Answer:
Bourne Inc.
Journal entries
Date Account Name Debit Credit
1-Dec Supplies $2,000
Accounts Payable $2,000
1-Dec Cash $6,000
Deferred Revenue $6,000
1-Dec Land $40,000
Notes Payable $40,000
15-Dec Accounts Payable $2,000
Cash $2,000
Adjusting entries
Date Account Name Debit Credit
31-Dec Supplies expense $1,900
($700 + $2,000 - $800)
Supplies $1,900
31-Dec Deferred Revenue $1,000
($6,000/6)
Service Revenue $1,000
31-Dec Interest expense $400
($40,000*12%* 1/12)
Interest Payable $400
Answer:
Raw Materials
Opening Inventory $1,000
Purchases (10,000*0.5) 5,000
<u> 6,000</u>
Transfer to production(WIP) (4,000)
(8000*0.5)
unaccountable shortage(200*0.5)<u> (100)</u>
Closing Balance of Inventory <u>1,900 </u>
WIP
opening Inventory $2,500
Raw material 4,000
Conversion cost:
Direct labor 4,000
Manufacturing overhead 2,000 <u> 6,000</u>
12,500
Transfer to finished goods <u> ( 12,000)</u>
Closing Balance of Inventory <u> 500</u>
<u />
Finished Goods
Opening Invetory $5,000
Transfer from WIP <u> 12,000</u>
Closing Balance of Invetory <u> 17,000</u>
Explanation:
Answer: substitutability
Explanation: The virtue of something being replaceable is called its substitutability. In simple words, it the ability of something to be put in place of other.
In the given case, the subject company and its competitor both are using the same method for recruitment and both are successful in their process. Thus, any one of them, could easily replace other in the process.
Hence from the above we can conclude that the the given case is an example of Substitutability.
900 pesos. You multiply the us amount by 10, the amount of dollars needed to buy one pesos.