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3 years ago

LO 4.2Which document lists the inventory that will be removed from the raw materials inventory?

Business

1 answer:

Amanda [17]3 years ago

7 0

Answer:

Material Requisition Form

Explanation:

Material requisition form is a request form generated by production team asking store department to issue material for process. Thus upon receipt of approved material requisition form, store issues the raw material from inventory.

Job cost sheet is not correct answer as it is sheet used by firms using job order costing process to record total cost incurred on a job.

Purchase order is a document used to place order to required goods and services. It is a source document for tracing actual order, goods receipt and invoices raised.

Receiving document denotes the actual quantities of goods received at warehouse.

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On June 2nd, SEAkayak had the following details for its common stock: 1,000,000 shares authorized, 400,000 shares issued, and 40

kompoz [17]

Answer:

The authorized common stock shares remain 1,000,000 shares.

Explanation:

The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares. The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding. The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.

The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account. The treasury stock account is a contra account to the Common Stock.

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3 years ago

In 500 words, describe how your family is conserving, reusing, and recycling resources. Also describe what more your family migh

____ [38]

We are recycling by turning off the lights.
Reusing by using outfits or jeans that aren’t dirty and don’t deserve to be in the washer.Conserving by going to school.What you can do is turn off other peoples lights when they forget to.

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3 years ago

Widget Co has a market capitalization of $ 100M. It does a 5-for-1 stock split. It then does a 1- for-25 reverse stock split. Fi

photoshop1234 [79]

Answer: $100M

Explanation:

This is a bit of a trick question but when you come into contact with such questions remember this, stock splits do not change the total Market Capitalization. Market Cap is the total cash value of the company's stock in the market. A split would increase the number of shares outstanding but the market cap will remain the same because the shares will decrease in value.

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4 years ago

How does a mutual fund differ from an index fund?

aivan3 [116]

Answer:

The correct answer is letter "B": Mutual funds are actively managed by a professional while index funds are not.

Explanation:

Both mutual funds and index funds are pools of assets that allow investors to diversify their portfolios. The difference between them relies on the quality of management those funds provide. <em>Mutual funds are assessed by qualified professionals while index funds are not. That is the main reason why mutual funds charge higher fees than index funds.</em>

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3 years ago

Walton Company, which produces and sells a small digital clock, bases its pricing strategy on a 25 percent markup on total cost.

castortr0y [4]

Explanation:

The computation of the contribution margin per unit is shown below:

Burt for that first we have to determine the variable expense per unit which is shown below:

Variable costs per unit = $330,000 ÷ 15,000 units

= $22

Now the contribution margin per unit is

= Selling price per unit - variable expense per unit

= $25 - $22

= $3

Therefore, the special order is accepted

And, the preparation of the contribution margin income statement is shown below:

Sales (4,000 clocks × $25) $100,000

Less: Variable cost (4,000 clocks × $22) ($88,000)

Contribution margin $12,000

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4 years ago