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3 years ago

Data about the size and composition of a population are gathered in a survey called

2 answers:

3 0

Systematic acquisition and recording information concerning members of a given population is called census. This involves collecting and gathering data about the size and the composition of a population in a given country or nation. In the U.S for example census is undertaken after every ten years which involves tallying the population in the country and recording basic information such as age, sex and race. The census is used by the federal government among other reasons to establish the allocation of funding for education programs in the communities and states

Simora [160]3 years ago

3 0

Census is the answer

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Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and

Leni [432]

Answer: Please find answers in explanation column

Explanation:

To record flow of cost of raw materials

Account Debit Credit

1) Work in process-Refining department $385,000

Raw Materials $385,000

To record flow of labour cost

Account Debit Credit

2) Work in process-Refining department $143,000

Wages payable $143,000

To record applied factory overhead

Account Debit Credit

3) Work in process-Refining department $99,000

factory overhead-refining department $99,000

Entry to record the transfer of production costs to the second department, Sifting.

Account Debit Credit

4) Work in process-Sifting department $626,800

Work in process-Refining department $626,800

calculation

Beginning work in process + raw material + wages payable + factory overhead - ending work in process

$29,600 + $385,000+ $143,000 +$99,000 - $29,800 =$626,800

6 0

3 years ago

Which is not something you should look for in a saving account?

pshichka [43]

Answer:

You should make sure you are putting money into it every week, month, or year.

Explanation:

You must make sure you have enough money in the account so if you have some kind of an injury, or you want to buy something that costs lots of money such as a car, or a house, you want to make sure enough money is going into that account.

6 0

3 years ago

A pharmaceutical company announces that it has received Food & Drug Administration (FDA) approval for a new allergy drug tha

Natali [406]

Answer:

b. The stock price will not change, because the market had already incorporated the information about the FDA approval announcement in the stock price.

Explanation:

If the markets are strong form efficient, it means the consensus of the market related to future impact of FDA approval on earnings would be correct, the stock price of today correctly estimates the future earnings, and therefore the stock price would not change when the earnings are released.

3 0

2 years ago

Fill in the blanks to complete the sentence. A manufacturing company has budgeted production at 5,000 units for May and 4,400 un

GarryVolchara [31]

Answer:

Direct material purchases in May = 21,670× $10= $216,700

Explanation:

Material purchase budget is determined by adding the closing inventory of material to the material usage budget less the opening inventory.

Material budgets for May will be prepared as follows:

Materials needed for May production = 5,500 × 3 = 16,500

Materials needed for June production = 4,400× 3= 13,200

Closing inventory of raw material in May =60% × June requirement = 60% × 13,200 =7,920

Material purchase budget for February = Usage budget + closing inventory - opening inventory

= 16,500 + 7,920- 2,750=21,670

Direct material purchases in May = 21,670× $10= $216,700

3 0

2 years ago

During 2004, ABC Company had $750,000 of net credit sales. Accounts Receivable had a December 31, 2004, balance of $250,000.

eimsori [14]

Answer:

c. $24,500

Explanation:

The allowance for doubtful accounts is a contra-asset account that records the amount of receivables expected to be uncollectiblea, makes a reduction of the total amount of accounts receivable appearing on a company’s balance sheet. There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.

ABC Company uses the percentage of sales method - application a flat percentage to the total amount of net credit sales for the period.

Estimated uncollectible = 3% x $750,000 = $22,500

The company establishes an allowance for doubtful accounts for $22,500 while simultaneously reporting $22,500 in bad debt expense.

Before adjusting on December 31, 2004, the Allowance for Doubtful Accounts had a credit balance of $2,000.

The balance in the allowance for doubtful accounts after adjustment is $22,500 + $2,000 = $24,500

8 0

3 years ago