Answer: 21000
Explanation:
Direct materials inventory desired = 6,000
Purchase of direct materials budgeted = 5000
Pounds needed for production = 5000 × 4 = 20000
The number of pounds in Salter's beginning direct materials inventory on January 1 will be:
= Direct materials inventory desired + Pounds needed for production -
Purchase of direct materials budgeted
= 6000 + 20000 - 5000
= 21000 pounds
Answer: C) mutually unexecuted contracts between buyers and sellers.
Explanation:
Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.
In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.
This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.
When the market value of all final and intermediate goods and services in an economy are added up in a given year, this would lead to <u>Double Counting. </u>
<h3>What is double counting?</h3>
Double counting is a problem in Gross Domestic Product calculation where intermediate goods are added to final goods to determine the country's productivity.
Adding intermediate goods is a faux pass because the value of intermediate goods are included in the final goods and services price so there is no need to add them again.
If they are added, then the value of the intermediate goods would have been counted twice or double. This is where double counting comes from.
For instance, when making bread, flour is an intermediate good. The bread already includes the cost of this flour so adding the cost of the flour would mean inflating the true cost of the bread.
In conclusion, this is double counting.
Find out more on double counting at brainly.com/question/1112587
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Answer:
- An increase in the family's car payment means the family will be unable to afford a vacation.
- A newer model offers better protection and functions but is more expensive than an older model.
Explanation:
A trade off is synonymous to opportunity cost. It occurs when one forgoes a best alternative when they chose another. In this case, if this family chooses to buy a new car, you answer the question by looking at the next best thing they are giving up. That could be a vacation; they may not afford it since they would spend the money to buy the car. Additionally, a new car has new parts and is safer than an old car but it costs more; that's also a trade-off.
