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valina [46]
3 years ago
14

The journal entry to record the transfer of units from Process 1 to the Process 2 in process costing is:

Business
1 answer:
ratelena [41]3 years ago
5 0

Answer:

Debit Work in Process Inventory – 2 and credit Work in Process Inventory-1

Explanation:

Hope this helps :)

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A machine whose cash ptice us $700 was bought on hire purchase for $784. The cost of credit was​
anastassius [24]

Answer:

$84

Explanation:

Cost of Credit refers to the expenses incurred when using credit. It is the cost of borrowing and is represented by the difference between the total amount paid back and the amount borrowed.

I.e., cost of credit = Amount paid - Amount borrowed.

In this case,

Cost of credit = $784 - $700

Cost of credit = $84

7 0
3 years ago
The money stock in the economy is:​ a. ​the amount of wealth accumulating in the economy, such as currency and demand deposits.
Rus_ich [418]

Answer: The quantity of money circulating in the economy, such as money market mutual funds and stocks.

Explanation: Money stock also known as the money supply of an economy is the amount of money in circulation in an economy at a specific time, mainly influenced by the central bank of a country. It consists of the value of total money available in an economy in its different forms such as: stocks, mutual funds, and physical cash.

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3 years ago
Jane always finishes the work assigned to her before her team members. Her performance never dropped even when she was working o
iris [78.8K]

Answer: Rate buster

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In the given case, Jane performs superior than her fellows even in case of difficult situations.

Hence, from the above we can conclude that Jane should be considered as a rate buster.

5 0
3 years ago
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Answer:

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6 0
3 years ago
Jack works for Red, Blue and Green CPAs. Each year Red, Blue and Green asks Jack to fill out a form indicating all of his financ
Arturiano [62]

Answer:

1.Immediate Family:

Dependent Child

Spouse

Spouse equivalent

Dependent Parent

2.Close Relatives:

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Brother

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Independent Child

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Golf Partner

College Friend

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Niece

Explanation:

Code of Professional conduct is a list of standards which are required to be followed by the CPA professionals. It provides guidance to the professionals about the decision making in certain situations. There are two broad categories which is rules and standard. Rules are mandatory to be followed regardless of the situation and there can not be any deviation allowed from the listed rule. Standard provide guidance for decision making in business scenarios.

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3 years ago
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