To resolve a surplus in inventory, usually a company would lower the price to increase demand. In this case, I would imagine the swimsuit firm would offer an end of the season sale to clear out leftover inventory.
A manufacturing process requires small amounts of glue. the glue used in the production process is classified as an indirect material.
What is indirect material?
Even though they are used in the entire manufacturing process, indirect materials do not go into the finished product. For instance, while disposable gloves, PPE, tape, etc. may be necessary for a production line, the actual product produced on that line may not include any of these items.
Therefore,
A manufacturing process requires small amounts of glue. the glue used in the production process is classified as an indirect material.
To learn more about indirect material from the given link:
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What human resources manager focus on when determining an organization's long-term staffing needs is the organization's vision and strategic plan.
<h3>What is Strategic planning?</h3>
Strategic planning can be regarded as the process where an organizational leaders determine their vision.
This helps the leader to prepare for the future as well as identify their goals and objectives for the organization.
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Answer:
the effective annual yield is 12.34 %.
Explanation:
The effective annual yield is the interest rate that will make the coupons and par value equal the market price of the Bonds. It is also known as the Yield to Maturity (YTM).
This is calculated using the Time Value of Money Technique as follows :
PV = - $975.71
PMT = ($1,000 × 6.00%) ÷ 2 = $60
N = 18.00 × 2 = 36.00
P/YR = 2
FV = $1,000
YTM = ?
Using a Financial calculator to input the data as above, the effective annual yield is 12.34 %.
Answer:
1.
Sept - 30
DR Cash <u>$6,300</u>
CR Sales <u>$6,000</u>
CR Sales Tax <u>$300</u>
(<em>To record Cash sales and Tax Payable)</em>
<u>Working</u>
Sales Tax = 6,000 * 5%
= <em>$300</em>
2.
Oct - 15
DR Sales Tax Payable <u>$300</u>
CR Cash <u>$300</u>
(<em>To record remittance of Sales Tax to the State Government</em>)
3.
Sept - 30
DR Cost of Goods Sold <u>$3,900</u>
CR Merchandise Inventory <u>$3,900</u>
(<em>To transfer inventory to Cost of Goods sold) </em>
4. <em>Repeat question for question 2.</em>
5. <em>Repeat question for question 1.</em>
