Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.
Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.
Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.
As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.
The need that the electronic pencil fill is the need to erase errors associated with what has been written down digitally.
<h3>What is the potential market for the product?</h3>
The potential market for electronic pencil is the global digital pen market and the global market as a whole.
<h3>What type of consumer good is electronic pencil product?</h3>
The type of consumer good of electronic pencil product is Specialty products.
<h3> How will you distribute the product?</h3>
One can distribute the product via online platforms such as social media, online stores and marketplace, etc.
<h3> What are the other questions that need to be answered before a decision is made?</h3>
- The lifespan of the product.
- Does it have effect to the human skin
- Is it feasible.
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Answer:
Two detectives think that a murder suspect has the murder weapon hidden in his apartment. Before they can search the apartment, they have to obtain a search warrant from a judge. Why are police required to get warrants before completing such searches?
They gets such warrant in order not be charged for being trespass which is punishable under the law, it entails when an outsider without invitation intrudes into another person's home, such could lead to being accused of theft, trespass among others.
Explanation:
Answer:
$11,200
Explanation:
As not mentioned in the account. It is Assumed that the Larry and Bird are related parties and Bird made a sale at a transfer price of $40,000 with $24,000 cost of inventory.
Bird can only recognize the equity up to the ratio of inventory used or sold by the related party.
As 30% was not consumed then consumption will be 70%, so 70% of the income is realized and it will be recorded.
Equity Income = $40,000 - $24,000 = $16,000
Realized Equity income = $16,000 x 70% = $11,200
* There is some ambiguity in the question given.
