thorough documentation of patient care and educational activities are just a few examples of professional behavior.
Thus, A distinguishing mark of a profession is acceptance of its responsibility.
For more information about code of professional conduct, click here:
https://brainly.com/question/22596931
#SPJ4
A quantitative factor which is useful for measuring output (results) in a sales rep's performance is:A.Direct selling expense.B.Gross margin.C.Days worked.D.Advertising displays set up.E.Meeting held with dealers.
A quantitative factor which is useful for measuring output (results) in a sales rep's performance is: B. Gross margin
Retail purchases are subject to sales tax. It is employed to pay for local, state, and federally funded infrastructure projects including fire departments, roads, and schools. The Exact Response: Sales tax is an intake tax that is typically levied at the point of sale of goods from stores to individual customers. When a tax is applied to both the purchase and sale of goods and services for consumers and businesses, it is said to be an income tax. It's a type of intake tax, which means it levies a fee on people when they spend money.
A quantitative factor which is useful for measuring output (results) in a sales rep's performance is:A.Direct selling expense.B.Gross margin.C.Days worked.D.Advertising displays set up.E.Meeting held with dealers.
Learn more about sales here:
https://brainly.com/question/29857652
#SPJ4
choose the best alternative: i. exchange rate risk results from changes in the exchange rates between the currency of the investor and the country in which the investment is made ii. exchange rate risk can be hedged by using a forward or futures contract in foreign exchange iii. exchange rate risk is a pervasive source of risk in internationally diversified portfolios
Exchange charge risk refers to the risk that a company's operations and profitability may additionally be affected by means of modifications in the trade fees between currencies.
Companies are uncovered to three sorts of risk precipitated by means of currency volatility: transaction exposure, translation exposure, and financial or operating exposure.
What are the 3 elements of alternate rate risk?The three types of overseas exchange hazard include transaction risk, monetary risk, and translation risk. Foreign alternate threat is a most important chance to consider for exporters/importers and corporations that change in international markets.
One of the dangers related with foreign alternate is the uncertainty of future trade rates. The relative values of the two currencies ought to alternate between the time the deal is concluded and the time charge is received.
Learn more about exchange rate risk here:
https://brainly.com/question/28009208#SPJ4when there is free entry and exit in a market, in the long run, price will: never change. keep rising. equal average cost. keep falling.
In the long run, with free entry and exit, the price in the market is equal to both a firm's marginal cost and its average total cost.
Hence, Option C is correct.
Economists use the phrase "free entry" to refer to a situation in which producers can freely enter the market for an economic good by starting production and selling the commodity. In a similar vein, free exit happens when a firm is free to leave the market when it experiences financial losses.Similar to how new businesses will shut down if they begin to lose money. Existing businesses will continue to leave until the product price increases while new businesses will continue to enter the market. As a result, businesses will only be able to manage typical profits over time.To know more about Market here
https://brainly.com/question/2985402
#SPJ4