<span>When trying to finance higher education, one should first turn to scholarships and grants. Scholarships and grants are free money given by either the government or the educational institution that is there to recognize outstanding pupils in the area they are great in. Following that, one should turn to federal student loans as they offer a low interest rate, followed finally by private loans.</span>
<span>MRP stands for Material Requirements Planning and thus for the planning of the demand for necessary raw materials. If properly planned, the error rate decreases and productivity increases.</span>
Answer: The correct answer is "sole proprietorship".
Explanation: The profits are donated to an orphanage. In the given scenario, Jovi's Corner is most likely an example of a <u>sole proprietorship.</u>
Clearly Jovi's Corner is an example of sole proprietorship since at the death of its owner there was no heir to manage the store or any partner or employee who had sufficient capacity and interest to continue managing the store.
Answer:
A. Dr Raw meat Inventory 120,000
Cr Cash 120,000
B. Dr Indirect Materials $186,000
Cr Raw Materials $186,000
C. Dr Direct Materials $15,000
Cr Raw Materials $15,000
Explanation:
Preparation for the journal entries for the above transactions for the month of May.
Dr Raw meat Inventory 120,000
Cr Cash 120,000
(Being to record Raw materials purchases for cash)
B. Dr Indirect Materials $186,000
Cr Raw Materials $186,000
($201,000 - 15,000)
C. Dr Direct Materials $15,000
Cr Raw Materials $15,000
The amount in interest is specified in the policy and compounds annually