Answer:
I dont think so no loooool
Answer:
c) a credit to Work-in-Process Inventory for $432,000.
Explanation:
Based on the information given Harrington should make a journal entry on December 31 that includes: A credit to Work-in-Process Inventory for the amount of $432,000 Calculated as :
Opening WIP $68,000
Add Costs incurred throughout $450,000
Less ending WIP ($86,000)
$432,000
Dr Inventory $432,000
Cr Work-in-Process $432,000
Answer: The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.
Answer:
Precautionary demand for money
Explanation:
There are three reasons for holding money. They include;
1. Transaction Motive: This refers to the money held by individual or firms in order to finance their day to day transactions. This kind of money is used to fund daily expenditures of individuals and firms.
2. Precautionary Motive: The precautionary motive refers to the tendency of an individual or firms to hold cash in order to meet the unforeseen circumstances. This is Joneas motive of holding money again a sudden drop in income in the future. He isn't sure if his income will drop or increase but he still saves for unforseen circumstances.
3. Speculative Motive: This motive of holding money by individuals and firms is to ensure they have resources to take advantage of future business opportunities.
As the interest rate RISES, the opportuninty cost of holding money rises and people increase their speculative balances.
If the $5,000 put in an interest-bearing account for replacement is included in the estimation of the net operating income, it is typically referred to as a Depreciation Reserve.
<h3>What is depreciation?</h3>
Depreciation refers to an accounting method that allocates the cost of a tangible or physical asset over its useful life.
While the purpose of depreciation is to spread the cost of an asset over the financial periods in which the asset is put to use, investing an amount equivalent to the depreciation amount in a special account provides the cash needed for replacement.
Thus, if the $5,000 put in an interest-bearing account for replacement is included in the estimation of the net operating income, it is typically referred to as a Depreciation Reserve.
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