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2 years ago

Any purchased materials that will go into the finished product are first recorded in the.

1 answer:

3 0

Any material purchased will be recorded in the Raw material inventory account. The option for the first blank is raw and second blank is material.

<h3>What is Inventory Account?</h3>

Inventory Account refers to the account which records all the transactions related to the stock. It records the purchased of the stocks, work in progress, closing stock, opening stock etc.

The complete question is attached below.

The raw material inventory account is where all materials that will be used to create the final product are first registered.

Learn more about raw material here:

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When preparing the statement of cash flows using the indirect method, a decrease in current liabilities is added to the net inc

sergij07 [2.7K]

Answer:

b) false

Explanation:

Operating activities: It contains those transactions that affect the after-net income working capital. It would subtract the increase in current assets and a decline in current liabilities, while adding the reduction in current assets and a rise in current liabilities.

Therefore, the given statement is false.

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3 years ago

The Petit Chef Co. has 10.4 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments

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Answer:

8.10%

Explanation:

For computing the YTM we have to applied the RATE formula that is shown on the attachment

Data provided in the question

Present value = $1,119.34

Assuming figure - Future value or Face value = $1,000

PMT = 1,000 × 10.4% = $104

NPER = 7 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the YTM is 8.10%

6 0

4 years ago

Rank the following instruments in terms of credit risk. In your rankings, use 1 for the greatest credit risk and 4 for the small

bija089 [108]

Answer:

a. A Ba1 corporate bond 2 (not investment grade)

b. A ten-year BBB- corporate bond with a YTM of 7% 3 (medium risk but still investment grade)

c. A secured loan from Argosy Gaming, which is a B- rated firm 4 (less risky since it is backed by a collateral)

d. A senior subordinated bond from Argosy Gaming 1 (highest risk)

Explanation:

There are two major bond rating agencies in the US: Moody's and Standard & Poor's.

Their rankings are very similar, although the letters vary a little:

AAA: safest

AA: low risk

A: low risk

BBB: medium risk

BB: a little bit more riskier

B: risky

CCC: very high risk

CC: even riskier

C: riskiest

D: junk, in default

8 0

3 years ago

How do you find what number to multiply/divide to find equivalent fractions??? The only strategy i know if cross multiplication

algol13

Well, first find a number that both denominators in the fraction share, then you multiply whatever number it takes to get that and then multiply the same number to the numerator. Hope this helps!

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3 years ago

Read 2 more answers

At the present time, Ferro Enterprises does not have any preferred stock outstanding but is looking to include preferred stock i

PSYCHO15rus [73]

Answer:

Cost of preferred stock

= Perpetual dividend

Current market price

= $14.00

$134.26

= 0.1043 = 10.43%

Explanation:

Cost of preferred stock is calculated as perpetual dividend divided by current market price. Cost of preferred stock is the minimum rate of return expected by preferred stock holder.

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4 years ago