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4 years ago

What is a records inventory? discuss why is inventory is conducted and what is included in the inventory?

1 answer:

5 0

A records inventory is detailed listing found through surveying, of all records owned and stored by an organization. The goal behind this is to know where they are stored and how they are stored to have a record retention schedule. This information helps managers in present and in the future make decisions regarding the organization.

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A favorable materials price variance coupled with an unfavorable material usage variance would most likely result from:

Masteriza [31]

The purchase of low-quality materials would most likely the result of a favorable materials price variance coupled with an unfavorable material usage variance. Material price variance is the difference between the cost and the budgeted and actual cost to obtain an object or materials, multiply to the total amount of the product purchased. They are what you called positive value of direct material price and negative value of direct material price. A positive value of direct material price variance is the one that is favorable and it means that the direct material was purchased for a lesser price than the standard price. A negative value of direct material price variance is the one that is unfavorable and it means that more than the expected price per unit is paid.

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4 years ago

If the potential employer is a candle-making company, _____ would be one of the employer’s raw materials.

Scilla [17]

Answer:

wax

Explanation:

Raw materials are the components or ingredients used to manufacture finished goods. They are the unprocessed materials that go through the production process or refining to give a consumable product.

Wax is the main raw material in the production of candles. A company involved in making candles need a source of wax to stay in business.

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3 years ago

Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as

Alborosie

D. Debit work in process debit manufacturing overhead …..

8 0

3 years ago

Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data t

Likurg_2 [28]

Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived.

It should be noted that data simply means the facts and statistics that are used to analysis.

In this case, data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived

Learn more about data on:

brainly.com/question/26711803

#SPJ1

4 0

2 years ago

Exercise 10-2 Straight-Line: Amortization of bond discount LO P2 Tano issues bonds with a par value of $180,000 on January 1, 20

Nitella [24]

Answer:

bonds' face value $180,000

coupon rate 8%, semiannual = 4%

maturity 3 years x 2 = 6 periods

market interest rate = 10% or 5% semiannual

the journal entry to record the issuance of the bonds:

January 1, 2017, bonds issued at a discount

Dr Cash 170,862

Dr Discount on bonds payable 9,138

Cr Bonds payable 180,000

the amortization of the bond discount should be $9,138 / 6 = $1,523 on every coupon payment.

Journal entry to record payment of first coupon:

June 30, 2017, first coupon payment

Dr Interest expense 8,723

Cr Cash 7,200

Cr Discount on bonds payable 1,523

6 0

4 years ago