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Hunter-Best [27]
3 years ago
14

For the following accounts, indicate what causes the account to increase and decrease. The first account is completed as an exam

ple. (Abbreviation used: OH=overhead)
Account Is increased by: Is decreased by:
Raw Materials Inventory Materials purchased Materials used
Work-in-Process Inventory
Adjustment for over/under allocation of OH Completion of jobs Direct labor incurred Direct materials used Manufacturing overhead allocated Materials purchased Materials used Shipping sold jobs
Table of accounts
Account Is increased by: Is decreased by:
Raw Materials Inventory Materials purchased Materials used
Work-in-Process Inventory
Finished Goods Inventory
Cost of Goods Sold
Business
1 answer:
zvonat [6]3 years ago
3 0

Answer and Explanation:

The causes of the account to increase and decrease is shown below:-

Account                               Is increased by               Is decreased by

Raw material inventory     Material purchased        Material used

Work-in-progress

inventory                            Direct material used       Completion of jobs

                                           Direct labor incurred

                                           MOH allocated  

Finished goods

inventory                        Completion of jobs         Shipping sold jobs

Cost of goods sold       Shipping sold jobs          Adjustment for over/under

                                                                                allocation of OH

                                   Adjustment for over or under

                                          allocation of OH

The above shows the increment and decrement of each item and the same is being considered

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hichkok12 [17]

Answer:

3

Explanation:

Jordan brought $20 to the movie theater to spend on popcorn and candy bars. Popcorn costs $5 a bucket and a candy bar costs $3.

If he buys two buckets of popcorn, the amount spent on popcorn will be " buckets x $5 = $10

what would be the largest number of candy bars that he can purchase is Total amount less amount spent on popcorn, divided by the cost of candy bars.

That implies = (20 - 10) = $10 balance cash / $3 price per candy bar = 3 candy bars

8 0
4 years ago
I am a rational and risk-averse person, and I have an option of making the following bet: I receive $500 cash, after which I rol
Tamiku [17]

Answer:

I should not accept the bet; the precise level of risk aversion does matter.

Explanation:

Risk averse person is the one who is not willing to take the risk even if he is given high returns. Risk averse person will always avoid the risks. In the given scenario the person is risk averse. If he rolls out the dice he has to pay $200 times the dice number which means he just have two chance (dice rolls 1 or dice rolls 2) for getting return otherwise he will loose the bet and he will have to pay money from the pocket.

4 0
3 years ago
________ refers to searching for information that is not immediately evident and sorting through that information to interpret w
igomit [66]

Answer:

C) Environmental scanning

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.

Hence, the search for an information that isn't immediately evident and sorting through or analyzing that information to interpret what is important to an organization is generally referred to as environmental scanning.

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Answer:

D. Increases stockholders' equity.

Explanation:

In the case when the treasury stock is resold for high amount that was buy so the difference occurs between the cost and the cash collected once it is resold should increase the stockholder equity

As when the treasury stock is sold, the journal entry is

Cash  

       To Treasury stock(cost value)

      To Paid in capital from treasury stock

(being the treasury stock is sold)

So, It doesn't impact the income statement as it is shown in the stockholder equity

3 0
3 years ago
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HACTEHA [7]

Answer: ( C ) Health care spending accounts

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***If you found my answer helpful, please give me the brainliest, please give a nice rating, and the thanks ( heart icon :) ***

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