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3 years ago

Match each of the definitions that follow with the term it defines.

Business

1 answer:

AleksandrR [38]3 years ago

4 0

Answer: The answers are:

1) Engieering change order is a document that initiates a product or process change.

2) Total cost concept Includes manufacturing costs plus selling and administrative expenses.

3) Variable cost concept = Variable manufacturing costs plus variable selling and administrative costs are included in cost per unit .

4) Normal selling price is Target selling price to be achieved in the long term .

5) Setup = Changing tooling when preparing for a new product.

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An investor owns 200 shares of a stock that has split 2 for 1. The investor will get the additional 200 shares by_______.

Scrat [10]

Answer:

Explanation:

Given information

Number of shares owned = 200 shares

Split ratio = 2 for 1

Number of additional shares = 200 shares

The additional shares would get when the investor received the new certificate which specifies the additional shares plus the old certificate is also with the investor which decreased the par value of each share.

It is a cheaper method as compare to cancel the shares plus issuing them

6 0

3 years ago

Prepare the necessary general journal entries for the month of October for Crane Retail for each situation given below. Crane us

harkovskaia [24]

The necessary journal entries for October month are attached below in the image :

<h3>What do you mean by journal entries?</h3>

All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.

All the necessary journal entries are attached below:

Learn more about journal entries:

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3 0

2 years ago

Preparing Journal Entries for Process Costing SystemDuring its first month of operation, Portia Company purchased $90,000 of mat

babunello [35]

Answer:

Date Account Title Debit Credit

XX-XX-XXXX Raw materials inventory $90,000

Accounts Payable $90,000

Date Account Title Debit Credit

XX-XX-XXXX Work in Process Inventory $64,000

Raw materials inventory $64,000

Date Account Title Debit Credit

XX-XX-XXXX Work in Process inventory $30,000

Wages Payable $30,000

Date Account Title Debit Credit

XX-XX-XXXX Work in Process Inventory $20,000

Manufacturing overhead $20,000

7 0

3 years ago

A store that has very limited inventory commonly uses what type of inventory method ?

faltersainse [42]

RETAIL INVENTORY METHOD SHOULD BE USED BY A STORE .

Explanation:

The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise. Along with sales and inventory for a period, the retail inventory method uses the cost-to-retail ratio.

Periodic counts might be once every two months or every three weeks, depending on warehouse size and company needs. This will create better visibility than yearly or seasonal options but it also requires more time and manpower. Workers must ensure they are performing inventory consistently between each count.

3 0

3 years ago

Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar

Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0

3 years ago