<span>Under GAAP, cash receipts from interest and dividends are classified as operating activities. Operating activities are the main business activities for the company. The operating activities for the company are manufacturing, distributing, marketing and selling the product or service to consumers. </span>
Answer:
The entry to record the transfer of materials from the storeroom is
Debit Work in process $ 36,000
Debit Factory overhead control $ 6,000
Credit Material Account $ 42,000
The material is accounted in material stock account when purchase. Latter if material is used directly it is taken in work in process account. Indirect material is accounted in FOH account.
Answer:
The amount of cash received from this sale on July 24 is $1940.
Explanation:
The sell of merchandise on July 15 will result in an increase in sales revenue of $3800 and accounts receivables of $3800. The entry would be,
July 15 Accounts receivable $3800 Dr
Sales revenue $3800 Cr
The sales return of $1800 will reduce the amount of accounts receivables. The amount of accounts receivables outstanding and eligible to receive payment from will be (3800 - 1800) = $2000
The accounts receivables are offered a 3% discount if they pay within the 10 days of sale. On July 24, the payment is received within discount period and the discount allowed will be,
Discount allowed = 2000 * 0.03 = $60
The cash received will be $2000 - $60 = $1940
Answer:
B. amount of time the producer has to adjust inputs in response to a price change.
Explanation:
- When talking about elasticity of supply, we are refering to the sensibility of quantity produced when price changes.
- If <u>price increases, producers have an incentive to increase the quantity they offer</u>. This will be <u>conditioned by the productive process they face</u>.
- If it is relatively easy to increase output when facing an increase in prices elasticity of supply would be relatevely high.
- If it is relatively difficult or slow to increase output (think about real assets for example, their production takes more time than produceing candies), facing an increase in prices would not inmediately increase offered quantities. In this case elasticity of supply would be relatively low.
- Then, the amount of time represents a crucial aspect when thinking about how supply can change when prices changes, conditioning the value of elasticity of supply.
Answer:
1. Start your own business;
2.Take over a family-owned business.
3. Buy a franchise.
4. Buy an existing operating business.
