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Deffense [45]
3 years ago
5

If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of

the plastic will be categorized as what type of expense?
Business
1 answer:
inna [77]3 years ago
7 0
<span>If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of the plastic will be categorized as the cost of goods sold. The cost of goods sold is the direct cost related to the production costs of a product sold by a company.</span>
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Providing and recording documents are performed by:____________.
postnew [5]

Providing and recording documents are performed by : The closing agent

<h3>Who is a closing agent?</h3>

Closing agents are basically professionals who acts directly for the buyer by making interest of the buyer known to the seller. They are usually associated with real estate transactions.

A closing agent could be a lawyer speaking to a bank or lender. The actual closing is conducted by a closing agent who might be a worker or employee of the lender or the title company or organization.

Other duties of a closing agent are :

  • Ordering title work and a property survey.
  • Issuing commitment title.
  • Assisting with obtaining requisite insurance
  • Issuing and sending the title insurance policy to both the buyer and lender
  • Assembling the loan closing package .

Therefore, closing agent responsible for providing and recording documents.

Learn more about closing agent here : brainly.com/question/8023863

5 0
2 years ago
-8/3 + 7/2 =?<br><br>por favor ayúdenme.​
Triss [41]

Answer:

-5/6

Explanation:

Fist find the common denominators of the two

-  \frac{16}{6}  +  \frac{21}{6}

Then you that minus sign in front of the fraction that means its negative

although theres an addition sign where subtracting fractions.

given it's in this order the fraction will be negative

-  \frac{16}{6}  +  \frac{21}{6}  =  - \frac{5}{6}

:D

6 0
3 years ago
Individual marketing across segments creates more total sales than any other type of marketing. ​
Flura [38]

Answer:

false

Explanation:

7 0
3 years ago
Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c
posledela

Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital  $70,000

Retained earnings     $45,000

                                   115,000

Assets

Non-Current assets

Fixed assets               $22,000

Current assets

Cash in hand               $93,000

                                     $115,000            

Wang company

Income statement

Net sales                      $88,000

Cost of sales                 $38,000

Gross margin                $50,000

Less:admin expenses   $5,000

Net Profit                       $45,0000

3 0
3 years ago
Ashton is an investor looking at the income statements of two different companies. The first company has a very detailed income
Drupady [299]

Answer:

The first company with detailed information.

Explanation:

Financial statements show the financial position of a company at a particular period in time. The various types are balance sheet, income statement, and cash flow statement.

The income statement shows more clearly value of the company.

When Ashton is studying the income statement, he will need as much detail as possible so that he can make informed decision to invest.

The company with detailed income statement will be a better option. The company with condensed income statement will most likely not reveal some important information that will present itself as an unpleasant surprise in the future.

7 0
3 years ago
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