Answer:
3. ending work in process is less than the amount of the beginning work in process inventory.
Explanation:
As we know that
Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of Work-in-Process Inventory
And, the Manufacturing cost involves both cost i.e direct material and direct material used
If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory
Answer:
Cash received journal would contain transactions where money was entering into the company. These include: capital contributions, cash sales and loans coming into the company.
The cash payments journal on the other hand, would show transactions where money left the company such as to pay for expenses such as salaries or to procure materials needed by the company.
Cash Receipts Journal
1. A cleaning company received cash from a customer for services provided
2. Owner of a business deposited capital contribution in the business bank account
4. Cash received in the cash register from the day's sales
6. Loan received from the bank
8. Cheque received from a customer in payment of her account.
Cash Payments Journal
3. Cheque cashed to buy office supplies
5. Service materials purchased by electronic funds transfer
7. Salaries paid by Internet banking
Answer: b. Because the opportunity cost of the fourth unit of capital is the consumption goods that must be given up for this economy to move from three units of capital to four units of capital, but the opportunity cost of four units of capital is the amount of consumption goods that must be given up to go from zero units of capital to four units of capital.
Explanation:
The opportunity cost of the 4th unit of capital refers to how many units of consumption need to be given up for the economy to move from the third unit to the forth unit of capital. In other words, the economy needs to give up 4 more goods to move from the 3rd unit of capital to the fourth.
But if the Economy was to produce the entire 4 units of capital it would have to give up the entire 10 units of consumption in total.
Answer: collectivism
Complete Question:
Cedric, a brand manager, transferred from the united States to japan He discovered that although people in the United States highly valued individualism, people in Japan expect individuals to conform to group expectations. Cedric concluded that Japan places more of an emphasis on:
Explanation: Collectivism values the group over individuals belonging to the group. In cultures where collectivism is the norm, individuals tend to want to conform to the group expectations. Also, it is common for individuals in collectivist societies to define themselves as belonging to a group than as individuals so groups are a way of identifying themselves.
While individualism values individuals's right and uniqueness, collectivism does not but sees value in maintaining the cohesion in a group, which in turn promotes conformity.
It is a list of assets or it could detailing the balance of income of a business for a period of time.
