Answer:
Part a. Record the transaction on the day the materials were bought.
Materials Account $180,000 (debit)
Cash $180,000 (credit)
Part b. Record the transaction on the day the materials were requisitioned
Work In Progress $165,000 (debit)
Materials Account $165,000 (credit)
Explanation:
Part a. Record the transaction on the day the materials were bought.
Recognise the Assets of Materials Purchased and Derecognise Cash to depict ouflow of economic benefits
Part b. Record the transaction on the day the materials were requisitioned
De-recognise the Materials applied in Production Process and Recognise the cost in Work In Progress Account
Answer:
E. transportation
Explanation:
The wholesaler is one of the middle-men in the channel of distribution that stands between the producer and the retailer in bulk breaking, he buys in bulk from the producers and sell to the retailer.
One of the functions of the wholesaler in the distribution value chain is the transportation of goods from manufacturer's warehouse to his warehouse at his own cost, thereby bringing the products closer to the consumers.
Answer:
$277,000
Explanation:
Break even is the point where neither profit nor a loss is made by the company.
<u>Determination of Break-even Sales</u>
Sales - Variable Expenses - Fixed Expenses = 0
Therefore, Solving Algebraically
Sales = Variable Expenses + Fixed Expenses
= 222,000 + 55,000
= 277,000
Therefore Break-even sales for the month for the company is closest to $277,000
Answer:
The advertising career that interest me the most is marketing
Explanation: