The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
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Answer:
Every worker and manager per set of management within the worksite
Explanation:
In such a situation, all workers and managers should have access to the information, training, and controls needed to avoid workplace accidents. Since the possibility of one occurring is a common risk to all, being appropriately trained on right precautions and procedures is important to both managers and employees. They will know how to administer first aid and even perform CPR at workplace.
Answer: b. The diversifiable risk of your portfolio will likely decline, but the expected market risk should not change.
Explanation:
Diversifiable risk is a risk that a particular security has or which can be seen in a certain sector. Market risk occurs when there's possibility that a particular investor will make loss due to certain factors which affects the entire market.
In the above scenario, the most likely to occur will be that the diversifiable risk of the portfolio will likely decline, but the expected market risk should not change.
It should be noted that diversification won't eliminate market risk. When more stocks are added, this brings about decline in diversification risk but market risk won't change.
Answer:
Option D. 5,400 9,000
Explanation:
The computation for the number of units produced is shown below:
But before that first determined the following calculations
Particulars Spoons Forks
Selling Price $150.00 $88.00
Less:
Variable cost per unit $80.00 $42.00
Contribution margin
per unit $70.00 $46.00
Machine hour per unit 5 3
Contribution margin
per machine hour $14.00 $15.33
As we can see that the contribution margin per machine hour of the fork is greater so it should be the first utilized
For 9,000 forks, total machine hours is
= 9,000 × 3
= 27,000
Now no of the spoons produced would be
= 27000 ÷ 5
= 5,400
