<u>Answer:</u>
<em>Purchased items or extracted materials that will be transformed into components or products are called (</em><u><em>A) Raw materials inventory
</em></u>
<u>Explanation:</u>
Raw materials inventory is the complete expense of all segment parts at present in stock, which is not in use, therefore, a continuous process or completed stock creation. There are two subcategories of crude materials, which are direct materials. These are materials fused into the last item.
Raw materials may at times be announced out of date, perhaps because they are never again utilized in organization items, or because they have debased while away, thus can never still be used
The third function explains that money is a medium of exchange. It means that it is better to use the money used in the country itself to gain better service because it would provide better protection. Costumers would be more satisfied if the business would accept the money they have and it would be safer and mutually good for both if the customer would transact using the currency country's currency.
Source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money
Answer:
d. soft rationing
Explanation:
Soft rationing -
It is the process in which the company itselves takes the decision to limit the amount of capital , which is used for the investment for a given period of time , is known as soft rationing .
It is referred to as soft , as the decision is taken by the firm itself , where the changes and alteration all are done by the firm only according to the future goals and practices .
hence , from the question , the situation given , depicts - soft rationing .
Answer:
$6,500 was distributed to preferred shareholders
Explanation:
Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.
Value of Preferred share = 8000 shares x $10 par value = $80,000
Preferred Dividend = $80,000 x 5% = $4,000
Accrued dividend of 2016 = $4,000 - $1500 = $2500
Total Dividend Accrued = $2,500 + $4,000 = $6,500
Answer and Explanation:
The computation and journal entries are shown below:
1.. The total compensation cost is
= 15 million × $3 per share
= $45 million
2.
On Jan 1
Deferred compensation expense $45 million
To Common Stock $15 million
To Additional paid in capital $30 million
(Being expense is recorded)
3.
On Dec 31
Compensation expense ($45 ÷ 3) $15 million
To Deferred compensation expense $15 million
(Being expense is recorded)
