1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blondinia [14]
3 years ago
9

The following journal entry would be made in a processing costing system when units that have been completed with respect to the

work done in Processing Department Z are transferred from Processing Department Z to Processing Department Y:
Work in Process, Department Y XXX
Work in Process, Department Z XXX
1. True
2. False
Business
1 answer:
dsp733 years ago
6 0

Answer: True.

Explanation: The journal entry would be made with processing cost system when the units would have been completed in respect to the work done. The statement is " true".

Processing cost system is used when nearly identical product are produced in mass. The process costing can be described as one method of assigning manufacturing cost to unit produced.

You might be interested in
Measuring business activities and reporting those measurements to external parties is the function of ______ accounting.
Andru [333]

Answer:

Financial

Explanation:

Basically, there are two forms of accounting for measuring business activities namely; Financial accounting and Management accounting.

Financial accounting involves the measurement of the business activities over a period using a defined framework or standard such as US GAAP, IFRS, etc. This is usually presented in a form of statements called the financial statements and is used by internal and external stakeholders such as Government, creditors, shareholders etc.

Management account is usually prepared for management purposes and measures the company's actual activities against the budget or plan.

The right answer is financial accounting.

3 0
3 years ago
Which fifth factor of production do many economists now include in addition to the four traditional factors of​ labor, capital,​
Tomtit [17]

Answer:

The correct answer is E, Information Resources.

Explanation:

Factors of production include Labor, Capital, Entrepreneurs and physical resources. But in the recent years, information has become the vital resource for organizations. Correct information and knowledge about a specific thing is crucial to the organization. For example if a company wants to introduce its new product and specifies a target audience, if the company doesn't get the accurate information about the needs and demands of that specific target area, other factor of production won't be of any use. So this information resource has become a vital and important part of the factors of production.

7 0
3 years ago
Read 2 more answers
Auagaa474 Corporation had sales of $491,300 and average operating assets of $289,000 for the past period. What is the margin tha
astra-53 [7]

Answer:

16%

Explanation:

Calculation for the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2%

First step is to calculate the Turnover using this formula

Turnover = Sales ÷ Average operating assets

Let plug in the formula

Turnover= $491,300 ÷$289,000

Turnover=1.7

Now let calculate the margin using this formula

ROI = Margin × Turnover

Let plug in the formula

27.2% = Margin × 1.7

Margin = 27.2% ÷ 1.70

Margin=0.16*100

Margin= 16%

Therefore the margin that Auagaa474 needed to earn in order to achieve an ROI of 27.2% will be 16%

8 0
3 years ago
The upper class makes up about 25 percent of the population in the United States. True or False
jeyben [28]
Yes that is correct :)
5 0
3 years ago
Read 2 more answers
“the probability of event b, given that event a has occurred” is known as a __________ probability.
bagirrra123 [75]
The probability of event B given that event A has already occurred is known as a CONDITIONAL PROBABILITY. 
Conditional probability is written mathematically as: P[B/A], where P stands for probability. 
Event A and B can be dependent or independent and this will have effect on the general formula of conditional probability, that is, the formula will change in form depending on the relationship between the two events.
6 0
3 years ago
Other questions:
  • When mcdonald’s introduced its low-fat mclean deluxe hamburger, it used __________ to avoid direct competition with wendy’s and
    13·1 answer
  • Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers on the
    14·1 answer
  • Home Baked Bread Company hires Craig to sell the company's products in a certain area. Home Baked Bread agrees to pay Craig a sa
    12·1 answer
  • Janice always makes the first offer during salary negotiations because that number will become the starting point for any furthe
    9·1 answer
  • The san francisco giants sell tickets based on​ ____________, where the prices often change based on demand and other variables.
    5·1 answer
  • Wizard Corp. needs to take out a one-year bank loan of $600,000 and has been offered loan terms by two different banks. One bank
    9·1 answer
  • CODE: oqt-hkzd-hfa<br> Join the meet and my friends are in it so don't mind
    13·2 answers
  • The comparative statements of Carla Vista Co. are presented here.
    10·1 answer
  • For a test plz help
    12·1 answer
  • If both covered interest parity and uncovered interest parity hold, then the expected future spot rate is equal to the: current
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!