The producer MAKES the product, and sells it to retailers. The consumers buy the products from the retailers.
Answer:
True
Explanation:
Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;
1) direct material
2) direct labour
3) manufacturing (factory) overhead.
Manufacturing overhead cost also include the following;
a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.
b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.
The prize is really worth $1,006,512.21.
<h3>What is present value?</h3>
Present value is the sum of cash flows discounted at the rate of interest or the discount rate. The annual cash flows for the next 10 years = $1.5 million / 10 = 150,000
The present value can be determined using a financial calculator
Cash flow from year 1 to 10 = $150,000
Discount rate = 8%
Present value = $1,006,512.21
Here is the complete question: You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 an¬nual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent.
To learn more about present value, please check: brainly.com/question/25748668
Answer:
sales returns & allowance 2,000 debit
accounts receivables 2,000 credit
Inventory 500 debit
COGS 500 credit
-to record the return of goods from Jerry Hines--
Explanation:
As the returned goods are not reported as failure or malfunction just; the customer returned as exceeds his needs, we can return them to goods ready to sale thus; inside inventory account.
We will decrease the account receivable, our COGS and increase our inventory
Answer:
Residual risk
Explanation:
Risk is generally defined as the likelihood that some harm can happen. In quantitative evaluations, risk is defined as the probability that some negative event happens . Residual risk is the threat that remains after all efforts to identify and eliminate risk have been made. There are four basic ways of dealing with risk: reduce it, avoid it, accept it or transfer it. Since residual risk is unknown, many organizations choose to either accept residual risk or transfer it for example, by purchasing insurance to transfer the risk to an insurance company. Residual risk is the remaining risk that exists after all hazard mitigation measures have been implemented or exhausted in accordance with the applicable safety requirements and the project risk management process.
