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tatyana61 [14]
3 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]3 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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The range rule of thumb roughly estimates the standard deviation of a data set as​ _______.
goblinko [34]
Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
<span>range = Maximum - Minimum</span>
5 0
3 years ago
________ occurs when production is in accordance with consumer preferences.
Alika [10]

Answer:

The correct answer is Allocative efficiency.

Explanation:

Although there are different evaluation standards for the concept of allocation efficiency, the basic principle states that, in any economic system, the different options in the allocation of resources will produce both "winners" and "losers" in relation to the choice being evaluated. The principles of rational choice theory, individual maximization, utilitarianism and market theory assume, in addition, that the results for both winners and losers can be identified, compared and measured.

From these basic premises, the objective of maximizing the efficiency in the allocation can be defined according to some neutral principle in which some options are considered “objectively better than others”. For example, an economist might say that a change in policy increases the efficiency of allocation, as long as those who benefit from the change (winners) earn more than the losers lose.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

7 0
2 years ago
Coronado's Place recorded the following data:
Lorico [155]

Answer:

The weighted average unit cost of the inventory at January 31 is $496

Explanation:

Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.

Date                    Unit Received / Sold  On Hand Unit     Cost   Balance

1/1       Inventory     540 units at $2.80          540             $1,512    $1,512

1/8      Purchased   960 units at $2.3           1500            $2208   $3,720

1/12      Sold            1,300 at ($3,720/1500)   200             $3,224   $496

4 0
2 years ago
When a wealthy individual invests his or her own money into a business project or start-up company with little intention to infl
kaheart [24]

​The answer is: Angel investor

Angel investors only injected their capital with the businesses if they believe that the leaders are capable in making the decision by their own.

This hands-off approach in investments tend to be reall risky. But Angel investors tend to be wealthy enough to the point where they can afford the financial blow back even if a couple of their start up investments fail.

7 0
3 years ago
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll
ch4aika [34]

Answer:

$5,225

Explanation:

Calculation for What should Tringali report as its deferred income tax liability as of the end of its first year of operations

Using this formula

Deferred income tax liability=Temporary difference-depreciation*Tringali's tax rate

Let plug in the formula

Deferred income tax liability= $20,900 * 25%.

Deferred income tax liability=$5,225

Therefore What Tringali should report as its deferred income tax liability as of the end of its first year of operations is $5,225

3 0
2 years ago
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