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3 years ago

Goods a company acquires to use in making products are called:

Business

1 answer:

Afina-wow [57]3 years ago

6 0

Answer:

b. Raw materials inventory.

Explanation:

There are basically three cycles to make a product ready to sale

1. Raw material

2. Work in process

3. Finished goods

The raw material is the part of the product. In the work in process, the products parts are in process to combine all the parts of the products. And, in the finished goods cycle, after processing the product, the product is finished and then the product is ready to sale.

The costs of goods sold and the conversion cost are the cost which are related to the product

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On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating

Inessa05 [86]

Answer:

D) $16,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered

Explanation:

Options include <em>"A) $20,000 Discount Expense plus a $12,000 positive Adjustment to Net Income when the merchandise is delivered. B) $20,000 Discount Expense plus a $12,000 negative Adjustment to Net Income when the merchandise is delivered. C) $20,000 Discount Expense plus a $20,000 negative Adjustment to Net Income when the merchandise is delivered. D) $16,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered E) $20,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered."</em>

<em />

Discount expense

= ($1.41 - $1.37) * 400,000 euro

= $0.04 * 400,000 euro

= $16,000

Adjustment at Delivery

= ($1.41 - $1.36) * 400,000 euro

= $0.05 * 400,000 euro

= $20,000 (positive)

6 0

2 years ago

Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur

vladimir2022 [97]

Answer:

A person whose salary has increased is able to purchase fewer goods and services.

Explanation:

Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.

Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.

In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.

7 0

3 years ago

You put up $80 at the beginning of the year for an investment. The value of the investment grows 2% and you earn a dividend of $

Evgen [1.6K]

If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.

<h3>HOLDING PERIOD RETURN (HPR)</h3>

Using this formula

HPR=Investment grow+(Dividend/Beginning investment)

Let plug in the formula

HPR=2% + ($8/$80)

HPR=2% +10%

HPR=12%

Therefore If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.

Learn more about HPR here:brainly.com/question/20383546

#SPJ1

5 0

2 years ago

The following information is available for Ivanhoe Company. April 1 April 30 Raw materials inventory $10,500$14,000 Work in proc

Fiesta28 [93]

Answer and Explanation:

The preparation of the cost of goods manufactured schedule for the month of April is presented below

Beginning work-in-process inventory $4,840

Manufacturing costs:

Direct materials:

Beginning inventory $10,500

Purchases $97,700

Materials available $108,200

Less: Ending inventory -$14,000

Direct materials used $94,200

Direct labor $80,300

Manufacturing overhead $162,000

Total manufacturing costs: $336,500

Total costs of work-in-process $341,340

($4,840 + $341,340)

Less: Ending work-in-process -$3,700

Cost of goods manufactured $337,640

Basically we simply the cost of goods manufactured formula

3 0

3 years ago

Hal and Gavin are siblings who own a mattress recycling company. Demand has been increasing for their services and the brothers

Yakvenalex [24]

I think it's A. They decide to open a mattress drop off site, downtown, because the marginal, cost of the new location is less than the other projects.

4 0

3 years ago