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tatyana61 [14]
4 years ago
8

The purchase of raw materials on account in a process costing system is recorded with a:A. Debit to Purchases and credit to Cash

.B. Debit to Purchases and a credit to Accounts Payable.C. Debit to Raw Materials Inventory and a credit to Accounts Payable.D. Debit to Accounts Payable and a credit to Raw Materials Inventory.E. Debit to Goods in Process Inventory and a credit to Accounts Payable
Business
1 answer:
Mashcka [7]4 years ago
6 0

Answer: The purchase of raw materials on account in a process costing system is recorded with a "C. Debit to Raw Materials Inventory and a credit to Accounts Payable.".

Explanation: The purchase of raw materials must reflect an increase in the inventory of raw materials and an increase in the liability generated by the purchase on account.

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People are more likely to engage in political behavior in organizations when?
aliina [53]

The correct answer is - when they want to achieve some objectives by influencing others.

The ability to influence plays a vital role in organisational politics when wanting to achieve some personal goals.

Organisational Politics

  • Organisational politics simply refers to the use of influencing capabilities in order to achieve some personal as well as organisation goals and objectives.
  • Generally, people who like power and are good at influence tactics tend to engage in workplace politics and usually engage with like minded people in order to use the limited resources for some goals.
  • Some of the activities include alliance building, negotiating and bargaining etc.

To learn more about politics, visit - brainly.com/question/14132580

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6 0
2 years ago
Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to
Yuliya22 [10]

Answer:

Dave is taxed on $109,500 of plumbing income this year.

Explanation:

Dave is the plumber who worked and got paid $109,500 during the year so he should be taxed for it. The fact that Dave made his clients make their checks payable to his son Steve doesn't change the fact that Steve didn't perform any work and the money is part of Dave gross income.

E.g. Dave could have asked a client to write a check payable to a car dealer in order to pay for maintenance services performed on Dave's car, but it would still be Dave's income.

4 0
4 years ago
Megan buys a bond that is redeemable for its par value of 20,000 after 5 years. The bond pays coupons of 800 annually. The bond
vivado [14]

Answer:

685.87.

Explanation:

Yield (Y) = 8%

Number of periods (n) = 5 years

Par value of the bonds (FV) = 20,000

Coupon Payment (PMT) = 800

Required: accumulation of discount in 4th coupon

The amount of discount in 4th coupon would be equal to the difference between value of bond at the end of 3rd coupon payment and value of bond at the end of 4th coupon payment.

Value of bond at the end of 3rd coupon payment can be calculated using financial calculator as below:

Input. Output

Y 0.08

n. 2

PMT -800

FV -20000

PV. 18573.39

Value of bond at the end of 4th coupon payment can be calculated using financial calculator as below:

Input Output

Y. 0.08

NPER. 1

PMT. -800

FV. -20000

PV. 19259.26

Thus, amount of discount accumulated in 4th coupon payment = 19,259.26 – 18,573.39 = 685.87.

3 0
4 years ago
One way to prepare children to take over the family business is to:
prisoha [69]
Im a firm believer that your children need to start out at an early age and give them more responsibility as they get older, and by the time they are 18 they have the capability of carrying on they're parents buisness, 


so basically A
5 0
3 years ago
A similarity between monopoly and monopolistic competition is that in both market structures a. there are only a few buyers but
Tpy6a [65]

Answer:

c

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A price maker is a seller that sets the price for its goods and services. A monopoly and a monopolistic competition are price makers

5 0
3 years ago
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