1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rodikova [14]
3 years ago
11

What are purchased items or extracted materials that will be transformed into components or products called?

Business
1 answer:
Amanda [17]3 years ago
8 0

<u>Answer:</u>

<em>Purchased items or extracted materials that will be transformed into components or products are called (</em><u><em>A) Raw materials inventory </em></u>

<u>Explanation:</u>

Raw materials inventory is the complete expense of all segment parts at present in stock, which is not in use, therefore, a continuous process or completed stock creation. There are two subcategories of crude materials, which are direct materials. These are materials fused into the last item.

Raw materials may at times be announced out of date, perhaps because they are never again utilized in organization items, or because they have debased while away, thus can never still be used

You might be interested in
Help buissness help help help
Eddi Din [679]
Answer is Mucus Fleming as he is a sports player. (:
4 0
2 years ago
Read 2 more answers
A resident of California sells Nevada real estate in an installment sale. In the current year he receives a return of principal
shepuryov [24]

Answer:

The taxable income is $13000

Explanation:

The sell by California resident = $10000

The taxable gains = $2000

Given interest rate = $1000

Since during the year total amount received is the return of principal, gains, and interest rate. Therefore total amount = 10000 + 2000 + 1000 = $13000

Thus, the total amount received during the years is California taxable income.

7 0
2 years ago
On January 1, 2022, Concord Company issued $2,800,000 face value, 7%, 10-year bonds at $3,006,070. This price resulted in a 6% e
yaroslaw [1]

Answer:

Concord Company

Journal Entries:

i. The issuance of the bonds on January 1, 2022:

Debit Cash $3,006,070

Credit Bonds Payable $2,800,000

Credit Bonds Premium $206,070

To record the issuance of bonds at premium.

ii. Accrual of interest and amortization of the premium on December 31, 2022:

Debit Interest expense $180,364

Debit Premium Amortization $15,636

Credit Interest Payable $196,000

To accrue interest and record premium amortization.

iii. The payment of interest on January 1, 2023:

Debit Interest Payable $196,000

Credit Cash $196,000

To record payment of interest.

iv. Accrual of interest and amortization of the premium on December 31, 2023:

Debit Interest expense $179,426

Debit Premium Amortization $16,574

Credit Interest Payable $196,000

To accrue interest and record premium amortization.

Explanation:

a) Data and Calculations:

January 1, 2022:

Face value of bonds issued =  $2,800,000

Proceeds from the bonds issue 3,006,070

Bonds Premium =                        $206,070

Coupon interest rate = 7%

Effective interest rate = 6%

Bonds maturity period = 10 years

Payment of annual interest = each January 1

December 31, 2022:

Interest expense = $180,364 ($3,006,070 * 6%)

Cash payment = $196,000 ($2,800,000 * 7%)

Amortization of premium $15,636 ($196,000 - $180,364)

Bonds' fair value = $2,990,434 ($3,006,070 - $15,636)

December 31, 2023:

Interest expense = $179,426 ($2,990,434 * 6%)

Cash payment = $196,000 ($2,800,000 * 7%)

Amortization of premium $16,574 ($196,000 - $179,426)

Bonds' fair value = $2,973,860 ($2,990,434 - $16,574)

Analysis:

i. The issuance of the bonds on January 1, 2022:

Cash $3,006,070 Bonds Payable $2,800,000 Bonds Premium $206,070

ii. Accrual of interest and amortization of the premium on December 31, 2022:

Interest expense $180,364 Premium Amortization $15,636 Interest Payable $196,000

iii. The payment of interest on January 1, 2023:

Interest Payable $196,000 Cash $196,000

iv. Accrual of interest and amortization of the premium on December 31, 2023:

Interest expense $179,426 Premium Amortization $16,574 Interest Payable $196,000

3 0
3 years ago
PLEASE HELP ME :(
Olenka [21]

Which career requires less education than an Auditor?

A) Accountant

B) Bookkeeper

C) Credit Analyst

D) Financial Manager

6 0
2 years ago
Which of the following is an example of trade barriers imposed by Japan? Multiple Choice U.S. basTo comprehend why a society thi
lana [24]

The correct option is E). All of these choices are correct.

<h3>What trade barriers were imposed by Japan?</h3>

Along with the tariff barriers, Japan also have some non-tariff barriers that may impact commercial activity of foreign products into Japan.

Japan prohibited the imports of narcotics, firearms, explosives, and products that violate intellectual property laws.

Japan's tariff system offers lower and duty-free rates to those products which has been imported from developing countries.

Learn more about the trade barriers in Japan here:-

brainly.com/question/27863334

#SPJ1

3 0
1 year ago
Other questions:
  • Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
    9·1 answer
  • A business-cycle expansion is different from economic growth. <br> a. True <br> b. False
    15·1 answer
  • Midwest Agri-Products Corporation offers to sell its sugar substitute to Nice Candies, Inc., only if Nice Candies agrees to buy
    5·1 answer
  • Gamble Company convinced Conservative Corporation that the two companies should establish Simpletown Corporation to build a new
    14·2 answers
  • What does a company's code of ethics cover?
    13·1 answer
  • Evaluate this statement: "If the yield of two bonds having equal maturity changes the same amount, the price of the lower coupon
    6·1 answer
  • Bob, the owner of Orthopedic Supply, just discovered that his trusted friend Ruth, his accountant for over 30 years, has been mi
    9·1 answer
  • Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sale
    14·1 answer
  • Ben took some steps to use the concept of economies of scale in his company and failed. Which step caused his attempt to fail?
    10·1 answer
  • Your and your business partner bake bread to be sold at the Madison Farmer's Market every Saturday. You calculate the underage c
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!