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den301095 [7]
3 years ago
9

in general, people from different cultural backgrounds tend to self-disclosure very differently. true/false

Business
1 answer:
Vitek1552 [10]3 years ago
5 0
The answer is TRUE, self disclosure occurs over time with people from different backgrounds 
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Luker Corporation uses a process costing system. The company had $160,500 of beginning Finished Goods Inventory on October 1. It
Tems11 [23]

Answer:

E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.

Explanation:

The journal entry is as follows

Cost of goods sold Dr $839,300

          To Finished goods inventory $839,300

(Being the cost of goods sold is recorded)

The computation is shown below:

= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory

= $160,500 + $837,000 - $158,200

= $839,300

4 0
4 years ago
During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of
dem82 [27]

Answer:

credit to Work in Process of $59,000.

Explanation:

Based on the information given the appropriate l journal entries to record these transactions would include a: CREDIT TO WORK IN PROCESS OF $59,000

Dr Finished goods $59,000

Cr Work in process $59,000

Dr Cost of goods sold $65,000

Cr Finished goods $65,000

6 0
3 years ago
On December 31 of the current year, Aztec Company understated ending Merchandise Inventory by $10,000. How does this error affec
daser333 [38]

Answer:

Cost of goods sold will be overstated by $10,000

Net income will be understated by $10,000

Explanation:

The movements in inventory account can be shown as

Opening balance + purchases - cost of goods sold = ending balance

As such, understating the ending balance would result in an overstatement of cost of goods sold. This will in turn result in an understatement of gross and net income.

3 0
3 years ago
Ronnie's Coffee House is considering a project which will produce sales of $6,000 and increase cash expenses by $2,500. If the p
Inessa05 [86]

The amount of the operating cash flow using the top-down approach is<u> $2,200</u>.

<u>Explanation</u>:

<em><u>Given</u></em>:

Sales of production= $6,000

Increase in cash expenses= $2,500

Increase in tax= $1,300

Additional depreciation expense= $1,000

Initial cash outlay= $2,000

Operating cash flow= Sales of production- Increase in cash expenses- Increase in tax

OCF = 6,000-2,500-1,300

       = $2,200

So the amount of the operating cash flow using the top-down approach is $2,200.

3 0
3 years ago
William Corporation has a contract with the labor union which guarantees its workers pay for at least 40,000 hours every quarter
geniusboy [140]

Answer:please refer to the explanation section

Explanation:

direct labor hours = 39000 hours

Finished Goods = 13000 units

direct labour hours per unit = 3 hours

Direct Labor cost per hour = $12

Direct Labor Cost = 13000 units x 3 hours x $12 = $ 468000.

William corporation will pay $480000 (40000 x $12) as per the contract agreement with labour union but Direct Labor cost to be capitalized on Cost of Finished Goods is $ 468000. The cost of $ 12000 should be treated as an expense

3 0
4 years ago
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