Answer:
The ending balance in the Work in Process Inventory account $72,500
Explanation:
Direct materials$ 81,500
Direct labor $191,900
Manufacturing overhead $300,000
Manufacturing overhead allocated to production $297,200
Cost of jobs completed and transferred $500,900
Ending Balance of Work in process = Beginning Balance of Work in process +Direct materials + Direct labor Manufacturing overhead -Cost of jobs completed and transferred
Ending Balance of Work in process = $0 + $81,500 + $191,900 + $300,000 - $500,900
Ending Balance of Work in process = $72,500
The require answer is Auditor's report.
Auditor's report:
- If the financial accounts are presented fairly and in line with GAAP, it is stated in the auditor's report and attested to by the auditor.
- The auditor's report expresses the auditor's judgment regarding the accuracy and conformity with GAAP of a company's financial statements.
- The auditor's view on whether a company's financial statements adhere to generally accepted accounting standards (GAAP) and are free of substantial misstatement is expressed in an auditor's report, which is a written letter from the auditor.
- A report from the auditor stating that the financial statements and accompanying disclosures were presented fairly. The outcome of this evaluation is the auditor's report, which attests to the fairness of the financial statements' presentation and related disclosures. The existence, completeness, rights and duties, accuracy and value, and presentation and disclosure of financial statement assertions are among those that a company's statement preparer attests to.
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Answer:
The income statement describes a company's revenus and expenses.
Explanation:
The income statement is one of the most important financial statements, along with the balance sheet and the statement of cash flows.
The income statement shows the company's revenues and expenses over a specific period of time, usually a year, but it can be a shorter period of time.
The resulting substraction between revenues and expenses results in the company's net income or profit for the corresponding period.
Answer:
true they occur in the environment
we have business service (business transport service)
social service (food service )
personal service
mention the consumer goods (clothing and food)
true
Answer:
a. rightward
b. MSB
c. increase
Explanation:
Externalities are defined as consumption, production and investment decisions made by individuals, households and companies and that affect third parties that do not participate directly in these transactions. Sometimes those indirect effects are minuscule. But when they are large, they can be troublesome; That is what economists call "externalities." Externalities are one of the main reasons that lead governments to intervene in the economy.
When there are externalities, indirect effects are produced that affect the consumption and production opportunities of third parties, but the price of the product does not reflect those externalities. Therefore, private returns and costs are different from those assumed by society as a whole
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