FINANCE is one of the four functions of business. it includes all business activities that involve money. production is another function it is any activity related to making a product.
ANSWER: Finance
The following below completes the question:
- Intake of Completed-Items Stock.
- Produced Goods Cost should be included.
- In other words, it's the same as "Done and Ready to Sell" products.
- Subtract the final stock of finished goods.
- Equals: Cost of Goods Sold.
This is further explained below.
<h3>What is the Cost of Goods Sold.?</h3>
Generally, the total amount that your firm spent on product sales is referred to as the "cost of goods sold." It might entail resale items, raw supplies, direct labor, or packing, depending on the company that you work for.
The thing that is being put up for sale is referred to as the product. A product might refer to either an object or a service. It may take the shape of anything tangible, virtual, or cyber. Every item has a price tag attached to it since it must be paid for during production.
In conclusion,
- Intake of Completed-Items Stock.
- Produced Goods Cost should be included.
- In other words, it's the same as "Done and Ready to Sell" products.
- Subtract the final stock of finished goods.
- Equals: Cost of Goods Sold.
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The risks of foreign outsourcing is that they could stop trading with you.
Answer:
Market imperfection.
Explanation:
Market Imperfection theory states that there is no economy in the world which has a perfect market.
Answer:
Explanation:
1. Before passing the journal entries, we have to determine the amount of bonus payable that is shown below:
Let us assume that the bonds payable at the year end be X
So, the equation is
X = 0.03 × ($500,000 - X)
X = $15,000 - 0.03X
X + 0.03 = $15,000
X = $15,000 ÷ 1.03
= $14,563
Now the journal entries are
2. Employees bonus expense A/c Dr $14,563
To Bonus payable A/c $14,563
(Being the bonus due is recorded)
3. Bonus payable A/c Dr $14,563
To Cash A/c $14,563
(Being the payment is recorded)