Answer:
1. Journal Entry Debit Credit
Raw materials inventory $73,400
($72,000 + $1,400)
Accounts payable $73,400
(Being raw materials purchase on credit)
2. Journal Entry Debit Credit
Work in process $64,300
($64,000 + $300)
Raw materials inventory $64,300
<u>Raw Material Inventory Account</u>
Beginning balance $36,000 | Work in process $64,300
Purchase $73,400 | <u> </u>
| Ending balance <u>$45,100</u>
| ($36,000 + $73,400 - $64,300)
Answer:
c
Explanation:
cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf
A recession is when the inflation rate is low.. prices are falling dramatically in the market
Answer:
A. USD 5,180/-
Explanation:
In the actual method of inventory valuation, the inventory reaming and the COGS (Cost Of Goods Sold) is measured after each purchase or sale of a transaction. So the COGS and the remaining value of the inventory is known all the time.
Formula:
- Gross margin is equal to Sales minus COGS
Answer:
a Competency
Explanation:
Competency refer to set of capabilities an enterprise possesses relating to performance of a task in an efficient manner in a given specific situation.
Competencies are the sum total of skills, knowledge and capabilities. These are developed over time with application of skills and knowledge.
In the given case, Evergreen reaps benefits with respect to parking area for unwanted aircraft owing to space it possesses and the climate of the location which protects the aircraft from dust and rusting.
This represents a case of competency which has built up over time owing to a capability which has emerged out of application of skills, knowledge and environmental advantage.
