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hram777 [196]
3 years ago
11

Cost of Goods Sold account is debited and Finished Goods Inventory is credited for A) purchase of goods on account. B) the sale

of goods to a customer. C) transfer of materials into Work-in-Process Inventory. D) transfer of goods to the Finished Goods Storeroom.
Business
1 answer:
Firlakuza [10]3 years ago
7 0

Answer:

B) the sale of goods to a customer.

Explanation:

When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.

For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:

Account                                    Debit           Credit

Cash                                         $1,200

Sales Revenue                                             $1,200

Cost of Goods Sold                $1,000

Finished Goods Inventory                           $1,000

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When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ___ s
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They are using the market niche strategy. 
7 0
4 years ago
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno
raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \dfrac{1}{0.85} due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \dfrac{1}{1.1} because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \dfrac{1}{0.95}  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\sigma' = \dfrac{P'}{A'}

where,

\sigma = stress

P = load

A = cross-sectional area of the cylinder

∴

\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}

replacing P' with \dfrac{1}{1.1}P   and d' with \dfrac{1}{0.95}d, we have:

\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }

\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times 0.82045

\dfrac{\sigma' }{\sigma } =0.82045

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

n_d = \dfrac{loss  \ of  \ function \  parameter }{maximum \  allowable \ parameter}

where;

the design factor = n_d

n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}

the design factor  n_d = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0
3 years ago
Which of the following decisions is part of the HR function of compensation?
DIA [1.3K]

Answer:

D. Whether to pay office workers a wage or a salary

Explanation:

Compensation refers to the regular payments that employers extend to employees for work done. It is the reward employees get for rendering services to the employer.

The compensation scheme is an organization is managed by the Human resources department ( HR). The HR manager, in consultation with other managers, set the amount of compensation and benefits that each employee in the organization is entitled to.

It is the HR that decides the contracts to award employees, whether permanent or temporary. HR determines whether to pay wages or salaries.

6 0
3 years ago
Sophie, the CFO of Slolum Ski Supplies, received a watch from one of her company's largest vendors, Colorado Ski Shoppe. She rec
Angelina_Jolie [31]

Answer: D. Whether the gift was reasonable in the circumstances

Explanation:

One of the code of American Institute of Certified Public Accountants is that members should maintain their integrity and be objective in carrying out their duties.

In the situation above, the major consideration should be whether or not the gift is appropriate and reasonable in the circumstances.

4 0
3 years ago
What is the minimum wage per hour in South Africa at<br> 2021?​
DedPeter [7]

Answer:

R21,69

Explanation:

Minimum wage is least amount a worker can earn in a particular country according to the legislation of that country.

According to the Employment and Labour minister TW Nxesi, he announced that the National Minimum Wage (NMW) for each ordinary hour worked has increased from R 20,76 to R 21,69 for the year 2021 effective from 01 March 2021.

The NMW legislation came into effect in South Africa on 01 January 2019 at a level of R 20 per hour. In terms of NMW act of 2018, the policy framework is a floor level below which no employee should be paid.

So, <u>the minimum wage in South Africa as at 2021 is R 21,69</u>

6 0
3 years ago
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