Answer: True
Explanation:
As the proverbial 'Global policeman', the U.S. enacts sanctions on countries that it believes are acting in a way that is not beneficial to her own people or the plant at large.
This includes human rights abuses, poor labor standards and environmental standards amongst others. These sanctions are meant to hurt the sanctioned country so that they right their wrongs. Countries such as Burma are under trade sanctions due to their poor human rights record in dealing with Rohingya Muslims.
Based on the beginning work in process and the costs added in the period, the Equivalent Units of Production for direct materials is $342,000.
<h3>What is the EUP for direct materials?</h3>
This can be found by the formula:
= Beginning WIP for raw materials + Costs added this period
Solving gives:
= 49,000 + 293,000
= $342,000
Find out more on Equivalent Work in Process at brainly.com/question/16259709.
#SPJ1
Answer:
Current Ratio = Current Asset / Current Liabilities
Quick Ratio = (Current Assets – Inventories) / Current Liabilities
Explanation:
The Current Ratio is a liquidity measure that shows the ratio between current asset and current debt obligations. It tells how many dollars of current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.
The Quick Ratio is also a liquidity indicator that measures the capacity of a company, using its most liquid assets, to pay its current debt at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.
The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective
Answer:
The best answers to the questions are
1. Capital Allocation Process
2. Direct Transfer
Explanation:
Answer:
Debit Fees Revenue and credit Income Summary for $10,000
Explanation:
The journal entry for recording the closing the revenue account is as follows
Fees revenue Dr $10,000
To Income summary $10,000
(Being the closing of revenue account is recorded)
For recording this we debited the fees revenue and credited the income summary so that the correct recording and posting could be done