Answer:
Main route:
Smelting --> Rolling --> Converting --> Sheared Sheet
Secondary route -->
Smelting --> Rolling --> rolled sheet
1) Smelting trasnferred materials into Rolling
2) It will be part of that department work in process inventory
"WIP SConverting debit then factorty overhead credit"
Later it will be transferred out as a complete process therefore,
Finished good Inventory - Shared sheet
3) the Smelting department transfer the entire of his output into Rolling department
4) the finished good will become cost of good solg once they are sold.
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Explanation:
We have to read he description of how the processing system works and check to whichdeparmtent are the goods being transferred or sold.
Answer:
I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.
Explanation:
This is one of the lesson from the activity. That, loans and debts are important part of life of someone but the most important thing, is to remember to clear off those loans and debts. this could be done through the gradual payment till all the debts are cleared.
Answer:
E. The quantity of beef supplied decreases and the supply of beef is unchanged.
Explanation:
In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is <u>unchanged</u>. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.
Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements
Explanation:
Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.
He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.
The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.
Answer:
d. $7,032
Explanation:
The computation of the interest expense is shown below:
= Sale value of the bond × market interest rate ÷ 0.5
= $117,205 × 12% ÷ 0.5
= $117,205 × 6%
= $7,032
Simply we multiply the sale value of the bond with the market interest rate so that the accurate amount of the interest expense can come.
We divide it by 0.5 because as the number of months is 6 months and total months is 12. The six month is calculated from the January 1 to July 1
