Answer:
Accounts Adjusted T-Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit
Cash $8,800 $8,800
Inventory $77,750 $77,750
Sales Revenue $446,000 $446,000
Sales Returns $9,210 $9,210
and Allowances
Sales Discounts $4,730 $4,730
Cost of Goods $243,700 $243,700
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Answer:
Adaptation versus standardization
Explanation:
Adaptation is when a product is modifyed to meet the requirements and customs of a place. In standarization the products aren't modified, they are both forms to sell products overseas.
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Answer:
C) the borrower must be given an estimate of the settlement costs within three business days of loan application.
Explanation:
The Real Estate Settlement Procedures Act (RESPA passed in 1974 but effective since June 20, 1975. It applies to the majority of purchase loans, where a lender finances the purchase of a residence (home).
One of its main purposes was to provide buyers and sellers with a complete cost disclosure, in an attempt to eliminate illegal or abusive practices carried out during the real estate settlement process (e.g. loan services demanding excessively large escrow accounts, kickbacks, mandating title insurance companies, etc.)
Answer:
Direct material used= $4,900
Explanation:
Giving the following information:
Beginning raw materials inventory $ 3,900
Raw materials purchases 5,400
Ending raw materials inventory 4,400
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 3.900 + 5,400 - 4,400
Direct material used= $4,900
Answer:
Purchases= 19,650 pounds
Explanation:
Giving the following formula:
Production in units:
February= 20,100
March= 18,600
One pound of material is required for each finished unit.
The inventory of materials at the end of each month should equal 30% of the following month's production needs.
<u>To calculate the purchase of raw material for February, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 20,100 + (18,600*0.3) - (20,100*0.3)
Purchases= 19,650 pounds