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2 years ago

The final step in recognizing the completion of production requires a company to?

1 answer:

4 0

'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.

Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.

Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.

The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.

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QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each altern

Goshia [24]

Answer:

$12,500

Explanation:

Differential revenue = Alternative A revenue - Alternative B revenue

Differential revenue = $75,000 - $62,500

Differential revenue = $12,500

Thus, the differential revenue for this decision is $12,500

8 0

3 years ago

Earnings per share equals the: A. Total number of shares of preferred stock divided by earnings. B. Total number of shares of co

Reptile [31]

In this context, None of the given options is the formula to derive the earnings per share.

The Earnings per share refers to the portion of a firm's profit allocated to each outstanding share of common stock.

The formula for deriving EPS in a company with preferred & common stock is [[Net income - Preferred dividends) / Average outstanding common shares}

Therefore, the Option E is correct.

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2 years ago

Although people with high incomes appear to be happier than those with low incomes, people in the United States in general have

IrinaK [193]

Answer:

Real GDP is not the direct indication of happiness, because happiness is dependent on a number of other factors, which when combined can result in a happy life.

Explanation:

Real GDP is defined as the measure of the value of the output of the economy, in the macroeconomics, which reflects the money value of all goods and services produced in a given year. Here the output of the economy is also adjusted for the changes in prices occurring in the year.

According the referred application 3 of the book, it is true that the people of United States have become less happy despite the real GDP rise over the last 30 years. This is because the growth of real GDP is not able to cope up simultaneously with the increased workplace stress, jeopardized married life, traffic congestion, health problems and deterioration of environment.

In conclusion, it can be stated that Money does play an important role in increasing the happiness. However the factor alone is not able to cope up with all the problems and this is true only when all the other factors such as a conducive working environment, happy married life, healthy life are also accompanying more money.

7 0

3 years ago

Read 2 more answers

Assume a company paid $800 for a computer that it plans to sell to its customers. Suppose that because of new technology the com

Delicious77 [7]

Answer:

Decrease net income on the income statement .

Explanation:

Writing down of inventory to market price when market price is lower than cost a debit for expense is made to record loss in inventory value. Simultaneously Inventory value decreases. The recognition of loss of inventory will reduce the income since expense will be increased.

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3 years ago

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May Corporation, a merchandising firm, has budgeted sales as follows for the third quarter of the year:

Tema [17]

Answer:

Purchases= $63,050

Explanation:

Giving the following information:

Sales:

July $80,000

August $90,000

September $70,000

The cost of goods sold is equal to 65% of sales.

The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the following month.

The inventory on June 30 is less than this ideal since it is only $65,000.

To calculate the purchases for July, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

Purchases= 80,000*0.65 + (90,000*0.65)*1.3 - 65,000

Purchases= $63,050

7 0

3 years ago