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2 years ago

The discounts lost account is used under the ___ method for inventory. multiple choice question. periodic gross perpetual net

Business

1 answer:

maxonik [38]2 years ago

7 0

The discount lost account is used under the net method for inventory.

<h3><u>What is discount?</u></h3>

When a security is trading for less than its intrinsic or basic value, it is said to be trading at a discount in the world of finance and investment.
When a bond's price is trading below its par value, or face value, in the fixed-income market, a discount is present.
The extent of the discount is equal to the difference between the price paid for a security and its par value.
Bonds may trade at a discount for a variety of reasons, such as rising interest rates, problems with the underlying company's credit, or riskiness when compared to comparable bonds.

The discount rate, an interest rate used to calculate the time worth of money, should not be confused with a discount.

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Moe has entered into a contract with Larry. Subsequently, Moe assigns his rights in that contract to Curly. Which of the followi

bazaltina [42]

Answer:

Larry protests the assignment and demands that Moe not make the assignment.

Explanation:

An assignment is defined as the transfer of the responsibility of performing a task or contract to another person.

In this instance Moe is trying to assign the contract he has with Larry to Curly.

Curly will now take responsibility for the execution of the contract.

Assignment is allowed if performance of the task is assured, and the other party has no grounds to object if performance will not be affected.

The situation where the assignment will not be prevented is when Larry protests the assignment and demands that Moe not make the assignment.

However the assignment can be prevented if there is an anti-assignment clause, violate public policy, or materially alter Larry's duties and cause an increased burden or risk to Larry.

4 0

3 years ago

Material requirements plus an allowance for normal inefficiencies are added together to determine the.

azamat

Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

<h3>What is the standard quantity?</h3>

The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.
It is calculated by multiplying actual production units by the standard material quantity per unit.
For example, during the month of March, a company manufactured 2000 items.
The typical amount of material needed to produce one unit of output was 5 pounds.
A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities].
Chemists conduct many measurements.
If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.

Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.

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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.

4 0

1 year ago

Fitness Bands Corporation gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materia

Eduardwww [97]

Question:

standard total cost Actual total cost

Direct material

Standard 2000 pints $3.50/pint $7,000

Actual 2,500 pints $5.00/pint $12,000

Answer:

Materials quantity variance= $1,750 unfavorable

Explanation:

<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity. </em>

<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price </em>

pints

Standard quantity allowed 2,000

Actual quantity used <u> 2,500</u>

Quantity variance 500 unfavorable

Standard price <u> $3.50 </u>

Materials quantity variance <u>1,750 </u>unfavorable

Materials quantity variance= $1,750 unfavorable

8 0

3 years ago

4. It's important to remain open during communication and understand that communication and dialogue involves ______ the thought

Shkiper50 [21]

I would think that the answer is influencing. I hope this helps lmk. =)

6 0

3 years ago

Read 2 more answers

Edward Dorsey is a part-time employee, and during the biweekly pay period he earned $395. In addition, he is being paid a bonus

Nastasia [14]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

6 0

3 years ago