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WITCHER [35]
3 years ago
14

Under the FIFO method, in addition to the cost of units started and completed during the period, the cost of the units transferr

ed out of the department includes: The cost in beginning work in process inventory The cost to complete the units in beginning work in process inventory A) Yes Yes B) No Yes C) Yes No D) No No
Business
1 answer:
atroni [7]3 years ago
3 0

Answer:

most likely it could be (B)

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An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry po
Minchanka [31]

Answer:

False.

Explanation:

False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.

5 0
3 years ago
Cash received before services are performed may be recorded as a debit to a cash account and a credit to a liability account is
Lana71 [14]

Answer:

The correct answer is: Unearned Revenue.

Explanation:

Unearned Revenues are advance payments that a company or individual collects for products and services that it has not yet rendered or delivered. Other terms for unearned revenue are advanced payments or deferred revenue. Unearned income must be debited to a cash account and credited to a liability account in compliance with the Generally Accepted Accounting Principles (GAAP).

7 0
3 years ago
Willing to give a lot of points
ivann1987 [24]

One of the reasons marketing is essential to the free market system is that It ensures that companies make a healthy profit.

<h3>What is free market?</h3>

A free market is a market structure where there is no interference from government but forces of demand and supply controls it.

With regards to the above, marketing ensures that products gets to the target audience to attract sales, thereby increase profits.

Learn more about free market here : brainly.com/question/13519121

#SPJ1

6 0
2 years ago
The income statement reports changes in fair value for which type of investment securities?a. Securities reported under the equi
sveticcg [70]

Answer: trading securities

Explanation:

An income statement is a company's financial statement and simply shows the revenues and the expenses of a company for a particular period. It shows how the company is doing whether it's running a loss or making profit.

The income statement reports changes in fair value for trading securities.

3 0
3 years ago
Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest
Scilla [17]

Answer:

Explanation:

The market value of debt is the present value of all future cash flows in servicing  the debt.

we need to identify the present value of the future cash flows as follows

Year     no of receipts    Cash flow           Discount factor      present value

1-7               7                        70                     5.1185                     358.296

7                 1                       1000                   0.5649                    564.926  

                             Present Value                                                 923.222

Annuity= P=R(1+(1+i )^-n) /i

Annuity= P=70(1+(1+8.5%)^-7/8.5% = 5.1185

Compound = S=P(1+i)

Compound =P=1000/(1+8.5%)^7    =  0.5649

the value of the bond is = 923.222

8 0
3 years ago
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